While considering your options for selling your home, the decision can be overwhelming. Should you list it on the market to attract potential buyers? Is foreclosure a better option? Or should you pursue an immediate cash sale of your property?
Here are 5 reasons you should sell your house for cash in St. Louis MO.
Prices Are Increasing
It’s common knowledge that prices are on the rise in St. Louis, MO! A lot of people might assume they’ll lose money if they accept a cash offer, but the truth is investors will pay more than ever to get your property here in this city! Prices increased exponentially throughout the Covid-19 pandemic and you may end up earning much more out of your property than expected! On top of this, the Covid-19 pandemic has made it even harder for investors to purchase properties, so homeowners are accepting higher cash offers than they did prior to the pandemic. Although, home prices in St. Louis have started to level off recently and even decrease in some areas! So act quickly and get a fair cash offer for your property while the market is still at its peak!
As-Is
Have you been living in a run-down home for some time now? Are you dreading inspections or contingencies related to your property? If so, then selling your house as-is in St. Louis may be the perfect solution for you! Bypass all of the hassle and stress associated with traditional retail buying and selling processes without compromising on value. Selling your home as-is can be a great option if you want to avoid any surprise costs that could arise from an inspection. Many buyers may not even consider making an offer on a house unless they have the opportunity to inspect it, but when selling as-is no such issues need to be considered, so there’s no risk of being hit with costly repairs bills in excess of $10,000!
No Agents
Many homeowners overlook one critical factor when they list their home on the market: the 6% buyer and seller fees. When you sell your home for cash, the number that’s offered to you is exactly what you’ll get. That means no agent fees! If, however, you decide to go down a more traditional route with an agent involved in the process of selling your house – which can be advantageous but also costly – expect up to 6% in commission fees split between both agents. For instance, if one were to list their property at $200k then they’d face upwards of $12k going towards paying those who have assisted them on their journey.
Time
Are you needing to sell your house quickly? Cleaning it for potential buyers can be a time-consuming process, but if you accept an offer of cash instead, that timeline is drastically reduced. You could have the deal closed in as little as 7 days! No need to wait for mortgages, appraisals, inspections or showings – a process that can take over 50 days or longer! A cash offer means you get to close on your own schedule.
No Hidden Fees
Possessing a home may be expensive, and that’s why we name these “Hidden Fees”. Property taxes, utilities, insurance payments, repairs and landscaping add up quickly; the longer you remain in your abode the more money it will cost you. Fortunately there are ways to mitigate such costs by shopping around for competitive rates or engaging in regular maintenance of one’s property. Not only must you consider the cost of buying a house, but also the expenses associated with closing on it. Think appraisal fees, taxes and closing costs; all of which will be waived when you accept an all-cash offer. In fact, such offers typically include these conditions in their offering price!