Can You Save Money by Selling Your Home to a Cash Buyer?

People like to talk about how much they want to sell their homes for. What they don’t talk about as much is what they pay to sell their homes. Did you know that you can easily end up paying tens of thousands of dollars to sell your home? That’s a lot of money that gets taken out of your profit margin. Selling to a cash buyer could help you save that money instead.

Save on Repairs

If your home needs repairs to get a good price when you try to sell it, you can easily spend several thousand dollars on repairs and home improvement projects. Floor repair can range anywhere from $500-$3,000 easily. Rewiring a home can cost $2,000-$9,000. The average kitchen remodel costs between $12,567-$34,962. The average bathroom remodel costs about $10,000. As you can see, the cost adds up fast. You could save that money if you sell to a cash buyer. Not all cash buyers will buy houses that need repairs, but professional home buying companies like WNY Home Buyers have zero problems buying homes that need some work.

Save on Commissions

Many buyers and sellers use real estate agents to help them with real estate transactions. Commissions are how they get paid. Some cash buyers don’t use them though. Home buying companies like WNY Home Buyers don’t use real estate agents though. That means you can save that 3-6% of the sale price of your home that would otherwise go to agents. That alone can save you over $10,000.

Save on Mortgage Payments

Making mortgage payments is a normal part of being a homeowner. The faster you get your home sold, the fewer mortgage payments you have to make on your home. Selling faster, like you can with a cash buyer, could mean the difference between making mortgage payments on two houses at the same time. Now that’s some significant savings.

If you want to save money when selling your home, selling to a cash buyer could be the solution. Remember that not all cash buyers will offer the same opportunities to save, so choose your buyer carefully. For maximum savings, consider selling your home to a professional home buying company like WNY Home Buyers.

Do you want to save money when you sell your East Amherst, NY home? WNY Home Buyers is here to buy your home and save you money! Click here to get started today!

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