” Cash for houses” is a term that’s been gaining a lot of traction in Tacoma, and for good reason. This option is ideal for anyone looking to sell their house quickly in Tacoma and move on. Real estate investors and companies have made the process of buying your home for cash extremely fast so you can avoid the long-drawn-out process and get a fair cash offer for your house today. They will also usually give you an as-is cash offer, which means you won’t have to fix a thing. I wish I could do that with everything in life.
Why should you consider selling your house in Tacoma for cash today?
Here are just a few great reasons why you should consider selling your house in Tacoma for cash today:
- Speed – No more waiting around and hoping that someone will maybe buy your house. The process of selling your house for cash can literally be done in a few days. No, I’m not joking – and I’ll tell you why some people need to sell their house this quickly in the ‘Who’s This Option Actually For’ section below.
- As-Is Purchase – If your home is in complete shambles (like the photo I plopped below), it’s not an issue at all. In fact, they would prefer that it’s like this. Skip the Home Inspection section and sell your house to Tacoma cash home buyers!
But like I was saying, some of these situations are: facing foreclosure; stressful time in their life [e.g. divorce/separation from a spouse, recent death in the family, overbearing and inconsiderate landlord, etc.]; being told by their real estate agent that their house is ‘unsaleable’; and bills and taxes that are just weighing down on them. Heck, you should even consider this option if your commute is too long, you have annoying neighbors, or you’ve recently received a new job in a different state (or country – who knows).
This is just to name a few, but if you have any ‘urgent’ changes that need to occur, you may want to consider selling your house for cash to a real estate investor or company that buys homes for cash in Tacoma today.
- No Need for Repairs – Don’t feel like getting that annoying toilet handle fixed or finally painting that room you’ve been postponing since last year’s Super Bowl? That’s completely fine. The buyers will fix it all up for you.
- Guaranteed sale
Understanding Cash Home Buyers
Cash home buyers are people or companies with enough cash on hand to buy the property outright. They do not need to go through the approval process to get a loan for the house. These buyers are often another line of business in their own right.
Contact the company to express your interest in a possible sale. Not everyone who buys houses “as is” will be able to offer you cash upfront for your property. They may need to secure financing first. This is fine. It is not atypical. It could, however, lengthen the timeline to sale completion.
This is a legitimate business interest. It should not require any hardball or snarky sales techniques. Any companies that try to pressure you into making a decision that doesn’t feel right for you are not the kind of companies with which you want to do business. Reputable companies will not pressure you for a decision. They will be honest and straightforward, like anyone you want to be involved in your business and personal finances.
Pros of Selling Your House for Cash
One thing people love about cash sales is that they can happen much more quickly than a traditional sale. Instead of a buyer trying to get a loan from a mortgage lender, a process that can often lead to stress and delays, when a seller has a cash buyer, they’ve got someone who can actually close in a matter of days. For sellers in a hurry to get places sold (and out of town), a cash offer can be a boon.
Another thing that sellers often love? The chance to sell your house “as is.” Instead of having to lay out the cash yourself to go ahead and get your foundation repaired or your ceiling fixed (or any of the other fixes that mortgage companies typically want to see done before they’ll give a buyer a mortgage), when you have a cash buyer, you can probably get away with letting the buyer worry about any fixes that the house needs.
Then there’s the all-around simplicity of a cash sale. No having to argue with mortgage brokers about contingency upon contingency. If it works for the cash buyer, it’s probably already going to work for your bank, too.
Worried that your buyer will back out at the last second? One of the major perks of a cash sale for the seller is that you don’t have to worry about your would-be buyer’s bank declining to give them a mortgage if it decides to get too persnickety about the results of the home inspection.
Cons of Selling Your House for Cash
Cash offers on your house will often be less than market value. Cash buyers are typically investors and others who are looking for a good deal and can close without the hassles of a traditional bank loan. Still, though there’s a lot to be said for the “pigeon drop” here–don’t get rooked by a slick cash offer that isn’t taking into account savvy comparative market analysis, “the comps”!
Not every buyer has got cash! Sellers may want to maximize their net overall by opening up their house to all potential buyers. Investors out of the equation = more competition among more buyers. Better-connected means more offers. A bigger offer “pool party” means a better pool!
Some “cash” buyers may not have any cash, at least not enough backing to be able to demonstrate with confidence that they can close on a deal. How do you suss out these junk sellers? Often, a “BS” meter, and avoiding “blue sky” teasers in the first place. Remember, you are sitting in the house you’re selling. It’s worth $$$. Get proof of funds.
Comparing Cash Sales to Traditional Sales
Cash sales close fast. You don’t have to list your property, have an open house, and negotiate offers. You might be able to close in a week. Why? No need for your buyers to get a loan approved or have any inspections — all the stuff that can take a painfully long time. All while you have to make double mortgage payments along with other living expenses, etc. It’s a situation no one wants to be in. Traditional sales can take months.
Traditional sales cost more. That’s, uh, kind of obvious. But let’s break it down. You have to make the house “shiny”: new paint, new baseboards, maybe even a new kitchen, etc. It’s expensive. You have to pay a commission. The average commission in Tacoma is about 5%-6%. Of course, that is thousands of dollars off the price. So you stand to make tens of thousands of dollars less than market.
Also…this is all assuming your buyer’s funding doesn’t fall through on the last minute. That’s right. Remember I wrote about the stock market taking a plunge last month (biggest plunge since the COVID crash)? Well, the volatility of this world market is making it so interest rates right now are sky high. And bond rates are massively low. Lots of panicky buyers. But the savvy all-cash-buyers are at an advantage. Like I said before, right now, the Tacoma market is “feeling it,” too. So you must be savvy when selling.
Awareness of these things is vital. You have to know what method of selling will work for your house because one method will work to your advantage over the other.
Making the Right Decision
To evaluate whether you should sell your property for cash versus with an agent, you should start by evaluating the condition of your home and the local real estate market. If your house needs a lot of work, it could be to your benefit because you can avoid making the necessary repairs and updates most homes need; also, companies like ours offer a free, no-obligation quote for your house.
Secondly, evaluate your current timeline and urgency. Many people that we speak with are either up against financial pressures or another life event that is causing them to need to sell immediately.
“There are indeed a few potential downsides you should bear in mind.
Firstly, cash offers may sometimes be lower than what you may be able to get for your house through a conventional sale, particularly if your house requires some relatively costly repairs or upgrades. For many people, while they might be able to get slightly more money for their home by selling it via conventional means, this route’s negatives can easily begin to outweigh the positives.
Secondly, it’s simply no fun to have a home to sell, but to not know when it will eventually sell and for just how much money. Trying to sell your home via conventional means is also usually a stressful, not to mention complicated, mix of negotiations and not knowing what’s going to happen next.
So, in other words, you must make the decision that is best for you. Particularly, you must have solutions to a problem home that you can rely on. For most people needing to sell, the best decision also comes with the most consistent decision, for the highest cash price! Solutions that are “iffy” simply don’t work if you need reliability, or need a solution fast.
Final Words
If you own a house and need to sell for any reason, call us today at +1 206-291-6117 (or click here and fill out the form) and we’ll carefully and kindly evaluate your circumstances and your house, without having to get anything from you — completely no strings attached! The reason you might want to work with us is this: While you may be able to get slightly more money for your home by going the “conventional” route, the huge benefits of selling it for cash and super-fast (which can easily make your life far better!) will probably be more than desirable, more than acceptable for you, now.”}