Should You Sell To A Cash Buyer, Or Renovate and List your Home Through A Realtor? 

Should You Sell To A Cash Buyer, Or Renovate and List your Home Through A Realtor? 

If your home is in less-than-stellar conditions, then this question is likely on your mind. The “sticker price” for a newly renovated home sold to the general public is, without a doubt, a bit higher than the price that you will get selling to a cash buyer. However, it’s not always clear whether the tremendous amount of work and the substantial amount of money that go into renovating a home are enough to justify this higher sales price or not.

Complicating matters further, not everyone has the amount of cash on hand that is needed to complete complicated renovation projects. And even if you do renovate, can you really be sure that your home will sell within the time frame that you need to sell it in? Cash sales do tend to be much faster, after all, and depending on your circumstances, this could be a very important point to consider.

Here at Blue Marble Properties, we purchase homes quickly and with cash-only payments. Because many of our potential customers are hesitant about selling to a cash buyer, we have compiled this quick list of the top four reason to sell to a cash buyer rather than listing with a realtor.

1. Less Up-Front Investment. Renovating your home can mean a bigger payday when your home has sold — but it requires an initial investment that can be challenging for many homeowners to make. Especially if you are selling your home due to financial distress, then spending more money in order to make repairs could be entire unfeasible. If you don’t have access to the money you need to make your home a viable option on the market, then selling to a cash-only investor could be the right choice for you.

1. Less Work. Apart from the financial costs, home renovations also require homeowners to invest a great deal of time and energy. Many people are unwilling or unable to put so much effort into renovations, especially for a home that they don’t even plan on living in.

1. A Faster Sales Process. There are many circumstances that can force homeowners to sell within a short timeframe. Financial distress, foreclosure, divorce, job relocation, and completing the purchase of a different property are a few of the most common reasons why homeowners may need to sell their house quickly. If you find yourself in a time crunch, then waiting to complete renovations may not be an option. In such circumstances, a cash only property investment company may be able to help you make a sale quickly.

1. Less Potential Complications in the Sale. Apart from renovations, there are many additional factors that can complicate the sale of a home to a traditional buyer. For example, your buyers could get denied a mortgage, your home could fail inspection, official deadlines can be missed, buyers can back out of a deal, or you may simply fail to find a buyer at all. Making a short sale to a cash-only buyer eliminates the risk of these complications.

Looking to learn more about selling to a property investment firm? Visit Blue Marble Properties online today for more info!