Why and When to Consider Selling Your House for Cash

keys in front of house - home seller concept for cash home sale

A cash home sale is not the ideal solution for every homeowner looking to move. However, it does make sense in certain situations. If you want or need to move quickly, selling your house for cash will provide a fast and complication-free closing. If you really don’t want to deal with real estate agents and home buyers touring through your home, you may also prefer a cash deal.

Today, we’ll walk you through some of the most common scenarios we see at PropertyLark. These are home sellers who opt to sell their houses for cash because of personal and/or financial reasons:

Financial Distress

We regularly encounter homeowners who are dealing with tough financial situations. They are facing foreclosure or tax default. They recently lost a job or are simply struggling to keep up with mortgage payments and other homeownership expenses. They need to sell as soon as possible to get out from under the financial burden of their property. This is a good reason to accept a cash offer for your house because the cash sale will provide the fastest closing with the fewest potential complications. You don’t have to go through complex negotiations. You won’t have to hire a Realtor®, stage your property, make repairs and deal with an endless parade of buyers. You sell directly to the cash buyer and can close within a couple weeks rather than the normal selling process which takes several months to complete, on average. Get cash in your pocket quickly, pay off your debts and move on with your life.

Need to Move Quickly

There are other reasons why someone might want or need to move out of their house as soon as possible. We see people who need to relocate quickly for work or couples going through a divorce and splitting the proceeds of the sale. We see empty nesters and retirees moving into nursing homes or moving in with their children. The point is these homeowners are in situations where a faster, less-complicated move makes sense. They opt to sell their house for cash and complete their move right away without contingencies and complexities.

Unwanted Property

At PropertlyLark, we often deal with real estate investors who have unwanted investment property that is no longer worthwhile to them or is in an area they no longer want to own. Another “unwanted property” example is an inheritance. Perhaps you inherited property from a family member. It is located in a different area and you don’t have the time or money to deal with it. Maybe the property is designated for sale and the proceeds need to be split between multiple beneficiaries—or the cash is needed to pay off outstanding debts. A cash home sale could make sense to unload the property quickly and then use the cash immediately for other needs.

Seller Privacy

Some homeowners simply value their privacy and don’t like the thought of dealing with a bunch of people during a traditional home sale. They don’t want to hire a real estate agent. They don’t want to invest money in repairs, home staging and marketing. They don’t want a bunch of buyers touring their property and looking around. Then, they don’t want to go through the lengthy closing process with home inspections, appraisals and other steps that can delay or derail the sale. A cash sale can be a great way to avoid all these hassles. You won’t get as high of a selling price, but you will get out of your property sooner and it will be a much less complicated process.

If you are interested in a cash home sale, you can request a no-obligation cash offer from PropertyLark. Simply fill out the contact form on any page of our website to get started and we’ll contact you within 24 hours with a fair cash offer. Sell your house for cash and get ready to move to the next phase of your life!