If you are thinking about selling a house in Phoenix, learn why you should use a cash buyer to make the process faster, easier, and less expensive in our latest post!
When homeowners need a way to sell a house fast in Phoenix, they may not consider working with a cash buyer to get the job done. However, by selling their homes directly, they will be able to save time and money during the process. The homeowner needs to ask themselves, how long can they wait to close? How much are they comfortable spending upfront in order to confidently list the property? Are they able to gamble, not knowing if or when the house will sell? Listing a house in Phoenix isn’t for everyone. Here are our 5 great reasons to sell your house to a cash buyer in Phoenix!
Get Your Money Right Away
When you work with a cash buyer in Phoenix, you will typically be able to sell your house in a matter of days, or when you want. With a traditional listing, there is no way to know exactly when the house will sell. It could sit on the MLS for months before finally finding a buyer for it. Selling right away to a direct buyer can potentially save you a fortune in holding costs. Imagine, no longer having to pay for utilities, property taxes, homeowners insurance, landscaping services, HOA dues, or property maintenance. Since you know you will be closing quickly, you will be able to plan ahead, a luxury most people don’t have when listing their homes with a real estate agent on the MLS in Phoenix.
Avoid Repairs and Upgrades
When you work with a cash buyer in Phoenix, the house will typically be sold as-is. This means you won’t have to make any repairs up front to get the house ready for the MLS. Nor will you be asked to make repairs to the property after an offer is made and a proper inspection has been done as with a traditional sale. You won’t need to add upgrades to the house in order to compete with other properties on the market in Phoenix. With a cash buyer, they’ll be ready to buy your house fast, as-is.
No Property Showings
You won’t need to invite strangers into your house for open houses nor keep it clean for property showings that can often happen with little notice based on other people’s schedules. People will be driving by your house, see the for sale sign, and want to schedule a showing right away. You want to attract as many potential buyers as possible, so you will need to be accommodating to all showing requests, whenever they may be. If your house takes a while to sell, keeping the house showing-ready can be difficult for many owners, especially larger families who simply have more people and therefore more stuff! Many homeowners will pay to have their homes professionally staged in an effort to attract more buyers, however, this adds even more to the costs you are paying upfront, and it doesn’t guarantee a sale. When you work with a cash buyer, they will buy it quickly, eliminating any further showings of your home and limiting your costs.
Save Money On Commission Costs
When you work with a direct buyer in Phoenix, you won’t have to hire or pay a real estate agent to help you sell your house. Commissions run somewhere around 6% of the final sale price. This can equate to thousands of dollars once the house is officially sold. Factor this in when you are deciding whether to hire a Phoenix real estate vs. working with a cash buyer to sell your house fast and without all the fuss. When you add up the commissions as well as all of the other costs you may face when listing like staging or repairs, you could be looking at a pretty substantial sum of money, all of which could be saved by selling your house with a cash buyer in Phoenix.
End Your Holding Costs
Owning a house is expensive. While the house is listed, you will need to keep the utilities on whether or not you are living there while it’s on the market. You will also have to continue paying the homeowner’s insurance premiums as well as your property taxes. You are responsible for the taxes until the house has officially closed. This could be several months when selling your house in the traditional way. You should also factor in routine maintenance, extra cleaning costs, and all of the other costs miscellaneous costs homeowners face when owning property in Phoenix.
If you have a house in need of repair or if you need to sell your house fast in Phoenix to avoid foreclosure, working with a cash buyer may be the perfect solution for you. They can close fast, save you money, and they will help you to sell your house in Phoenix as-is.