You’ve seen all the articles about staging your home, giving it curb appeal and making alterations before selling.
Problem is, you’re not in that boat at all. Your home is a pile of cash with a big lock on it. What you need is a way to open that lock as quickly as possible.
There are companies out there who will pay cash for your house – as in – in Colorado Springs. But how can you know when that’s the right option for you?
Read on for our comprehensive guide to why you should use cash house buyers if you need to move on fast!
You Need to Move Fast
Sometimes, situations in life dictate that we need to realize the cash value of our homes quickly.
It could be that we’ve suffered a financial reversal, lost a job, had a relationship end, suffered a bereavement or are facing an unexpected long-term illness.
Whatever the reason, getting cash for your house can help you to move on with your life more quickly. Whereas traditional sales tend to take several weeks to close, cash sales can often complete within a few weeks.
Considerate companies will work closely with you to make sure you have time to find suitable accommodation before you have to vacate your property.
You’re Behind on Payments
If you’ve gotten behind on your mortgage payments you might be heading for foreclosure. Or you may already be in a foreclosure situation.
If so, it’s good to speak to a cash for houses service. They may be able to stall for the foreclosure process and even make arrangements to cover missed payments as part of the deal you negotiate.
Before simply allowing the foreclosure process to run its course, it’s good to examine this option and see whether it could work for you.
You Don’t Want Hassle
For many homeowners, the thought of doing repairs, let alone the expense, is extremely stressful. Even if you skip the repairs and just go for home staging, this can cost hundreds, even thousands of dollars.
You have to evaluate your situation honestly. Weigh up the pros and cons of getting the work done in order to sell, versus the lower valuation that cash house buyers usually give. It may be that to totally remove the hassle of repairs, getting cash for your house is the way to go.
Make sure that the service you use will definitely buy the house ‘as-is’. That means that there will be no costly repairs for you to undertake – you simply walk out the door, hand over the keys, and the buyer will do the rest.
You’ve Run Out of Cash for Repairs
You may have reached a point in your life where although you’ve had some good times in the house, it’s simply asking more of you than you have to give.
When we need a major repair, such as a new HVAC system, furnace, roof or electrics, it can simply be more than we can afford.
That’s the advantage of a ‘we buy houses for cash’ company. They are willing to take on houses in ‘as-is’ condition. You don’t need to factor in the cost of repairs before the sale, or negotiate with a general buyer who may pull out at the last minute.
They will make an honest appraisal of the home’s value in its current condition and make you an offer based on that. You can usually negotiate this and both parties will be able to agree on an acceptable figure.
You’re Relocating Soon
Sometimes a great job opportunity comes along that’s just too good to miss. The only problem is, it’s in another city or even state.
In order not to lose out, or get into the costly scenario of running two homes, getting cash for your house could be a great option.
That would allow you to be free of responsibilities toward your current Colorado Springs place, while you head out to pastures new with a downpayment in your pocket.
You’ve Inherited Property
While nothing can take away the pain of losing a loved one in death, it is very touching when their love for you is shown by leaving you property in their will.
In many cases, this property may be inherited by multiple family members, with the proceeds being divided among them. Families are often spread across wide geographical areas, and there may be no-one in a position to manage the sale locally.
Cash house buyers can help you all to move on with your lives, with your inheritance. They can take all the hassle of preparing the property for sale and working with a realtor off your hands. You’ll have no further responsibilities and your share of the cash in your pocket.
You’re Facing Bankruptcy
If you’re facing bankruptcy, you may be given the option of releasing the value of your property.
Bankruptcy takes various forms, so speak to your legal advisor to ensure that you meet the terms of the bankruptcy. As your home is usually your biggest asset, you may be forced to sell it to meet the terms.
If so, getting cash for your house may be advantageous, as it can be wrapped up quickly, and allow you to get on with your life.
The Bottom Line: Why Cash For Your House is a Great Option
As we’ve seen, the reasons for choosing to use a company who will pay cash for your house are as varied as the people who call Colorado Springs home!
Whatever your situation, don’t despair if financial challenges mean that keeping your home is no longer an option. Speak to cash house buyers, do your homework and see whether this could be the solution you’ve been looking for.
If you’ve got a house in Colorado Springs you’d like to sell for cash, Bonnie Buys Houses Fast is here to help. We pride ourselves on establishing a win-win situation for both parties.
Contact us today to get the ball rolling!
