What Does Selling My House for Cash Mean?

How familiar are you with the different options out there for selling your house? Everyone knows about working with a local real estate agent to list your home and sell it on the market. Many are familiar with the seller doing all the legwork themselves, often referred to as FSBO, or for sale by owner. Selling for cash isn’t quite as familiar to many homeowners. Do you know what it means?

Lower Closing Costs

Closing costs are a normal part of selling a home. They include things like attorney fees, account fees, and lender fees, among others. Those costs are often split between the buyer and the seller, with the seller often paying for a significant portion (thanks in no small part to being the profiting party). Selling your house for cash could see your closing costs lower. Cash buyers don’t use lenders, so there won’t be any lender-related fees to pay. Some cash buyers, like Minnesota Home Guys, will even cover all the closing costs so you don’t have to pay a penny.

Faster Closing Time

Lenders take time to decide if any given mortgage is worth financing. They check things like buyer credit and the home’s appraised value. Closing with a traditional buyer who uses a lender can take 30-60 days. Selling for cash could save you time because there is no lender involved. Any of the checks they require may no longer be necessary. Minnesota Home Guys is especially good at closing quickly–in as little as 7 days.

Less Hassle Selling

It’s important to understand that not all cash buyers are the same. They tend to fit into one of two categories: investors who will use the properties they buy to make money and those who made enough from selling their old home to pay for their new one in cash. Some investors, like professional home buying companies, are so good at what they do that they make selling your home incredibly easy. Professional home buying companies like Minnesota Home Guys require very little from you as the seller. Start by contacting them to tell them about your home. Set up a time for them to see your home and review the offer you get within 24 hours. From there, pick your closing date. When it’s time, meet up, finish up the paperwork, and get paid. It doesn’t get more hassle-free than that.

Selling your house for cash means something different than selling it on the market. Don’t just focus on making a profit when you sell your home. When you choose to sell your house for cash to Minnesota Home Guys, expect to save money, sell faster, and stress less. We want to make selling your home as easy as possible. Let us make that happen for you.

Do you want to sell your Lakeville house for cash? Minnesota Home Guys is ready to make you an offer! Click here to get started today!

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