Accepting a cash offer on your house is a personal decision that has both pros and cons.
Getting a cash offer on a house in Atlanta is probably more common than you think.
In the sometimes-frenzied world of Atlanta real estate, cash-for-houses offers are becoming increasingly common. Cash buyers include investors, the wealthy, people with significant savings, and those who have recently sold their property. According to Bloomberg, “In Atlanta, about 53% of homes sold last year were paid in cash, based on Attom data.” That’s more than half the houses sold in Atlanta!
What is a cash offer on a house in Atlanta?
A cash offer is when a buyer offers the home seller the entire cost of the house. Funds are usually sent electronically. Buyers who have recently sold a house and made a good profit are sometimes able to do this. A cash offer on a house is typically attractive to a seller because there is little risk of financing falling through, and it’s a fast transaction.
How is the house-buying process different with a cash offer on a house?
Aside from a speedier closing and generally less risk of financing problems, selling a house for cash in Atlanta entails less hassle than selling the traditional way. There are no real estate agents involved since the house is sold directly to the buyer, which means that you save on commissions. There are also no showings, no open houses, no “For Sale” signs in your yard and none of the stressors that typically go along with a traditional sale.
What kind of homes are more likely to be sold for “cash only” in Atlanta?
High-end luxury homes in Atlanta and investment properties are commonly “cash only” sales. If a house needs repairs or improvements to sell the traditional way, a homeowner may choose to sell for cash to avoid making expensive and time-consuming updates.
A seller who needs quick cash due to financial problems may choose to sell their house with a cash-only house sale because it is generally a fast transaction with fewer delays.
What are the pros and cons of selling a house for cash?
As with anything in life, there are both pros and cons when you sell a house for cash.
Pros:
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Fast closing: For Atlanta sellers who want to sell fast due to financial problems, divorce, or selling an inherited house, selling to a cash buyer is a great option.
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Less hassle: Selling a house for cash is usually a simple process that allows the seller to avoid a lot of the complications and annoyances of selling via a real estate agent or FSBO (for sale by owner). There is no need for listings, photography sessions, staging, or house showings.
Cons:
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Less profit: You may not get top dollar for your Atlanta house if you sell your house for cash because cash buyers may expect a discount.
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Fewer interested buyers: The pool of potential buyers for your Atlanta house will be smaller, as fewer people can pay cash.
How to sell your house for cash in Atlanta
How you sell your house for cash depends on your situation and priorities. If you wish to sell your house for cash in Atlanta, market it to investors and people with considerable savings. Be sure to price your house competitively and be certain that you’re dealing with a reputable individual—unfortunately, there are some cash house-buying scams in Atlanta. A fantastic option is to sell directly to We Buy Ugly Houses®, a highly trusted company that buys houses in Atlanta.
Not only does We Buy Ugly Houses in Atlanta give fair cash offers and close fast, but we also buy houses “as is,” meaning you don’t have to make any repairs or updates, or even clean it up! We charge no commissions, have no hidden fees, and pay typical closing costs. We make selling your house for cash easy with our streamlined process and excellent customer service.
Simply contact us for a free, no-obligation consultation at your house. Our friendly, local Atlanta property specialist will take a tour and explain the process. It’s important to remember what questions you want to ask, so have a list ready. Frequently, we can give you a fair cash offer the same day. If you accept our offer, we can often close the deal in as little as 3 weeks, and we pay cash.
Know you can trust We Buy Ugly Houses® in Atlanta.
We Buy Ugly Houses isn’t a fly-by-night cash house buyer; we’ve been in business since 1996 and have bought over 150,000 houses. We have a 95%* customer satisfaction rating and excellent reviews. Contact us and take the first step in selling your house for cash in Atlanta.
