7 reasons to sell your house for cash by yourself
Selling your Pittsburgh house can make money, however, selling real estate can be difficult for some homeowners, mainly using traditional real estate methods. Before you sell a house, you should know that there are many checks and balances to sell your house on market. Pest inspection, mold inspection, structural inspection, roof inspection, contingent offers, contingent mortgages, and the list goes on.
Apart from repairs and inspections, you would also have to prepare the home for staging. Potential buyers want a clean and friendly home, and you can showcase your home’s full potential. When closing is done, you would have to wait for another 30 days for all the necessary paperwork.
Most Americans sell their Pittsburgh home with this process. However, there is an alternative, and that is selling your house by yourself. Some people are better off selling their real estate property on their own. If you are selling your Pittsburgh house today, here are 7 reasons, selling a house for cash yourself has benefits.
7 Reasons to Sell Your House for Cash by Yourself
Selling a house yourself doesn’t require repairs
Home repairs | Photo from Freepik
As mentioned earlier, selling your Pittsburgh house involves the process of inspection and getting repairs for your home. According to a 2019 report published by the National Association of Realtors, around $400 billion is spent yearly on home remodeling projects. The study also says that 35% of homeowners would instead move than do repairs.
A significant number of homeowners would instead move to another home than do many home improvement projects for a good reason. Home improvement projects take time, effort, and can be a lot of money to accomplish. For people selling their Pittsburgh home the costs in question might not be covered by the sale of their house while trying to make money on the sale of their house.
One of the 7 reasons to sell your house for cash by yourself is that selling a house yourself won’t necessarily require your inspection and home repairs if you decide to sell your Pittsburgh house to the right buyer. In Pennsylvania, there has been a 33% increase in the price for building materials since the pandemic started. Construction labor has increased by 7.9% and there was a drop in the amount of labor available by 8%. With the increase in building materials and labor performing the upgrades/rehabs the overall projects have gotten a lot more expensive to complete.
With this increase and the additional spikes in inflation rates, some homeowners should consider selling their houses now.
Selling a house yourself doesn’t require staging
Open house | Photo from Freepik
After repairs, real estate owners should prepare their Pittsburgh houses by staging. Staging is the process of preparing the Pittsburgh house for a potential buyer. Real estate staging involves redecorating, rearranging furniture, cleaning, and other home improvements to bring the house to its full potential.
Buyers will visualize their future space easier once a property has been staged, while making the home more move-in ready. Most buyers are looking for a move-in-ready home, which is why staging is necessary. Unfortunately, staging can be expensive because the seller must stage their Pittsburgh home until the buyer signs a purchase contract.
On average, it costs around $1,600 to $2,400 to stage a home. A house has an average of 60 days on the market, and staging costs can be expensive, exceeding the high cost of $2,400 previously listed. Remember, these are just the minimum expenses. It still depends on the living costs, the property size, and the preparation needed for the home.
This leads into the 7 reasons to sell your house for cash by yourself.
Selling a home yourself will free you from many fees
Frustrated from fees | Photo from Freepik
When you use a real estate agent to sell your house, you might have to pay a commission of around 6%. Even so, that may not sound like a lot, and the money goes to pay for many things. But commissions can make a big difference. For example, if you sell a house for $150,000 and pay a 6% commission, you will get $9,000.
This is significant, especially when you add it to the other costs you can’t avoid when using a realtor. Aside from commission fees, another fee you will pay when selling your real estate property with a real estate agent is the closing costs.
When taxes are added in, the average closing costs for a home sale across the country are just under $6,000. But sellers can quickly pay more than twice that amount depending on where the property is, how much it is worth, and other factors. The costs of repairs, staging, and inspections can add up to tens of thousands of dollars that many homeowners don’t have.
Once you sell your house in cash, you will only have to pay as much as possible for these fees. Selling your Pittsburgh house yourself will give you all of the money from the sale.
