When you decide to sell your home, you have several options, including the traditional method and selling your home for cash. Selling your home for cash is a simpler process and offers several advantages. Take a closer look at how the two methods of selling your home vary on some key points. Then, you can decide which method is best for you.
Condition of the House
While you could sell your home with the traditional method without making repairs, this is typically not financially savvy and will severely limit your buying pool. Instead, you would have to spend thousands, if not tens of thousands, on potentially time-consuming repairs before you could list your home.
By contrast, selling your home for cash is an as-is sale. In other words, you don’t have to waste time fixing up the property or making repairs. Companies will purchase your property even without them and simply deduct a fair price for the repairs from their offer.
The Likely Money You Will Receive
While every situation is different, you are frequently likely to get a slightly lower offer when you sell your house fast for cash than selling it in the traditional way. This comes from several factors, including the lack of market competition and the fact that most people who sell their home this way are willing to accept a lower offer in exchange for a fast sale.
Essentially, you exchange the convenience and speed for a small difference in price. You should also keep in mind the concept that “time is money” and that you will not have to waste time on repairs.
Convenience of Interactions
Selling a home the traditional way will involve fixing up your property for pictures and waiting until a buyer shows interest in it. You will likely have to leave your home for several hours at a time multiple times over the course of months, depending on how many showings it takes for your real estate agent to find a buyer.
By contrast, selling your house fast for cash is highly convenient. Also, you can complete the entire process remotely, without any need to travel to a specific location or leave your house for showings. All you do is call the company in question and give them details about your property. They will give you an offer, and you can choose whether to accept it. The best companies make no-obligation offers and let you close your home on your timeline.
How Long It Takes
As mentioned, it can take easily take months to sell your home if you opt for the traditional method. While this is fine for some people, it is far from ideal if you need money in your hands or already want to move into a new property.
By contrast, you can sell your house fast for cash in Las Vegas in a matter of days or weeks. At the same time, there is no rush. Plus, when you sell your home for cash, the top companies will let you choose the closing date, even if it is a few months out.
Choosing a Closing Date
The other aspect of timing to consider is choosing that closing date. When you sell your house fast, the best companies will give you the flexibility to choose when you want to close. This lets you make it fit your schedule. By contrast, if you sell your home in the traditional way to a buyer, you will need to find a compromise for the closing date. You may feel forced to close sooner or later than you want, potentially even before you have new housing lined up.
The Bottom Line
If you can afford to wait to sell your home, then a traditional sale is the best way to get a high offer. However, if you want to sell your house fast, choose your closing date with minimal restrictions, not have to make repairs, and be able to complete the process remotely, selling your home for cash is ideal. After all, the best home buying companies make you an offer without any obligation, so you can always decline the offer if you feel it is too low.
If you want to learn more information on how you can sell your home fast for cash in Las Vegas, call our team today at (702) 718-0555. We can provide you a cash offer within minutes or you can simply fill out our form and we’ll get back to you shortly!