A cash offer removes the two things that most often delay or kill a sale: the buyer's loan approval and the lender's appraisal. In exchange, cash buyers usually expect to pay less. Whether that trade is worth it depends on your situation.
When cash makes sense
- You're on a deadline. A foreclosure date, a job start or a closing on another home.
- The house needs work. Homes with roof, foundation or system problems can be hard to finance, and a cash buyer will take them as they are.
- You don't want showings. A rental with tenants in place or an inherited home out of town is easier to sell in one transaction.
What it costs
A cash investor is buying to resell or rent, so the offer is built to leave them a margin. On a home in good condition, that margin is money you could have kept by selling to someone who plans to live there. The question to ask is how much lower the cash number is than a realistic market sale, and whether the speed is worth that amount to you.
Get both numbers before you decide
You don't have to choose blind. Kurt's team markets your home to cash buyers and traditional buyers at once, so you see real offers of both kinds next to each other. Kurt has bought and flipped homes himself, so he knows what an investor will pay and where their number comes from.
The option in between
If what you want from a cash sale is certainty, the guaranteed sale gives you that without giving up the market price first. Your home is listed at full value. If it doesn't sell by the date you agreed on, Kurt buys it at the price you agreed on.* For up to 100% of market value, Kurt pays the difference if it sells for less.*