The finances involved in selling your home don’t start and end with you getting paid for your house. There are plenty of expenses involved too. From repairs and regular ongoing costs to commissions and closing costs, multiple things can eat into your profits. Did you know that you could save some of that money by selling your house to a cash buyer?
Skip Repairs
Home repairs can cost you a lot of money, easily over $10,000. If you take on whole home renovations, you can expect that to jump to somewhere between nearly $18,000 and a little over $77,000. That can be enough for a down payment, depending on the house you buy next. Alternatively, you could skip the repairs and save that money by selling your house as-is to a cash buyer. Some cash buyers don’t mind homes that need some work, especially if they’re purchasing your home as an investment property.
No Financing
Cash buyers don’t need a lender to buy your home. They already have the money. Not involving a lending institution could save you money. Lenders have fees and costs associated with doing business with them. Those costs can be included in the closing costs that you pay as the seller. If there isn’t a lender involved, however, there isn’t a reason to pay any of those costs.
Sell Faster
Not only does no lender mean lower closing costs, but it also means finalizing the sale of your home faster. That can save you a lot of money as well. While you’re trying to sell your home, you’re still responsible for paying for things like utilities, your mortgage payment, your home insurance, and property taxes. There are also the ongoing costs of any maintenance needed and any furniture you may have rented to stage your home. The faster you sell your home, the sooner you can stop paying for all of those things.
The chance to save money is one of the potential benefits of selling your house to a cash buyer. If you want to save the most money, however, don’t choose just any cash buyer. Choose a professional home buying company like MS Sell Now. We don’t care about repairs, there aren’t any commissions to pay, and we cover closing costs. If you want to save money and sell fast, we’re the buyer for you.
Are you ready to sell your home and save money? Click here to get your cash offer from MS Sell Now today!