Home buyers want your Baltimore home and the reasons will make your wallet happy. Learn why your house is worth selling for cash.
Why You Should Sell Your Baltimore House For Cash
Selling a house is more complicated than most people think. It generally takes much longer than sellers expect as well. Between preparing a house for the market, giving tours, negotiating with sellers, and waiting for closing, it could take you several months.
However, there is another option. Would you believe us if we told you that you could sell your Baltimore house for cash in just a few days?
The question you need to answer is whether or not selling your house to Maryland home buyers is the right choice for you. We're here to help make the decision easier. Keep reading for the top reasons you should consider selling your house for cash.
Save Thousands On Repairs and Renovations
Did you know that between realtor fees and renovations, most home sellers spend over $21K getting their homes ready for the market? The problem is that not everyone has that kind of money. And even if you did, do you really want to invest it into a house you're planning on selling?
Furthermore, what if your Baltimore house needs too many repairs? If you can't afford to make repairs, updates, and renovations, selling your house in the traditional real estate market is going to be tough. It could take months just to get a single offer.
Conversely, Maryland home buyers like The Legacy Investment Group will buy homes regardless of condition. If you need to sell Baltimore real estate as-is, we will give you a free cash offer.
Don't Worry About Hiring a Realtor
If you're selling your home traditionally, there's nothing wrong with hiring Baltimore realtors to help you out. They have excellent contacts and valuable industry experience and insight.
However, you should know that most realtors charge anywhere from 3-6% commission to sell your house. Additionally, sellers often end up paying for their realtor fees and the buyer's realtor fees. In other words, you could be paying 6-12% just to sell your home.
To put things into perspective, the average home value in the US is $375,000. If you sold your home for that price, you would be paying between $11,250 and $22,500 in realtor fees.
Skip Home Inspections and Appraisals
When selling Baltimore real estate traditionally, sellers must have their homes appraised and inspected. A home inspection will identify any damages or issues with the home that potential buyers will want to know about.
This process is practical and not overly expensive. However, it often takes two or more weeks to schedule an inspection. If you're trying to sell your Baltimore house as quickly as possible, you might not have that kind of time.
Home appraisals are similar. They exist to provide both the buyer and the seller with an up-to-date valuation of the home in question. Unfortunately, these also take several weeks to schedule.
Forget About Home Tours and Open Houses
If you want to sell your Baltimore house in the traditional market, the process includes giving private home tours and hosting open houses. If you have a realtor, they typically handle all of this for you so you don't have to interact with buyers directly.
Yet, every time someone wants a tour of your home, you'll have to interrupt your plans to leave the house and go somewhere else. After the first few tours, this becomes quite tedious.
When you sell to cash home buyers like The Legacy Investment Group, there will be only one tour. We'll come out to inspect your property and give you an accurate cash offer. After that, the rest is up to you.
Enjoy Fast and Secure Closing
One of the biggest perks of selling your Baltimore house for cash is the fast and secure closing process. If you sell your house traditionally, the closing process takes a minimum of 30 to 45 days. During this time, the buyer can opt-out or become disqualified for their home loan for any number of reasons.
For example, they might get cold feet about buying the house and bail at the last moment. Conversely, they might make changes to their financial status, which could disrupt or cancel the underwriting process. Anything from charging up a credit card to changing jobs could create an issue.
If the buyer falls out or becomes disqualified, you would be back at square one. You'd have to relist your home, find new buyers, negotiate the sale, etc.
When you sell to cash home buyers, the closing process is guaranteed. More importantly, we can close in as little as three days. If you want to push the closing day out a while, you can choose the exact date.
Get Out of a Sticky Situation
Finally, let's talk about the homeowners who can benefit most from selling to cash home buyers. In some cases, selling your Baltimore house as quickly and painlessly as possible is more than just a luxury, it's a necessity.
For example, if you've fallen behind on your mortgage and the bank is threatening to foreclose, selling to us could save you a lot of trouble (now and in the future). A foreclosure is sure to tank your credit score for years to come.
A quick sale is also beneficial if you:
- Are going through a divorce and need to liquidate assets
- Inherited a home you don't want
- Have a job offer out of town and need to sell your home ASAP
- Have a home that needs a lot of work but you lack time or money
Of course, some people might choose to sell their Baltimore home for cash simply to save themselves the headache of selling it traditionally. As you've seen, selling to cash home buyers can save you tons of time, hassle, energy, and money.
Ready to Sell Your Baltimore House?
As you can see, there are a lot of good reasons to consider selling your house to cash home buyers. Whether you want to save money, time, or energy, we're here for you.
If you're interested in selling your Baltimore house for cash, contact us today at The Legacy Investment Group to get the process started. We'll set up a time to inspect your home and provide you with a fair cash offer. If you like our offer, you select the closing date and we'll make sure you get cash in hand for your home.