Owning a home in Phoenix is a great asset that can increase in value over the years. But when an emergency strikes, you may need to sell it to solve a financial situation. Although there is a great demand for homes in Phoenix, it can be challenging o sell your home quickly because of lengthy procedures and long waiting periods. If you need cash fast, it’s essential to explore alternative selling options like cash home buyers in Phoenix.
You may have several concerns regarding how to work with investors. The following guide will help you understand the pros and cons of selling your home to cash home buyers in Phoenix.
On average, it takes about three months to sell a house in Phoenix, even after finding a potential buyer. The lengthy waiting period is attributed to the traditional procedure. Selling your home to an investor eliminates those hassles. You can get cash in your pocket within seven days. It’s simple, quick, and transparent.
No Commission and Closing Fees
With the traditional method, it’s not easy to sell a house fast in Phoenix without the help of a real estate agent. Agents charge a commission of up to 6% that can eat up your profit. But when you sell your home directly to cash home buyers in Phoenix, you can avoid paying commissions and closing fees.
No Repairs Needed
Before listing your home, you have to get it ready. You will need to spend money on painting, repairs, and renovations. A curb appeal is also important when selling your home in a traditional way. But cash home buyers will buy your house in any condition for cash. It saves you the trouble of having to take care of repairs and cleaning. You can leave your home as-is and get cash within seven days.
Complex paperwork and frustrating negotiations are part of the home selling process. It can be time-consuming and quite intimidating, especially if this is your first time selling a home. Investors eliminate the stress by offering you a no-obligation offer within a day and letting you close in a week. They facilitate a simple process that is easy to understand and transparent. They will take care of all of the paperwork and any related legal issues.
Cons of Selling Your Home to a Cash Home Buyer in Phoenix
Because the investor will have to spend money on repairs and remodeling your house, the offer price will be slightly lower than the market value. However, you can still earn a profit by avoiding repairs, commissions, and closing fees. The investor takes all the risks of real estate market fluctuations, and you walk away with cash in your pocket.