When it comes time to sell your house fast in South Carolina, you have more options aside from working with a realtor. One of them is selling your home as-is for an all-cash offer. While this type of sale isn’t for everyone, it does make sense for many sellers.
What is a Cash Home Sale?
A cash sale is a quick and easy process. A cash buyer looks at your home and makes an offer based on its location, condition, and what comparables on your block are selling for. If you accept, you can start the closing process right away because there is no need to wait for bank financing.
Cash home sales are also as-is, meaning that the buyer will purchase your home in its current condition. The benefit to you? You’re not responsible for any repairs or improvements as you would be in a traditional sale. This is a huge relief for people with distressed properties.
The only way to know for sure what type of sale is right for you is by doing your research. Speak with a realtor, get a cash offer from a house buying company like Sell Your Home Upstate and compare the two options. Once you account for realtor fees and commissions, you might find that the numbers are close!
Situations that Benefit from Cash Sales
Selling a home can be stressful, time-consuming, and expensive. If you have a home in great condition and don’t mind waiting for the right offer to come along, working with a realtor is probably best. But, if you don’t have the means to improve your home and prefer a quick sale, selling your home for cash in South Carolina is worth checking out.
Here are seven situations that tend to see the most benefit from a cash sale.
1. Inherited properties
Did a family member leave you property as part of your inheritance? If you’re not planning on living in the home, or you don’t care to rent it out, you can sell it for cash.
Inherited homes tend to need a lot of work because their owners are older and don’t do as much to maintain and update them. Unfortunately, this makes them difficult to sell. Rather than using your own money for repairs and maintenance, you can sell the home for cash and use your inheritance for something else.
2. Distressed properties
Today’s buyers want move-in ready homes. If your home is distressed in any way, you’ll need to put in the work to fix it up or sell it at a steep discount. Fortunately, a reputable cash buyer will make a fair cash offer on your property. This way, you can put your money into this next chapter of life.
Also, it’s good to know that inspections aren’t necessary for cash sales. So, if the idea of a home inspection is making you anxious, you’ll find the cash sale process to be much simpler. Still, it never hurts to freshen up the home, mow the lawn, remove stains from carpeting, etc. to get a higher offer.
3. Separation or divorce
If you’re going through a separation, chances are, you want to sell the home as quickly as possible. Until this happens, one or both of you are left paying the mortgage and utilities, maintaining the home, and working with a realtor. To avoid a long real estate process, a cash sale is a smart alternative. You can sell the home for cash and split the proceeds.
4. Unwanted rental properties
Cash buyers will happily purchase rental properties as well – even if the previous renters left behind significant damage. In fact, this is a common reason why people call our cash buyers. There’s no reason to spend thousands of dollars fixing up the rental if you don’t care to own it anymore.
5. New job offers
Were you recently offered a new job? This is an exciting venture, but it can be stressful as well, especially if you weren’t expecting to relocate. For a quick move, you can sell your home for cash. Not only will you be able to start fresh, but also you’ll have money for a new mortgage or security deposit.
When you stop making payments on your mortgage, it doesn’t take long for the pre-foreclosure process to start. In South Carolina, the courts handle the foreclosure process, which takes an average of 4 to 6 months. However, you can sell your home anytime before it’s auctioned off. This allows you to sell your home for cash and use the proceeds to pay off the balance on your loan.
7. Water damage or foundation issues
Big problems like water damage or foundational issues are often deal-breakers for buyers. Most people aren’t interested in taking on these problems themselves. But cash buyers are different. They have a network of contractors who can fix these problems quickly and affordably.
Selling Your Home for Cash in South Carolina
Not all home buying companies are the same, so it’s important to do your research, read the online testimonials, and ask questions. At Sell Your Home Upstate, we buy homes in South Carolina in all conditions and price ranges. We want to buy your home, too!
Our cash offers are always free and no obligation, so give us a call to see what we’ll offer on your property. When you compare our offer with what you’ll get in a traditional sale after paying realtor fees, closing costs, etc, you’ll probably find that the numbers are similar.
Ultimately, this is your home and we want you to do what’s best for your situation. But we want you to know that we are here for you and that if you are facing any of the above circumstances, we can help. To schedule a free, no-obligation cash offer, contact Sell Your Home Upstate today.