Cash Offers vs. Traditional Home Sales: Which is Faster in Clarksville, TN?
If you have found yourself searching online for “ways to sell my house for cash in Clarksville, TN,” then you must have come across cash offers and traditional home sales in your search. Both options have their pros and their cons, but ultimately the best option will be according to your specific situation and your needs.
If you are specifically looking for a cash offer for your homes in Clarksville, TN then a cash house buyer may be your best option. However, when working with one you must be sure that they are reliable and able to provide you with actual cash offers. Gateway House Buyers has been serving the Clarksville area for years now, and they have built a reputation as an incredibly reliable cash buyer.
Cash Offers
A cash offer is made when a buyer purchases your property outright. The purchase is sometimes known as an all-cash transaction as the purchaser does not require any financing.
Pros and Cons of Going With A Cash Offer
One of the biggest benefits home sellers get when they work with a cash buyer is how fast the closing process is. On average, it normally takes two weeks for the entire process to be done. This is because in general there is no need for an appraisal to be done on your property. Appraisals can sometimes take several weeks to be completed and once they are done the offer could be lower than you expected, adding further delays to the whole process. On top of that cash offers don’t usually include contingencies, meaning your property won’t have to meet certain conditions before it can be sold. This greatly expedites the whole buying process and allows for a quick and easy sale.
However, there are also some cons you need to consider. For starters, sometimes the offer might be lower than you expected and of course, there’s always the possibility of a scam. That is why it is so important for homeowners to do their research on the buyer and make sure they can offer you cash for your property.
Traditional Home Sellers
Traditional Home selling involves going through the normal channels. Such as using a real estate agent who will then help you place your house on the market and work with you to find the best offer for your home.
Pros and Cons of Going With a Traditional Home Seller
Working with a real estate agent opens your property up to a larger buyer’s pool, this in turn can increase your chances of finding a buyer quickly. On top of that, those that go through the traditional channel might see a higher offer. Still, it should be noted that this can require a considerable amount of time and resources.
The negative aspects are that the closing time can sometimes be a considerable period, with it taking several weeks or even months to finish the house-selling process. This can be very daunting for someone who needs to sell their home fast. In general, real estate agents also take 5% as a commission for their services. This is a large amount of money that goes directly to your agent.
Picking Between Cash Buyer vs. Traditional Home Sales
Both cash buyers and traditional home sellers have their pros and cons, ultimately it is up to the homeowner to decide what is more important to them. In general, those that need to sell their home fast, and want a fair price for their house should go with a cash buyer.
If you have asked yourself “How can I sell my house for cash fast in Clarksville, TN,” then Gateway House Buyers is your best option, call us at (931) 444-1191 and see why we are the best in the area!