Selling your house by yourself is faster
Sell a house faster | Photo from Freepik
The traditional way of selling your house in Pittsburgh takes a lot of steps from listing to closing. Some of these steps, like waiting for repairs and closing alone, can last more than 60 days. The worst part is that most of these steps are out of the owner’s jurisdiction. Home appraisals, inspections, buyer walkthroughs, and financing approvals can take months to finish. Let’s not mention contingent sales on another property which adds even more complexity!
Sometimes, a buyer will only be approved for loan and mortgage payments. When this happens, you must go back to square one and look for another buyer again. The time it takes to sell your home is not short. Unfortunately, this will happen when you sell your house in Pittsburgh using traditional means.
Apart from the property’s days on the market, another thing that makes a property sell slower with the traditional means is the time allotted for home repairs and renovations. For people who want to sell their real estate property faster, the best solution you can do is to sell your Pittsburgh home by yourself.
Once you decide to sell your home yourself, you won’t have to endure the slow and grueling process of selling a house in Pittsburgh. Once you choose to sell a house yourself, you can have all the processes required, from listing to closing, in just 30 days or less.
It gets you out of complicated situations easily
One of the worst things that can happen to homeowners in foreclosure. In Pennsylvania, you have 30 days to save your house from being auctioned once the foreclosure letter has been sent. Selling your home using traditional means will require more than the grace period. This is why you should sell the house by yourself.
Another complicated and devastating situation that frequently happens is divorce. Luckily, Pennsylvania’s divorce rates are low, but they do occur. One of the disputes for custody during divorce occurs with a real estate property. One of the best ways to settle this dispute is by selling the real estate property and dividing the profits following a judge’s decision.
Migration can also be improved if you sell your home quickly. Luckily, selling your home is a sure way to have everything you need when migrating.
It gives you convenience
Real estate owners have the upper hand when selling their property themselves. This is because you will sell a home, take care of inspections or evaluations, fix things or set up a stage, and deal with banks, buyers’ agents, and other third parties.
Sell house cash yourself has lesser stress
Selling a house yourself is stress-free | Photo from Freepik
Selling a house on the market can give you less stress because you don’t have to worry about all of the negotiations. Once you choose to complete house repairs while selling the house on market, you should keep in mind that the total selling price of the property covers the expenses for everything needed to get the property on market.
When you sell your house yourself, you have to contact the buyer and accept the cash offer they are willing to give. There are a lot of buyers out there if you decide to sell your house for cash by yourself. The best buyer for your home is a cash house buyer if you plan to sell fast.
Recap on Costs:
This is all subject to the sq ft, price, location, and so on. The numbers are here to give you a general understanding.
- staging $2,400+
- commission $9,000+
- closing costs $6,000+
- rehab $20,000 – $40,000+
- In short, you could pay $47,400 or even more to sell your house that needs updates on the market.
Why sell your house to a cash house buyer?
A cash house buyer does everything mentioned above in this article and quickly.. If you decide to sell your house without the help of a realtor, a cash house buyer will ensure that you get a fair price for your property without compromising your time and effort. With a cash house buyer, you can sell real estate with ease.
Appraising, staging, updates/rehab, inspections, and handling all other aspects of a home sale can be difficult. You don’t have to go through these experiences and difficulties when selling your house to cash house buyers. If you are looking for a cash house buyer in Pittsburgh, the best one you can find is Buys Houses.
Buys Houses is a real estate solutions company that makes it easy for Pittsburgh homeowners to sell their homes. When we buy a house in Pittsburgh, we help the owner get their money quickly by making them a fair cash offer as soon as possible. With Buys Houses, we buy houses fast so you can sell your house to us as-is, and we’ll take care of the rest. If you are interested, you can contact us at 412-561-9833.
If you want to sell your house quickly in Pittsburgh, we buy houses in Pittsburgh, PA as-is and we can give you a fair offer for your house today!