Selling your Indianapolis home to a cash buyer? Don’t skip this post!

Here’s the truth: purchasing a home is a HUGE choice. At the end of the day, you want to feel comfortable and confident with your purchase, therefore there are several factors to take into account. 

The same thing happens when it’s time to sell your home. Most people overlook this but it goes through the same excruciating process, especially when you are selling for cash. You have to ask yourself different questions, such as:

Do I want to sell your home quickly or not?

Would I be buying a new house after selling this one?  

Should I spend my funds to do renovations or repairs for a home I won't be living in?

The first stage when selling a home is determining the goal – don’t skip this and remember, everyone has a different one.

Timelines Are Frequently Crucial For Salespeople

Your goal is to sell your home quickly, but what exactly is quick? Three months? Half a year? One year? Thirty days? 

A faster closing is one benefit of selling your home to a cash buyer. In two to four weeks, a normal sale can be closed—that is, signed, sealed, and funded. This is merely because currency is king and since it is simpler, it moves more quickly. 

When cash is not available for payment and traditional financing is required, cash removes all potential barriers that are frequently encountered. Since banks manage traditional financing, they have regulations, restrictions, and other requirements that must be fulfilled by the seller and the buyer before approval. These kinds of requirements can slow down the selling process and even drive away potential bidders, and that's an additional consideration.

A Buyer Is An Equal Partner With A Seller

Do you remember when you were still looking for a home? Remember how easy it is to just walk away when you weren’t interested and go to the next one?

Poor color schemes? 

Unattractive counters?

Noticeable ceiling hole?

These items would usually turn off a prospective buyer searching for their next house. They could not want or know the house, they might not have the funds to undertake these kinds of improvements, or they might be concerned that if one repair is required, there probably will be more to come. These are just chores to be completed for a cash buyer.  Since time, money, and resources are all involved, nothing terrifies cash purchasers. Cash buyers are familiar with what appeals to and trends in the market, how to sell a house quickly, and what it takes to sell to a larger audience.

It can now be an inherited house instead of your own.

What About Homes That Were Inherited?

You don't need or want to maintain and care for another house because you already have your own to maintain and repair.  Since they have been owned and occupied for a long time, inherited homes are frequently older and require more maintenance.  Additionally, inherited homes typically require a great deal of legal work to be obtained, completed, etc. Cash purchasers are experienced with these situations and may handle these matters on your behalf.

Unfortunately, it's a common belief that the only people who would sell their house for cash and at a discount are those who are in a desperate situation. However, none of the reasons mentioned above fit the definition of a desperate seller.  Try asking yourself, "What is my ultimate goal?" You can decide whether or not a cash buyer would be the greatest fit for your needs by doing your homework and weighing your possibilities.

Learn more about selling a home by checking these resources.