What Are the Pros and Cons of Selling My House for Cash?

If you are getting ready to put your house on the market, you may be exploring different options for finding a buyer. One option is to sell your house as-is for cash to a local home buyer in St. Louis, Missouri. A cash sale is a private transaction between you and the buyer. You don’t hire a real estate agent and do not list your house on the market.

Since you are selling your house as-is, no repairs or upgrades are necessary. A cash home sale can be a great option if you need to sell your house fast and don’t have time for a traditional home sale. However, are there any drawbacks to a cash home sale? Below we look at the pros and cons of selling your house for cash to a company that buys houses.

Sell My House for Cash Pros

There are several advantages to selling your house for cash.

1. No Selling Expenses

It can cost thousands of dollars to sell your house if you need to make major repairs. Other selling expenses include realtor commissions and closing costs. Many of these expenses can eat into your profits, making it difficult to get ahead selling your house. A cash sale eliminates these expenses because you don’t hire a realtor, and you don’t have to repair your house. The buyer also pays closing costs.

2. Sell Your House Fast

After you repair your house, show the property, negotiate with buyers, and close the sale, selling your house can take several months. However, you may not have several months to sell your house. A cash sale allows you to close the sale within seven to 21 days, giving you more flexibility to sell your house fast. It’s an ideal option if selling your house is a time-sensitive issue.

3. Sell Your House for Any Reason

You may be unable to sell your house if you are going through financial or legal hardship. For instance, you may need to sell your house fast to avoid foreclosure but can’t find a buyer. When you sell your house as-is for cash, a house-buying company can purchase your house regardless of your situation. They work with motivated sellers in situations like bankruptcy, foreclosure, probate, or divorce.

Sell My House for Cash Cons

With all the advantages of a cash home sale, there are also some drawbacks.

1. Low Selling Price

One of the disadvantages of selling your house for cash is that you will likely have to drop the price of the house. One of the main reasons for this is that buyers are looking to profit off the property at resale, or they will have to spend money on repairs and home improvements. However, you can work with a house-buying company in St. Louis that will not lowball you.

2. Only One Cash Offer

The idea behind a cash sale is that you work with a single pre-qualified buyer who can guarantee the funding for the house. However, you may not have the opportunity to see what people are willing to pay for your house. You may get a higher offer or better-selling terms if you work with multiple potential buyers. Multiple buyers competing for the same house can turn into a more beneficial situation for you.

3. You Could Get Taken Advantage Of

Many cash buyers look for motivated sellers in stressful situations such as foreclosure, bankruptcy, probate or divorce. Cash home buyers know sellers are desperate to unload the property and will take virtually anything for the house. So, it’s easy to get taken advantage of. The best way to keep this from happening is to establish your lowest sale price and negotiate your terms. Also, don’t get desperate or emotional.

Sell My House for Cash in St. Louis, Missouri

If you need to sell your house fast, contact Klamen Real Estate Group. We buy houses as-is in St. Louis, Missouri. Our house-buying company will make you a fair cash offer based on your home’s current market value. To learn more about the benefits of a cash home sale, call 314-721-6800 to get a fast cash offer.

Sell My House for Cash in St. Louis, Missouri

“Where Can I Sell My House for Cash in Missouri?”

Whether you are getting ready to sell your house or it’s been on the market for a while with no prospects, a traditional home sale may not work for you. You may have to sell your house fast due to relocation or financial or legal hardship. If so, a cash sale may be a better option. You can sell your house as-is for cash to a company that buys houses in St. Louis, Missouri. 

You sell your house directly to the house-buying company in a cash sale. You don’t hire a real estate agent or pay realtor commissions. The transaction typically takes seven to 21 days, giving you more flexibility to sell your house fast and walk away with no strings attached. It’s a great way to sell your house if you don’t want to bother with home repairs or improvements.

What Is a Cash Home Sale?

A cash home sale is a real estate transaction in which you sell your house as-is for cash to a home buyer or a company that buys houses. Since you are selling your house as-is for cash, hiring a real estate agent, making repairs, or scheduling a home inspection is no longer necessary. Selling your house is easy.

Step 1: Meet the Buyer

The buyer may want to meet with you or have a preliminary phone call to discuss the house. They may ask you some questions. They may want to make an in-home visit. Afterward, they will assess the property to determine if they want to buy it and how much they will offer. 

