Pros and Cons of Selling Your Home to an Investor in Columbus

Selling a home is an emotional challenge, especially if you have lived in it for several years. It could be tough to leave a house filled with many fond memories. However, sometimes, you must also learn to move on to new opportunities.

Selling your home in Columbus can take anywhere from 30 to 90 days. But if you don’t want to go through a long waiting period, selling your property to a cash home buyer in Columbus is the best option. You can sell the house within a week, but will they give you a fair price? The following sections outline the pros and cons of selling your house to cash home buyers in Columbus.

No-Obligation Cash Offer

After you decide to sell your home to a cash home buyer, you need to submit your personal and property details. The investor will review your property and present you with a fair cash offer within 24 hours.

The cash price presented by the investor is obligation-free, and you don’t need to accept it if you’re not satisfied. You can analyze the deal and weigh multiple options to see if this is worth going forward.

Quick Closing Guaranteed

If you accept the cash price, you can close in as little as seven days. Sometimes, the investors can close even the same day you accept the offer. A fast sale can get money in your pocket quicker and help you get out of difficult financial or personal situations.

No Commission or Any Other Charges

Working with an agent can cost you a commission that may range from 4% to 6%. For example, if you sell your home for $100,000, you will need to pay a 6% commission of $6,000. You can avoid paying a commission by choosing to sell directly to a real estate investor. Plus, cash home buyers in Columbus will pay your close fee that can cost an additional 1% to 2%.

No Home Inspection or Appraisal

The traditional home selling method involves appraisals and home inspections arranged by the buyer. It can affect your home sale if the appraisal falls through. If the deal falls through, you will need to start over to attract buyers.

You don’t need to go through inspections when you sell directly to an investor. They review your property and present you the cash price within 24 hours.

Cons of Selling Your Home

The cash offer you may receive from a cash home buyer in Columbus may be 1% lower than the market price. However, when you consider the expenses of repairs, commission, closing fees, and other charges, you still can gain a profit from the sale. Consider selling your house fast in Columbus for cash.