Are you in the process of selling your house? For homeowners, this usually means either selling on the traditional market, selling for cash, or selling off-market. With rising borrower interest rates and low housing inventory, cash home sales are on the rise. And according to Redfin, a third of all US homes were bought with cash offers in the past year. So, what exactly does it mean to sell your house for cash, and why should you consider it? Let’s look into the benefits, compare cash offers to financed ones, and walk through the process of selling your house for cash in Ft. Worth.
What are some benefits of cash offers?
Selling to a cash home buyer in Ft. Worth can come with many benefits. Some of them include:
- A quick sale: Cash offers often lead to faster transactions, allowing you to sell your house in a matter of weeks, not months. According to the NAR (National Association of Realtors®), a delayed closing affects 22% of all home sales.
- Fewer contingencies: Cash buyers typically don't require home appraisals, which simplifies the selling process and reduces the chances of an appraisal gap or the sale falling through.
- A simple closing: With cash offers, you don't typically need to worry about bank delays or financing-related issues. Even when a lender is involved, cash offers are typically pre-approved, which means that the loan has already been funded.
Benefits of selling your Ft. Worth house for cash
The decision to sell your house for cash depends on your individual circumstances. You may want to consider selling your Ft. Worth house for cash if you prioritize:
- Speed: If you need to sell your house quickly due to downsizing, job relocation, or if you have a complicated property sale, accepting a cash offer can provide you with a swift solution.
- Saving on upfront costs: A lot of cash buyers let you sell your house “as is” for cash. Selling your house "as is" to cash buyers means you don't have to invest in repairs or renovations. You are also able to reduce or eliminate appraisal and agent fees when you sell your house for cash.
- Simplicity: Cash transactions are streamlined, which eliminates a lot of the complications and time constraints that come with including third parties like lenders, appraisers, underwriters, and attorneys. You get to reduce the amount of paperwork and documentation that’s required.
Who buys houses for cash?
When you’re ready to sell your house for cash, there are three main types of buyers who pay cash for houses:
- House flippers: These buyers are small businesses or individuals who purchase properties that need improvement with the intent of refurbishing and reselling. When working with Ft. Worth house flippers, it is a good idea to learn their recent purchase history and get proof of funds to verify legitimacy.
- iBuyers: As investors that work exclusively online, iBuyers can make a property valuation immediately for any house in the United States, regardless of physical location. This is possible through their online value estimator tools available through their websites. While they provide ease of access, they also charge a fee for their services, which can amount to 6% of your home sale price.
- Cash home buyers: Cash home buyers are typically individuals or companies that buy houses for cash. Most cash home buyers offer a quick turnaround time and provide a streamlined closing process. Some cash buyers let homeowners sell their houses “as is” for cash, which makes the home-selling process even easier. When choosing a cash home buyer, it is important to read online reviews and check with the BBB (Better Business Bureau) to confirm their legitimacy.
Want to sell your house “as is” in Ft. Worth?
If you’re looking to sell your Ft. Worth home fast for cash, avoiding repairs is likely a top priority. We buy houses "as is," so you don’t have to worry about meeting the inspection standards of FHA or VA loans. We Buy Ugly Houses can be your off-market home buyer when you're ready to experience the benefits of selling your house without listing it on the traditional market. We make it simple with our easy 3-step process:
- Get a free consultation: In the first step in our process, all you need to do is call us or contact us online to schedule a free, in-person consultation. At a time that’s best for you, one of our local property buyers will come over to assess your house, including its features and condition, explain our process, and answer any questions you have.
- Receive a fast, convenient offer: Once we’ve made our initial visit, we can make a no-obligation offer. We work fast, which means that we can sometimes provide you with our offer on the same day we come over for our consultation. Our no-obligation offers are based on comparable local home sales, as well as the current condition of your property and its features, in addition to other factors. We buy houses in many conditions, which means you can sell your house “as is” without worrying about repairs, renovations, or even cleaning.
- Schedule a fast closing: If you do accept our offer, we can set a closing date. We can sometimes close in as little as 3 weeks, but we work with each homeowner individually to facilitate a closing schedule that works best for their selling situation. We pay all typical closing costs and don’t charge any commissions or hidden fees.†
Selling your house with We Buy Ugly Houses in Ft. Worth offers a range of advantages, from speed and upfront selling cost savings to a simplified transaction process. When you're ready to take the next step, We Buy Ugly Houses can make your home-selling process smooth and efficient. Don't wait—contact us today to schedule a free consultation to sell your house fast in Ft. Worth.
This blog is for informational purposes only and should not be considered legal advice.