Step 2: Get a Fast Cash Offer

If the buyer is interested in buying the property, they will make a cash offer. They will buy the house at a discount on the property’s fair market value. A reputable cash home buyer will not try to lowball you. Instead, they will try to create a win-win situation in which they can make a profit, and you can get out of your mortgage quickly. The buyer will typically make an offer within 24 to 48 hours.

Step 3: Get Paid Cash

The final step in a cash home sale is to accept the offer and close the sale. Unlike a traditional home sale, where closing can take nearly two months, you can close a cash sale in as little as a week. Every home buyer has a different process for closing a home sale. They have in common that they want to close the sale quickly, so you don’t have to wait.

How Is a Cash Home Sale Different from a Traditional Home Sale?

There are several ways a cash home sale differs from a traditional one. 

• The transaction is directly between you and the home buyer – no realtor.
• You make no repairs or home improvements to the property.
• You don’t have to schedule a home inspection or appraisal.
• Closing a cash home sale is faster than a traditional home sale. 
• You can sell your house for any reason.
• You work with a single pre-qualified buyer.

In a traditional home sale, you must make repairs, list the house on the market, hire a real estate agent, stage the house, meet with several potential buyers, negotiate with buyers, and close the sale. The process can take as long as six months. If you need to relocate or get out of your mortgage quickly, a traditional home sale may not work for you. 

A cash home sale solves the problem. You can sell your house for cash regardless of your reason – bankruptcy, foreclosure, probate, divorce, downsizing, new job, military relocation, rental house. You have the flexibility to get out of the mortgage if facing a difficult financial situation such as late mortgage payments.

Sell My House for Cash in St. Louis!

If you have a property you need to sell quickly, we can help. At Klamen Real Estate Group, we buy houses as-is in St. Louis, Missouri. We can assess your home’s market value, make a fair cash offer, and close the sale fast. Call 314-721-6800 to get a fast cash offer from a company that buys houses in Missouri.

How Do I Sell My House Fast in St. Louis, Missouri

The best way to sell your house fast in St. Louis, Missouri, is to work with a company that buys houses in Missouri. A house-buying company makes a fast cash offer. If you accept the offer, you close the sale with the buyer without a real estate agent. In most cases, you can close a cash home sale in as little as seven to 21 days. 

In a cash home sale, you eliminate all the steps you normally have to take in a traditional home sale. You don’t have to make home repairs. You don’t have to hire a realtor. Plus, the closing process is much faster. So, you can sell your house quickly and walk away without strings attached. A cash sale is a great option if you are going through foreclosure, divorce, bankruptcy, probate, or relocation.

How Long Does It Take to Close on a Sale with Cash?

A cash home sale typically takes one to two weeks to complete. Let’s compare the timeline between a cash home sale, a traditional home sale, and a For Sale by Owner.

Traditional Home Sale

How long does it take: 60 to 90 days

The average traditional home sale takes 60 to 90 days to complete. It takes up to three months to sell your house from the time you put it on the market until you find a buyer who signs a contract. Keep in mind that the timeline does include home repairs or the closing process. Altogether, the process can take up to six months by giving the buyer the keys and signing the paperwork. 

Why does a traditional home sale take so long? Consider the process.

• Hire a realtor.
• Schedule an inspection/appraisal.
• Make home repairs or home improvements.
• Stage the home for sale.
• List the home on the real estate market.
• Show the house to multiple buyers.
• Negotiate the terms of the sale with a potential buyer.
• Agree to the offer.
• Close the sale.

Each of these steps can take several weeks or months to complete. So, do not be surprised if closing the sale takes at least six months.

For Sale by Owner

How long does it take: six to 12 months

A For Sale by Owner (FSBO) can take twice as long as a traditional home sale. In an FSBO, you assume 100% responsibility for selling your house. That means you are in charge of getting the house ready for sale, promoting the house, negotiating with buyers, and closing the deal. 

Why does a For Sale by Owner take so long? Once again, consider the process.

• Schedule an inspection/appraisal.
• Make home repairs or home improvements.
• Stage the home for sale.
• List the home on the real estate market.
• Show the house to multiple buyers.
• Negotiate the terms of the sale with a potential buyer.
• Agree to the offer.
• Close the sale.

