Four Benefits of Selling a House for Cash in Memphis

The housing market has been in constant flux for many years, prompting many homeowners to want to sell quickly. In many such cases, the benefits of selling a house for cash outweigh the advantages of other sale methods.

When looking for cash home buyers in Memphis, TN, Pyramid Properties can shorten the search. We give reasonable offers while paying in full cash to help you get your home off the market. From our experience in the industry, here are four benefits you can experience from selling your home for cash.

#1. Fast Purchasing Process

The home-selling process can take six to nine months or more through traditional means. Even after someone agrees to buy the home, they may rescind their decision for various reasons:

  • Purchase anxiety
  • Circumstance changes
  • Lengthy inspection times
  • Lender application issues
  • Contract contingency disagreements

A cash buyer, especially under a company, will usually purchase the home as-is without the lengthy lending processes. If you accept a cash offer, you may have to fill out less paperwork and can acquire your funds faster.

#2. No Middlemen

Usually, when you’re selling a house for cash, you want as much of the money as possible. Selling through traditional means usually involves hiring realtors, paying commissions, and fulfilling closing costs. 

However, a cash purchase usually means all the income goes directly to your account. Because you don’t need a realtor to help, you don’t have to pay the extra fees for hiring one. 

#3. No Repairs or Inspections Necessary

Tennessee law doesn’t require home inspections, but a potential buyer may pay for one. The buyer may look elsewhere if the inspector finds anything unpleasant or needs repairs, which can be particularly challenging when selling a fire-damaged house. Such processes can keep a home on the market for longer than desired.

One of the benefits of selling a house for cash includes the lack of repairs or inspections needed. Instead, a reputable cash buyer will view the home and make an offer for the property within 24 hours. The traditional route can take days to complete with the numerous reviews and clearances necessary.

#4. Less to No Hassle

If you want to avoid making mistakes when selling your house, you may want to try a cash-only sale. A home seller can make many mistakes during their attempts, such as:

  • Adding too much emotion into the sale
  • Taking poor-quality advertising photos
  • Trying to sell their property in the winter with a shrunken market

However, a cash purchase occurs quickly, eliminating the heavy emotions that go into the long-haul sales attempts. You usually only need to provide basic information about the building. After a quick viewing outdoors, the buyer makes their offer.

The Takeaway

The benefits of selling a house for cash may give you the funding boost you need to make other financial decisions quickly. 

Pyramid Properties seeks out and buys properties in and around Memphis, TN. We also know various real estate tips, like selling a house during probate or avoiding trouble with mortgage payments.

If you want a quick cash offer for your Memphis property, call Pyramid Properties LLC at 901-504-5555 today.

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