When selling your home, it can be hard to know what your best option is. Should you list your home on the market, go to foreclosure, or sell it for cash?
Here are 5 reasons you should sell your house for cash in York County PA.
Prices Are Increasing
It is no secret that prices are increasing in York, PA! Many times people think they are going to leave money on the table when they accept a cash offer, but the reality is, in York, PA, investors are going to pay more than they ever have to acquire your property! With the prices continually going up, you may actually make more money on your property than you originally thought! On top of this, the Covid-19 pandemic has made it even harder for investors to purchase properties, so homeowners are accepting higher cash offers than they did in 2018 and 2019.
Is your house run down now? Are you concerned about inspections or contingencies on your property? If you sell your house for As-is in York, you will not need to worry about the hassle involved in the retail buying and selling process. Oftentimes buyers will not even make an offer on a house if they cannot perform an inspection. When you sell your house as-is, there are no worries about finding hidden damages that could cost upwards of $10,000!
Something not many people think about when they sell their home on the market is the 6% buyer and seller fees. 3% goes to the seller’s agent and 3% goes to the buyer’s agent. This can add up to A LOT of money! If you sell your house for $200,000 there will be $12,000 in agent fees! When you sell your house for cash, there are no fees! The number you see is the number you get to take home!!
Oftentimes when someone needs to sell their home they need to sell it quickly. You just simply don’t have time to clean your house to show it to potential buyers. When you accept a cash offer, you are able to close on your house in as little as 10 days! You do not have to wait on mortgages to get approved, appraisals, inspections, or showings! This process can take over 50 days and sometimes longer! Accepting a cash offer will allow you to close on your own time.
No Hidden Fees
Owning a home can be expensive. When you factor in the utility bills, property taxes, insurance costs, maintenance, miscellaneous repairs, and landscaping, just owning the home is costing you money. That’s why we call these “Hidden Fees”. They are the costs that you are paying the longer you hold the house. You also have to consider the costs involved in closing on the house as well. This would include appraisal fees, closing fees, and taxes. When you accept a cash offer, you do not have to pay any of these fees! These are included in the offer.