Notice that the only step missing is hiring a realtor. At the same time, you may save money on realtor commissions. It will take nearly twice as long to complete all the above steps because you are doing them yourself. Plus, you have to be highly motivated, have lots of time on your hands, and be a superb negotiator to sell the house for your asking price. 

Cash Home Sale

How long does it take: seven to 21 days

In a cash home sale, you work directly with a company that buys houses in Missouri. So, you automatically eliminate the real estate agent. The company assesses your home’s market value and makes a cash offer. If you accept the offer, you schedule a close date with the buyer, get paid cash, and walk away without strings attached.

Why does a cash home sale take only a few days? Consider the process

• Contact the company (or the company contacts you). 
• The buyer makes a cash offer.
• You accept the offer.
• You and the buyer close the sale.

A cash home sale is fast because you eliminate most of the steps you have to take to sell your house in a traditional home sale or FSBO. You schedule no inspections and make no repairs. You work with a single committed buyer instead of multiple potential buyers. The buyer takes care of the closing process. 

Sell My House Fast in St. Louis, Missouri

If you need to sell your house fast in St. Louis, Missouri but can’t find a buyer, contact our house-buying company today. Klamen Real Estate Group can assess your property’s value and make a fair cash offer within 24 to 48 hours. Call 314-721-6800 to get a fast cash offer.

We Buy Houses in St. Louis

Are you getting ready to put your house on the market? If so, you may explore options for selling your property as fast as possible with the least hassle. So, if you need to sell your house fast and don’t want to bother with a traditional home sale, your best option is to sell your house for cash to a company that buys houses. At Klamen Real Estate Group, we buy houses in St. Louis, Missouri.

Our house-buying company has worked with dozens of home sellers in the St. Louis area. We have helped sellers escape tough situations such as foreclosure, bankruptcy, and late mortgage. We can also help you with your selling situation. Learn more about how we buy houses in St. Louis, and help you save time and money on your home sale.

What Does ‘We Buy Houses for Cash’ Mean?

If you are like most home sellers, you’re probably considering a traditional home sale. You hire a realtor, list your house on the market, get a few offers, find a buyer, and close the sale. While that’s the most popular way to sell a house, it may not work for you. 

A better option may be a cash sale with a house-buying company in St. Louis, Missouri. But what does ‘We buy houses for cash’ mean? What is a cash home sale?

Several characteristics of a cash home sale distinguish it from a traditional home sale.

You Sell Your House As-Is

To compete in the real estate market, you must make home repairs or improvements. Significant repairs can cost you thousands of dollars. In many cases, the ROI may not be enough to make the investment worthwhile.

In a cash home sale, you don’t have to make any repairs or improvements to the property. Since we buy houses as-is for cash, you sell the house in its current condition with no strings attached.

Sell Directly to the Cash Home Buyer

A real estate agent can be valuable in a real estate transaction. They can guide you through the process and perform many tasks you would otherwise have to undertake. However, a real estate agent earns five to six percent commission off the top of your home’s sale price. You lose thousands of dollars, which comes out of your profits.

You work directly with the buyer when you sell your house to a company that buys houses in St. Louis, Missouri. You don’t have to hire a real estate agent to broker the deal. The buyer makes a cash offer and closes the sale with you.

Sell Your House Faster Than Normal

A traditional home sale can take 60 to 90 days to complete. You’ll also need to spend additional time preparing the house for a sale and close the sale afterward. Closing a house sale can take 30 to 45 days. 

If you need to sell your house fast and don’t want to wait several months, you can sell your house directly to a cash home buyer and close in as little as one to two weeks. 

Sell Your House Regardless of Your Reason

If you are going through a legal or financial hardship, you may not be able to sell your house when or how you want. For example, foreclosure or bankruptcy can stifle your plans to sell your house quickly. Your job plans may derail if you can’t find a buyer due to a damaged or old house.

You have greater flexibility in a cash home sale. Working with a house-buying company allows you to sell your house for almost any reason or situation: foreclosure, bankruptcy, divorce, probate, new job, downsizing, etc. 

We Buy Houses As-Is for Any Reason

At Klamen Real Estate Group, we buy houses as-is for cash. We can assess your property, make a cash offer, and close the sale of your house in as little as seven to 21 days. You make no repairs and pay no closing costs. Call 314-721-6800 to get a fast cash offer on your house.