Cash Home Sale vs. Traditional Home Sale: What Is the Difference?
Selling a home today is an expensive, time-consuming process that can drain your resources and leave you feeling like you got little out of the deal. It’s no wonder that home sellers today are looking for an alternative to a traditional home sale. However, few sellers know what home-selling options are available or how to do them.
One option to a traditional home sale that is gaining popularity is a cash home sale. A cash home sale allows you to sell your house fast in Cleveland, Ohio. You can bypass many of the steps required in a traditional home sale. You also avoid common selling expenses such as home repairs and closing costs. You can also skip hiring the real estate agent and avoid paying realtor commissions.
Comparing Cash Home Sale vs. Traditional Home Sale
What Is a Traditional Home Sale?
A traditional home sale is a real estate transaction that involves preparing your house for the sale, hiring a realtor to list the house and manage the sale, and finding a buyer to negotiate the terms of the sale. The realtor manages a good portion of the sale. They can also guide you through the process and negotiate a sale in your favor.
The steps in a traditional home sale involve
- Make home repairs and upgrades.
- Hire a real estate agent.
- Stage the house to attract buyers.
- List the house on the market.
- Comb through multiple offers.
- Find a buyer and negotiate the sale.
- Complete the closing process.
The average home sale takes 60 to 90 days after you list the house. You can add several more days to the timeline for home repairs and closing.
What Is a Cash Home Sale?
A cash home sale is a private real estate transaction between you and a house-buying company in Cleveland, Ohio. The company assesses your property and makes a cash home offer based on its current market value. If you accept the offer, you sign the paperwork and close the deal. A cash home sale is the fastest and simplest way to sell your house as-is for cash.
The steps in a cash home sale involve
- Meet with the cash home buyer to discuss the property.
- Get a cash offer from the buyer.
- Accept the offer and negotiate the terms of the sale.
- Sign the paperwork, close the sale, and get paid.
When you sell your house directly to the buyer, you do not have to hire a real estate agent. You save money on realtor commissions. The buyer also agrees to pay up to 100% of the closing costs, leaving you with little to no selling expenses.
Why Choose a Cash Home Sale Over a Traditional Home Sale?
There are several reasons to choose a cash home sale instead of a traditional home sale.
Sell Your House When You Want
Instead of waiting 60 to 90 days for a buyer, you can close your house in as little as one to three weeks with a cash home sale. You have the flexibility you need to close the sale so that you can relocate or start a new job. You can also sell your house fast enough to handle situations such as a foreclosure, bankruptcy, divorce, or probate.
Little to No Selling Expenses
If you are a homeowner who needs to sell your house fast in Ohio, you may not have the money you need to make home repairs, pay closing costs, or hire a realtor. A cash home sale eliminates these expenses so that you have little to no selling costs.
Work with a Pre-Qualified Home Buyer in Ohio
You might have multiple offers in a traditional home sale. However, many of these offers may fall by the wayside due to a buyer that doesn’t qualify for a long or someone who wants to pull out of the purchase. In a cash home sale, you work with a pre-qualified home buyer who is ready to commit to the purchase. You don’t have to worry about them backing out at the last minute.
Sell Your House Fast to Home Buyers Ohio
If you need to sell your house fast but don’t want the hassle of a traditional home sale, contact Home Buyers Ohio. We buy houses as-is for cash in Cleveland, Ohio. Call 440-490-4600 to get a guaranteed cash offer on your Ohio house.