About 36% of house sales are completed by cash buyers today. This means you may be in for a deal when you connect with motivated buyers. 

There are some subtle points you need to understand as the seller so that you’re prepared for the process. We’re happy to explain. 

Here are some tips you should know about selling a house for cash. 

1. Know the Benefits

Most people have a reason for selling their homes for cash. Many people go this route to cut ties with a property they can no longer afford, or that has suffered a lot of wear and tear. Others want to sell for cash because time is of the essence. 

Here are some of the benefits you’ll enjoy:   

• It helps you sell a house quickly and without hiring a real estate agent
• You skip red tape like closing costs
• Cash purchases get you money much quicker
• The buyer might cover your appraisal fees
• You get a lump sum of cash

Going to Sell My Houser can also help you if you have a vacant home you’re trying to get off your hands. There are property investment companies you can connect with that purchase homes in any condition. Selling as-is can get a worrisome property off your hands, replacing it with some cash for your troubles. 

2. Consider the Home’s Condition

If you’re going to sell a house for cash, start by assessing the home’s condition. This lets you get an idea of the home price you should expect based on the property values. 

Hire an appraiser to explore the foundation, electricity, plumbing pipes, Heating Ventilation and Air Conditioning (HVAC), and other fixtures. A contractor can also inspect the property for you so that it can change hands without any setbacks. 

3. Vet the Serious Buyers

Start looking for motivated, serious buyers for your home. Advertise the property publicly or field offers from a company that purchases homes for cash. 

You’ll be able to compare these price offers until you can sell the house to the highest bidder. In addition to the price, check the buyer’s background so that you know you’ll be compensated in full and on-time. 

Moving forward with serious buyers will prevent you from wasting your time and will help you get cash in your pocket. A lawyer can help you draw up contracts and hold money in escrow while vetting your buyer and letting the process play out. 

Explore Selling a House for Cash

Selling a house for cash is an idea worth every bit of your time. However, you need to always do your due diligence so that you can find the right deal. 

This might be news to you if you’ve never explored the prospect of selling a home for cash before. Now that you know what to expect, begin taking offers from a few different cash buyers in your city. 

Check out our other articles related to real estate so that you can get the most from any transaction you’re planning.