With the rising interest rates, shaky financial outlooks and concern of a recession looming, many homeowners are exploring ways to access the capital they’ve worked hard to build up. While selling a home for financial reasons is never ideal, it can be a lifesaver for many. When selling a home off-market to a private cash buyer, you’re able to access this capital much quicker than the traditional home sale route.
When selling a home on the market through a realtor, you should expect (with a pristine home) an offer in about 3-4 weeks. This doesn’t mean you’ll have access to the money at that point, as you’ll have to wait for all inspections, approvals, etc., to take place ahead of the closing date. Upon the closing date, typically around 3 months after the original offer is accepted, you’ll receive the funds–but at that point, you’ll have to pay your realtor their commission, which can be thousands if not tens of thousands of dollars out of your pocket.
When selling to a private cash buyer such as BC House Buyer, you’ll have an offer on your home on the same day as your appointment. Plus, you’ll have the freedom to select a closing date that works for you, which can be in as little as 3 weeks. This means that when selling privately, you can have access to your equity in the same amount of time it takes just to field an offer on the traditional market! That’s not all, though, as you won’t have any commissions to pay when selling privately, as in these transactions both the seller and buyer operate without realtor representation, and thus, do not owe anyone a percentage of the value of the sale of the home.
So, for those homeowners who need quick access to the equity in their home, the fastest, easiest choice is a trusted, experienced private buyer. While this choice may not always be as competitive as the traditional route, the convenience, speed and level of confidence in the transaction is immeasurable, especially in times of great stress and uncertainty.
To explore a private home sale option that gives you access to your equity in as little as 3 weeks, give the experts at BC House Buyer a call to discuss an option that provides convenience, speed and saves you money.