You may already know that selling your home to a cash home buying company is fast and painless, especially when compared to a conventional sale. What you might not realize is that selling your home to a cash home buying company can save you money as well. Here are just a few of the ways that home buying companies can save you money.
If you are struggling to make your monthly mortgage payments, selling your home quickly is of the essence. Not only do you release the pressure of a massive expense sooner, but you end up paying less in interest, taxes, and insurance. You also reduce your expenditures by eliminating home maintenance costs and utility bills more quickly. Even if you are behind on your payments, you are still eligible to sell your home to a cash home buying company.
Most home buyers are looking for perfection in a home. Not only do they want everything to be in tip top shape, but they are also looking for all the updates as well. Repairs and updates spell MONEY! The bottom line is, not everyone has the cash on hand to get their house in shape for a conventional sale. Thankfully, home buying companies will buy your home as-is. You don’t have to take care of a single repair, remodel, or upgrade. You don’t even have to clean!
With a traditional home sale, the sellers take a major hit at closing. You can expect to pay around 6% of the sale price in realtor commissions alone. That’s a staggering $18,000 on a $300,000 home. Additionally, you should be ready to pay around 2-4% on closing costs. That’s up to another $12,000, gone. When you sell your home to a home buying company, there are no realtor commissions and no closing costs.
In addition to the monetary value of selling to a cash home buying company, there are benefits that you can’t put a price tag on. For example, how do you value the time saved, the invasion on your privacy reduced, or the emotional duress averted? When you sell your home to a home buying company, you save yourself money, time, and a whole lot of hassle!
Are you looking to sell your home as-is for fast cash in the Birmingham area? Buy BHM is here for you. Click here to learn more and to start the process on your cash offer today!