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The Financial Benefits of Selling Your House for Cash

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The Financial Benefits of Selling Your House for Cash

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  1.  Benefits of Selling Your House for Cash

  2. About us Meet the “Property Twins of Cincinnati” Born and raised in Cincinnati, Ohio, Mitch Painter learned the real estate business from his dad, an owner of a local construction company. The basics of building provided a solid foundation and Mitch launched his own business – rehabilitating homes – while enrolled at the University of Cincinnati.

  3. The Financial Benefits of Selling Your House for Cash Many homeowners are opting to sell their houses for cash. According to the National Association of REALTORS, cash home sales accounted for 32% of home sales in January, which is the highest rate since 2014. More people are discovering the advantages of a cash home sale.

  4. Avoiding Agent Fees Getting rid of agent fees is considered to be one of the top benefits of selling your house for cash. In a traditional home sale transaction, you will need to pay a commission to a real estate agent, which usually ranges from 5% to 6% of the sale price. This fee can quickly add up, especially on higher-value homes. Skipping Costly Repairs Another financial advantage of a cash sale is that you can skip costly repairs and renovations. With a traditional home sale, buyers often request repairs or improvements as part of the sale process. Repairs are usually not just expensive but also time-consuming, eating into the profit from your sale.

  5. Eliminating Holding Costs Holding costs are the ongoing expenses that come with owning a property while it’s on the market, including mortgage payments, property taxes, insurance, utilities, and maintenance. When a home sits unsold, these expenses continue to accumulate, potentially eroding your financial gains from the sale. Avoiding Potential Deal Breakers In traditional sales, buyers often come with contingencies that can be dealbreakers. Common contingencies include financing approvals, home inspections, and appraisals. Any issues that arise during this process can lead to not only delays but can even cause the deal to fall through entirely. Cash sales eliminate all the common issues that can derail a deal. Since cash buyers do not need mortgage approvals, the transaction process is usually smoother and more reliable. This can prevent unexpected delays as well as the costs involved in re-listing your home or finding new buyers.

  6. Conclusion Some homeowners are wary about accepting a cash offer, thinking they would lose money. But in most cases, selling your house for cash can offer several financial benefits that can lead to better net proceeds. By avoiding agent fees, skipping repairs, and eliminating holding costs, you can maximize your profit and simplify the selling process. 

  7. Thank you Cincinnati House Buyers 513-445-2274 matt@cincypropertytwins.com www.thecincyhousebuyer.com

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