Selling your house can be quite expensive, especially if you’re trying to afford the costs of a newer, bigger house at the same time. If you have a strict budget for your home sale, a cash buyer can help you to save the money you need. Here are a few examples of how much money you could potentially save by selling your house to a cash buyer. 

Save on Preparations

When you’re selling your house traditionally, you can easily spend a few thousand dollars on the home sale preparations before you even start receiving offers. By the time you take care of repairs, cleaning, staging, photography, listing, and advertising costs, you have already invested a significant amount of time and money into your home sale. While this might be necessary for a traditional home sale, it isn’t when you’re selling your home for cash. With a cash buyer, you can skip all these preparations and go to your buyer directly for an offer. They’ll need some of your home’s information, such as its square footage, age, and location, but they likely won’t need a home tour, and definitely won’t need to see any listings. You should receive your personalized cash offer within 24 hours without any of the preparation expenses. 

Save on Repairs

When you sell your house for cash, you can also save significantly on repair costs. Most traditional buyers won’t purchase your home without extensive repairs and renovations because they want your home to be ready to move into. Cash buyers, on the other hand, will usually renovate the homes themselves after purchase, since they often flip them and sell them for a profit. Most cash buyers, especially cash home buying businesses, will purchase your house as-is without requiring you to spend a single penny on repairs. 

Save on Closing Costs

Cash buyers can also help you to save big on closing costs. When you’re selling your house traditionally, the closing costs can be unexpectedly expensive. After all, your real estate agent commission fee alone often costs tens of thousands of dollars. Luckily, most cash buyers have enough real estate knowledge to work without real estate agents. This will save you from having to pay their expensive commission fees. Cash buyers will also only have the minimal, essential closing costs, and they won’t expect you to pay their portion, as is so common with traditional home buyers.

So, if you’re trying to save money on your home sale, remember to work with a cash buyer. Cash buyers can help you to save on preparations, repairs, and closing costs, which could add up to tens of thousands of dollars of savings. Selling to a cash buyer could help you to more easily afford your dream home.

Do you want to save big by selling your home for cash? Click here to get started today with Flow Property Group!

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