Selling your home for your downsizing requirements
Moving into a smaller home might not seem the most desirable option for homeowners but downsizing your home would provide you with a few ways to cash in and go ahead with your life. There are certain circumstances in life where downsizing could be a rather profitable option for you. If you have a super spacious home which is too huge to maintain, selling it off and moving to a smaller house can make a lot of sense. The proceeds from the home sale would be more than sufficient to buy a new house just as nice in a less expensive part of the town or in a new town altogether.
Advantages of Downsizing
If you are keen on downsizing then selling your big house is the simplest way to go about it. A part of the cash you are going to receive from the sale can be used to make the down payment on your new home. However selling your home through a realtor can be a costly, time taking and tricky process. Most real estate agents would charge 6% of the sale price as commissions. Moreover a realtor can never guarantee a quick sale and it generally takes a few months’ time to find a buyer who has ready cash to pay you off. Listing your house with a real estate might lead to months of waiting before you get the money in your wallet. Besides, you’d also need to paint your home and repair it if you are looking forward to lure in the buyers. Rather than spending money on repairs and real estate commission you can just opt for a short sale to a cash buyer.
Why choose a cash buyer?
A cash home buyer has got all the money to pay you for your home and close the deal. Being home investors, they don’t need to wait for months to qualify for a loan for purchasing your house. They don’t charge any commissions and fees and they are always ready to buy your house in ‘as is’ condition. This means that you don’t have to repair or clean your home before their nominated appraiser visits your place and determine its value. You can always expect to receive top dollars even if your home is ugly or damaged. All you need to do is contact them and schedule an appraisal of your house. They would come to your house at a convenient time, determine its value and make a no obligation cash offer. Now you just have to accept the offer and wait for a week or two before you get the money in your account.
Advantages of Downsizing
- Downsizing your house would free up a good deal of money which can be used in whichever way you want to. For instance, after selling your house you can buy 2 small houses with the money and live in one and rent the other one.
- Downsizing would inevitably lower your monthly expenses. Moving to a smaller house automatically implies less maintenance cost and lower utility bills. You can choose to save the extra money for your children’s education or for future investments.
If you are keen on downsizing then selling your big house is the simplest way to go about it. A part of the cash you are going to receive from the sale can be used to make the down payment on your new home. However selling your home through a realtor can be a costly, time taking and tricky process. Most real estate agents would charge 6% of the sale price as commissions. Moreover a realtor can never guarantee a quick sale and it generally takes a few months’ time to find a buyer who has ready cash to pay you off. Listing your house with a real estate might lead to months of waiting before you get the money in your wallet. Besides, you’d also need to paint your home and repair it if you are looking forward to lure in the buyers. Rather than spending money on repairs and real estate commission you can just opt for a short sale to a cash buyer.
Why choose a cash buyer?
A cash home buyer has got all the money to pay you for your home and close the deal. Being home investors, they don’t need to wait for months to qualify for a loan for purchasing your house. They don’t charge any commissions and fees and they are always ready to buy your house in ‘as is’ condition. This means that you don’t have to repair or clean your home before their nominated appraiser visits your place and determine its value. You can always expect to receive top dollars even if your home is ugly or damaged. All you need to do is contact them and schedule an appraisal of your house. They would come to your house at a convenient time, determine its value and make a no obligation cash offer. Now you just have to accept the offer and wait for a week or two before you get the money in your account.
