When you are selling your home in Georgia, it’s difficult to know exactly what financing options mean in terms of time, hoops you may need to jump through, and a guarantee of the sale making it through closing. There are many key factors involved in understanding what is best for your current circumstances. Receiving a cash offer for your house may prove to be the best solution for your specific situation.
Cash offers have many, many pros and very few cons, no matter what your situation looks like. Here are 5 reasons you should consider a cash offer for your house in Georgia and how to find the right buyer.
Confidence
The certainty that comes with the cash offer you have accepted is a major reason you should consider a cash offer for your house in Georgia. The weeks, or sometimes months, stressing about making it through closing is no longer an issue because it’s cash. Another positive, there’s no concern about appraising for the loan to value ratio (LTV). This is what lenders use to determine the amount they’ll loan on any given property. Just be aware, a valid cash buyer should be able to show proof of funds to fulfill their offer.
As-Is
Cash deals, especially true with a direct buyer, usually involves purchasing the property as-is. While it’s possible you will realize a little less for your home when you accept a cash offer, you also relieve yourself of a lot of potential problems. If your home isn’t brand new, avoiding the costs and headaches of renovations, updates and repairs are one of the reasons you should consider a cash offer for your house in Georgia. Not to mention, there are risks of discovery after the fact, which could lead to lawsuits over your sale. In most cases, you can simply remove what you want to keep and leave the rest behind, without a final cleaning or any kind. If a cash buyer disagrees with accepting the house as-is, demanding appraisals and inspections as contingencies, they have mostly eliminated the attractive qualities of cash offers. As a word of caution, it’s advisable to contact an independent appraiser to know what all you may be facing, should you decide to follow the traditional path of listing your home with a real estate agent.
Agents
There is never a bad time to seek advice from professionals. However, when undertaking such large financial transactions, there are standards you must meet as the homeowner in your contract with a Georgia real estate agent. These standards come with the services or a real estate agent and can be expensive and time consuming. Among these standards are the horrible, poorly timed intrusions of showings. These are just some of the hurdles that must be dealt with, along with a lot of paperwork, when you list with an agent. Finally, amongst the numerous possible issues tied to listing a home in the traditional method, is the fact that the buyer could be denied financing. You should carefully consider the benefits of accepting a cash offer for your house in Georgia and avoiding all these frustrations.
Expenses
Your finances can be an extremely important reason to consider a cash offer. If the last thing you want to do is dump even more money into your house, this is especially true for you. Traditionally, by listing your home with a real estate agent, that means updating and improving the interior. On top of that, you’ll also need to be concerned with curb appeal. You may even need to make repairs to your home just to pass the inspection. Do not forget the high commissions and additional fees that come with all of that as well. With those hassles, come appraisals, inspections, advertising, and staging your home. If you can’t stay in the home, not only will you be responsible for the costs of maintaining the house while it’s listed, but you will also have the expenses of a second property.
Time
Time can be a motivating factor, so speed is another vital reason you should consider a cash offer for your home in Georgia. Now that you have come to the decision to sell, whether due to a sudden life change, relocation due to employment or just ready to move up or down in square footage, cash offers typically close very fast and offer an advantage of getting around the waiting period with traditional listings. When listing your home on the real estate market, you’ll face the stresses involved in the back and forth, extremely time-sensitive nature of offers and counteroffers in the negotiations over the purchase price. Keep in mind, this is after the waiting period to even get the first offer in.If you are ready to save time, avoid repairs, skip the cleaning, forget about showings, paying high commissions and fees, We Buy The Southeast is here to help. These are just a few of the reasons you should consider accepting a cash offer for your house in Georgia from We Buy The Southeast. To learn more about how we can help you with your property, send us a message or give us a call at 866-987-0072 today!