Did you know that more Americans feel stressed about selling a home than going through other stressful life events like losing a job or planning a wedding? It’s not hard to see why, either. Traditional home sales can involve substantial investments of time, money, and effort. If you’re in a situation where you need to sell quickly, it can be even more overwhelming.
Fortunately, selling your home to a cash buyer can make the entire process much easier and faster. At Columbia Redevelopment, we buy Portland homes in any condition for cash. By working with us, you can skip the hassle and stress of getting your home ready to sell and hoping it closes successfully and on time.
Here are 5 benefits of accepting a cash offer when selling your home!
1. It’s a simple solution for difficult situations
People sell their homes for many different reasons. If you’re dealing with financial hardship, going through a difficult life event like a divorce or the loss of a loved one, or if your home is not in good condition, you may need to sell quickly and affordably.
Selling to a cash buyer like Columbia Redevelopment can streamline the entire process so you can focus on whatever circumstances you’re dealing with without distractions or extra stress.
We buy homes for cash from all types of sellers in all selling situations, including:
2. It involves less risk
Sellers regularly spend upwards of $10,000 on repairs, improvements, and staging alone before putting a home on the market, all in the hopes of receiving multiple offers.
But these potential buyers are almost certainly working through the financing process. If you accept an offer and your buyer’s financing falls through, you may have to start the whole process over, which is expensive, time-consuming, and frustrating.
A cash offer guarantees you’ll get your money — and that you’ll get it on time. It’s a much less risky option.
3. There’s no need for contingencies, inspections, or appraisals
Selling your home can feel like a series of unfortunate events. Maybe your buyer isn’t able to sell their previous home in time. Maybe your inspection reveals a pest or mold infestation. Maybe your appraisal comes in at a lot less than your accepted offer. These kinds of issues are expensive and frustrating, and they can lead to sudden delays that take months to resolve.
Unlike traditional home sales, an “as-is” cash offer from a reputable local investor involves no contingencies, no inspections, no costly repairs, and no home appraisals.
4. It’s a faster closing process
Traditional real estate transactions are complicated and take lots of time. Depending on your situation, this might be time you don’t have.
Maybe you need to relocate quickly for a job. Maybe you inherited a home you don’t want. Maybe you’re struggling to pay your mortgage or just need the money now. Whatever the reason, our process can help you sell your home quickly and easily:
- We’ll visit your home and evaluate your property.
- We’ll make a cash offer within 24 hours.
- If you accept our offer, you’ll choose a closing date and we’ll deposit $10,000 earnest money into your account.
- Closing takes 2-3 days and we’ll provide you with all the paperwork you need.
- The title company will transfer the proceeds to your account on closing day!
5. There are no real estate commissions or closing costs
Accepting a cash offer from a local real estate investor isn’t just more convenient and quick. It’s also significantly less expensive.
In a typical transaction, you can expect to pay about 6% of the home sale price in real estate agent commissions and about 2% in closing costs. So for example, if you’re selling your home for $300,000, you could expect to pay $18,000 in commissions and $6,000 in closing costs.
Selling your home for cash means you don’t have to worry about these costs eating into your profits!
Sell your Portland or SW Washington home for cash!
Even in the best of circumstances, selling a home is stressful and time-consuming. With other financial hardships and/or life complications to worry about, it can be truly overwhelming. At Columbia Redevelopment, we’ll buy your home for a fair cash price regardless of your situation or the condition of the property.