Selling a house for cash in Las Vegas is an option that makes sense for many sellers. After all, who has the time to find a realtor, deal with strangers coming through the home and go through a lengthy financing process?
If you’re looking for a fast and stress-free way to sell your home, a cash sale may be the ticket to a better future. Here are seven reasons when it makes sense to sell your Las Vegas property to cash buyers.
1. You inherited a property.
The property you inherited may have been a nice investment back in the day, but now it requires a lot of repairs to get it back in good condition. If you don’t want to keep the home, it probably doesn’t make sense to invest money into it. A cash sale allows you to sell your inherited property in its current condition.
2. You’re moving out of Las Vegas.
What if you were offered a new job, but you don’t have time to waste? A cash sale can usually be completed in a week, following an inspection. You can tie up loose ends and start your new adventure with cash in your pocket.
3. You’re behind on your mortgage payments.
If you’ve fallen behind on your mortgage payments but are not in foreclosure yet, you can sell your home and use the cash to pay back your lender. This is a great option if you no longer want the property and feel it’s too hard to catch back up on payments.
4. You’re going through a separation or divorce.
Going through a break-up is stressful enough – don’t let selling the home be another source of contention! As long as you and your significant other agree and have few other assets, you can sell your house for cash in Las Vegas, split the profits and part ways.
5. Your house is located in a bad neighborhood.
Las Vegas is a large city, and like others, it has good parts and bad parts. If your neighborhood is no longer desirable, your home may have decreased in value. While you won’t be able to sell it for top dollar, you can sell it for cash and use that as a down payment to purchase a home in a better neighborhood.
6. You’re underwater in your mortgage.
The housing market is still bouncing back from the 2008 crash, so it’s possible for you to still be underwater, meaning that you owe more on the mortgage than what your home is worth. Rather than throwing money down the drain, an option is to sell the home and pay the difference at closing.
7. Your house requires extensive repairs.
Do you have a fixer upper in Las Vegas? The repairs your home needs may be worth more than what you can sell the home for. At this point, it’s best to wipe the slate clean, sell the home to investors and get cash out of the sale.
As you can see, cash sales make sense for a lot of different reasons. While some of them may not sound like a dream come true (i.e., repaying your loan), the benefit is that you can protect your credit and qualify for another loan. To discuss your options for selling your Las Vegas property for cash, contact We Buy Any Vegas House today.