How Selling to a Cash Home Buying Company Saves You Money

Sep 06, 2022

You have probably heard that selling your home to a home buying company can save you time, but did you know that you can save money as well? Between repairs, real estate agents, and closing costs, conventional sales are terribly expensive. Luckily, you do have choices. 

They Buy Your Home As-Is

Selling your home as-is saves you all the money that you would normally have to spend getting the house ready to sell. Most repairs and even renovations get a poor return on your investment when you sell. They don’t actually raise the value of your home that much–they simply make your home more attractive to potential buyers and allow lenders to provide the necessary funding. The best thing to do if you want to sell your home but don’t want to lose money on repairs and updates is to sell it as-is to a home buying company.

They Eliminate the Middlemen

In a traditional home sale, there are a lot of middlemen involved. You’ve got the buyer’s realtor, your realtor, lenders, appraisers, and more. When you sell to a cash home buying company you eliminate these middlemen and save money as a result. With a conventional sale, the realtor commissions alone will likely total 6% of the price of the home. And as the seller, you pay all of that. If your home sells for $300,000.00, that is a whopping $18,000.00. Instead of losing out on all of that money, sell your home to a home buying company. 

They Close Fast

Closing fast can save you more money than you realize. With every month that you are waiting on your conventional sale to close you are paying that much more in property taxes, homeowners insurance, utilities, HOA fees, and more. Closing in as little as a week allows you to get out of your payments right away. Plus, most home buying companies will pay the closing costs. This saves you thousands of dollars.

It is true that you will get a discounted price when you sell your home to a direct buyer such as a home buying company. It is still a win-win, though, because you end up saving so much money. Plus, you get to save yourself from a whole lot of hassle! 

Are you ready to sell your home in the Birmingham area and want to save a lot of money? Get your free, no-obligation cash offer and learn more by clicking here . BuyBHM will pay you cash for your house and be ready to close in a matter of days!

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