7 Benefits of Accepting a Cash Offer on Your Las Vegas House
If you’re like most sellers, you’re probably concerned about the time and effort that is required to list your home for sale. On average, it takes 45 to 65 days to sell a home. Of course, if your home needs a lot of repairs, is in a poor location or hasn’t been updated in many years, you can expect the process to take longer.
Fortunately, there is an easier way – selling your Las Vegas home for cash. Accepting a cash offer comes with a wide range of benefits which we’ll cover below.
1. Fast Closing
Cash sales take very little time to close. Las Vegas home buyers are using their own cash to buy your home – not the bank’s. Because of this, they don’t have to wait for the underwriting process, which can take 30 to 60 days. And unfortunately, financial difficulties are a main reason why home sales fall through.
2. Less Stress
Selling a house is a stressful life event. There’s the cleaning, organizing and staging, among other things. When you have a busy family, this can be incredibly difficult. You’ll also need to make repairs and updates to ensure your home is desirable and choose a qualified real estate agent. All of this is eliminated in a cash sale.
3. No Appraisal
Appraisals are not necessary in a cash sale because there is no lender involved. In most traditional home sales, the buyer is getting financing from the bank. To reduce their financial risk, the banks request an appraisal to make sure they’re paying a fair price for the home. If the appraisal comes out lower, the mortgage lender may back out.
4. Less Risky
Cash offers are generally stronger than traditional financing. Even though cash offers tend to be lower than those financed with a mortgage, they are still more attractive to buyers. This is because there is little risk – the seller knows they’ll close faster and be paid sooner.
5. Save on Repairs
Las Vegas home buyers purchase homes in as-is condition. This means you can leave the repairs and maintenance to the buyer. In a traditional home sale, any flaws with your home will be highlighted and you’ll either need to fix them or offer a credit to the new buyers.
6. Eliminate Showings
Don’t want to be disrupted during dinnertime? Not a problem. With a cash sale, you don’t have to market or show your home. A traditional sale, on the other hand, can have people coming in and out of your home at all hours of the day.
7. Pass an Inspection
If you’re worried about passing a home inspection, a cash sale might be for you. Cash buyers expect homes to have flaws, but they know they’re buying them at a discount. Therefore, there is no need to have an inspection to find all the things “wrong” with your property.
As you can see, there are endless benefits to accepting fast cash in Las Vegas. If you’re looking to sell your home as quickly as possible, contact We Buy Any Vegas House for a free cash offer. We’ll be happy to buy your property and help you solve your real estate challenges!