Pehr G, Gyllenhammer of Volvo coined the phrase “Cash is King” in 1987 after the stock market crashed, according to Wikipedia. And the term is used often today in the real estate industry. The point is there are many benefits to making a cash deal for your home if you find a legitimate company that deals with these types of transactions. That said, following are some reasons to accept a cash offer on your house.
Upfront Money
A We Buy Homes Austin deal means you’ll receive all cash for your house. You can then use the money to pay off any leftover debts, buy a condo or even invest it. The choice is up to you.
Eliminate Selling Hassle
By receiving somewhat less for your house, a cash-dealing company can prevent you from having to clean and stage your house on a continuous basis. Instead, you can spend more time with your family and friends.
Expert Advice
Companies that offer We Buy Homes Austin deals are usually comprised of experts who have years of experience in the real estate industry. They know all the procedures involved in getting the necessary paperwork prepared for the sale. However, you may want to hire a lawyer to protect your interests.
No Repairs
Repairs can be expensive, especially if you have to replace an air compressor or furnace. And a traditional buyer may expect this if the home inspection warrants it. It also takes time to repair drywall, windows or locks, which detracts from other things you need to do.
Forgo Appraisals and Home Inspections
Your We Buy Homes Austin representative will not expect you to pay for an appraisal or home inspection. Appraisals alone can coss $300 or $400, according to Angie’s List. These cash buyers already know the value of your home, and they’re ready to make a deal.
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