What It’s Like to Not Sell for Cash
Most homeowners opt to list their houses on the market the traditional way for one main reason: they believe it’s what will get them the most money. Here’s the thing: that can be true–sort of. In a seller’s market like the one in 2022, it is true that you’ll probably have an upper hand as the owner in negotiations. However, a higher dollar amount at the end of the deal doesn’t always mean a better profit.
What do we mean by that? It’s simple: traditionally listing and selling your home is not the best bang for your buck most times. For one, it’s a time-consuming process: the average home sale in Florida (traditionally) takes about three months. During those three months, your house is in escrow (that means the deal is in the process of being finalized). During escrow, the house has to undergo inspections and appraisals, which can affect the amount of money that you’re offered for it. At any time during escrow, there’s a risk that your offer can fall through and you’ll be back at square one. This usually happens if an inspection report comes back missing something, the house appraises for less than it’s worth, or the buyer asks you to cover the costs of some needed repairs.
Even if you do make it through escrow and to closing, it’s important to remember that the offer your buyer gives you isn’t necessarily the amount of money you’ll walk away with at the end of the deal. Sellers are often responsible for a lot of closing costs, including agent commissions, which means that the amount you actually walk away with may change.
All in all, we’re not saying that you should never list your home traditionally. It can be a great option, especially if you’re not in a rush to close and are willing to take the risk of negotiations falling through. With that said, if you’re looking to sell your house as quickly and easily as possible, selling it for cash to a reliable buyer is the better option.
Selling your house for cash is the fastest way to sell your house. Some buyers, like PlacePitch, can get your closing done in as little as one day (seriously). That’s because, when you work with a cash buyer, the offer you get is the offer you get. You don’t have to worry about escrow deposits, appraisals, or back and forth. Once the buyer sees the property and runs some market numbers, they give you your offer. If you accept, that’s it: you’ll be closing in no time.
When you work with a buyer who knows their stuff, you don’t have to lift a finger beyond requesting your offer. With PlacePitch, for example, we get cash sales done in just three steps:
- You request your offer in two minutes
- We come by whenever works for you to see the property (no cleanups or repairs needed at all).
- We give you an offer based on real market numbers and, once you accept, we close. That’s it.
You don’t have to worry about middle-men, back-and-forth negotiations, open houses, and inspections when you sell for cash. The process with a solid buyer is as straightforward as possible, including when it comes to your offer. A reputable cash buyer won’t give you an offer based on their personal preferences or opinions. They’ll do a comparative market analysis to see what similar properties in your area have sold for, and they’ll give you an offer based on those numbers, no negotiation required. It’s a simple process designed to give you as much peace of mind as possible.
It’s a Sure Thing
A cash sale will not fall through if you don’t want it to. You won’t be left hanging because of a loan disapproval or a bad appraisal. You won’t have to wait for buyers to be qualified for a loan or show proof of income. Basically: you won’t have to depend on anyone else in order to get your money. In a cash sale, you get a clear offer and decide whether you want to accept it. If you do, you’ll get paid exactly what you were offered, plain and simple.