Since the housing market of 2023 isn’t like the housing markets of ’20 and ’21, it’s harder to sell a home for top dollar. Mortgage interest rates are expected to be high for a long time, which puts a big drag on the housing market. Yet even in a depressed market it’s still possible to sell a house fast in California for a fair price.
The key is in avoiding the traditional home-selling method for a more affordable solution. Choosing to sell for cash, for example, is a great option.
Here are five things you should know about selling to cash home buyers in California.
1. Sell Quickly
Selling a home is not easy for every homeowner. Making repairs, staging, getting appraisals, keeping up with paperwork—all of it can be nerve-wracking. A cash home sale, on the other hand, is quick and hassle-free. You can get a fair cash offer from a local investor in California within 24 hours. A cash home buyer will make an offer on your home, and if you accept it they can get the closing process in motion right away; usually it takes less than 30 days to close.
2. Sell Any Time
In a dull housing market, chances are you’re not going to get a high price for your home. But that doesn’t matter! You can sell your home to a cash home buyer in California for a reasonable price whenever you want. A cash home buyer’s offer will be based on a variety of factors. They’ll explain what these are to ensure the process is transparent. And remember: you’re under no obligation to accept.
3. Avoid Realtor Fees And Closing Costs
Despite technological advancements in the real estate industry, realtor commissions haven’t got anywhere. In other words, expect to pay between 3% and 6% of the sale price in commissions if you sell through a realtor. There are other closing costs you’ll have to pay too. A cash home sale has neither—no commissions and no closing costs.
4. No More Fear Of The Sale Falling Through
When you sell a home the traditional way, you’re probably going to sell to a buyer who needs a mortgage or another kind of financing. In this case, an appraisal becomes unavoidable. If your asking price doesn’t coincide with the appraiser’s value, the buyer may not get financing. Then you’d need to start all over again.
In a cash home sale, appraisals never happen, as cash buyers pay for homes outright. They won’t literally pay in cash; they’ll send the money to your bank account or write a check.
5. No Repairs Required
Getting your home ready for the market is a main step of the traditional home-selling method. If your home requires extensive repairs, it can cost you upwards of $10,000. And if you don’t have this kind of money, then what are you going to do?
Cash home buyers in California purchase homes as is, which means you don’t have to do any pre-sale repairs before selling to them.
At USA Cash Offer, we buy houses in California as is and for fair cash. Get in touch with us to get an all-cash offer right away.
Author Bio:
USA Cash Offer is a popular real estate solutions company in the USA that connects home sellers with local investors who pay fair cash for all kinds of properties. Call them and ask: “Can I sell my house fast in California?” They will help you. Visit https://www.usa-cashoffer.com/ for more details.
