Should you sell your Tampa Bay home for cash?
What is a cash offer on a house?
The most crucial part of any home sale is getting an offer. Without an offer, there is no sale—but not all offers are the same. Getting a cash offer for your home means you get a bid that can often be more secure than a typical offer.
It’s important for any home seller to know that cash offers have been gaining a lot of traction lately.
According to ATTOM, all-cash home purchases have been rising in popularity, and almost 40% of all single-family home sales in the US were the result of a cash offer in 2023.
In fact, 42.8% of home purchases in Tampa were made with cash, as per a report from Redfin.
But why are cash offers on the rise? Should you think about getting a cash offer from a cash home buyer?
What is the cost to sell a house in Tampa Bay?
Cash sales may be more popular for Tampa Bay home sellers due to the increasing cost of selling a house on the traditional market. The cost to sell a house can include:
- Agent commissions
- Inspections
- Staging your home
- Marketing your home
- Title fees and title insurance
- Transfer tax and recording fees
- Property taxes during the selling period
You may also need to pay for:
- HOA fees during the selling period
- Mortgage prepayment penalties
A lot goes into a home sale, and the costs add up fast. In Florida, the total average cost of selling a house is around 11.67% of the sale price, according to Zillow Research data.
Most common ways to sell your house
The cost of selling your house in Tampa Bay depends on how you sell it. The three most common ways to sell a house are to:
- Sell with an agent: The traditional way to sell your house is by hiring a real estate agent. They take care of everything, including putting your house on the market, promoting it, finding buyers, and finalizing the sale. Just remember, besides paying the agent a commission, you'll probably need money for fixing up any issues, sprucing things up, and advertising. While some buyers might offer cash, most will need loans to buy your place, typically individuals or families.
- Sell FSBO: FSBO (for sale by owner) means you sell your house directly, without an agent. You're in charge of everything, from putting it up for sale to checking out potential buyers and dealing with all the paperwork. Usually, people who go FSBO already know who they want to sell to, but don't expect them to pay in cash.
- Sell to a cash buyer: Selling to a cash buyer means you have the ease of a direct sale along with some support and guidance like in a regular sale. With a cash buyer, you can skip all the hassle of marketing, repairs, and showings and instead just focus on getting a cash offer.
Benefits of selling a house for cash
When you sell to a cash home buyer in Tampa Bay, you get the benefits of:
- Less paperwork
- No stress about appraisals
- No buyer contingencies
- No showings, listings, or staging your home
- No commissions or hidden fees
Sell your Tampa, Sarasota, or St. Petersburg house with We Buy Ugly Houses®.
When you want a cash home offer, there are many companies to consider. It’s important to understand how each one operates. We simplify the process by buying houses "as is," meaning your property doesn’t need to meet the inspection requirements of a traditional 30-year mortgage.With We Buy Ugly Houses, you don’t have to spend in order to sell. It’s our job to make selling your house fast, easy, and stress-free. When you work with us, we have a simple, streamlined 3-step home-buying process that lets you:
- Avoid expenses: We don’t charge commissions, and we never hit you with any hidden fees. We even pay all typical closing costs.†
- Sell on your own timeline: When you sell with us, you get a quick closing that lets you move on with your life. If you accept our offer, we will work with you to determine a closing schedule that fits your selling situation.
- Sell your home “as is”: We don’t care if your house isn’t in perfect shape—we buy properties in all sorts of conditions. With us, you have the opportunity to sell your fixer-upper without having to make any repairs or renovations.
We buy houses in many different conditions and situations, and we’ve been buying across the country for the past 25 years.
We’re so good at what we do, we have a 95%* customer satisfaction rating nationwide from happy sellers like you. Read real reviews to see what their experiences were like.
In addition to Tampa, we buy properties in St. Petersburg and Sarasota. We also serve the surrounding communities.
Ready to sell your house fast? Reach out to We Buy Ugly Houses in Tampa Bay today for a free consultation with one of our local property buyers.
This blog is for informational purposes only and should not be considered legal advice.
