Traditionally, selling your house is seen as one of the most stressful tasks you will do during your lifetime.
Recent surveys show that more than a third (36%) of homeowners were left in tears due to the process of selling their houses. In fact, one-fifth of homeowners reported that they cried at least 5 times during the process!
Many Americans say that selling a house is more stressful than major life events such as becoming a parent, planning a wedding, or losing their job. For those who have cried, more than two-thirds (70%) say the leading factor has been the uncertainty over the sale price. 69% were most worried about selling within their desired time frame; other common concerns were the need for renovations and the fear that the deal would fall through.
Thankfully, there is another way where you can sell your house fast. Selling your house for cash is simple, quick, hassle-stress, and comes without any hidden fees or the need to complete complicated paperwork.
In this blog post, we will highlight the average length of time it takes to sell your house for cash. We will also look at the overall process and the benefits of selling your house for cash.
How Long Does It Take to Sell Your House for Cash?
Let’s get straight down to it: when you sell your house to a company such as Stewardship Properties, you will get a fair price and we’ll help you to close in less than 14 days. When you opt to sell for cash, there is no need to wait around for months hoping to find a buyer on the open market.
When people decide to sell their house, it’s generally because they wish to start a new chapter. Perhaps they are moving to a new area or they are selling a property that they have inherited from a deceased family member. Whatever the reason, having to put your life on hold for months is not appealing.
When you sell your house for cash, the whole process will be commenced and completed within 14 days (often within considerably less time). That way, you can get on with your life and focus on starting your exciting new chapter.
What Are the Steps?
Here at Stewardship Properties, we simplify the whole process for you. Let’s look at the 4 simple steps to selling your house for cash.
1. Submit Your Address
When you opt to sell your house for cash, the first step is to submit your address. Our team will then give you a call to discuss the various nuances of your property and your situation.
2. Review Our Written Cash Offer
Using the condition of the property as described by you, our team will make a sight-unseen cash offer.
3. Pick Your Closing Date
Once you have accepted our cash offer, you can choose your preferred closing date. Then, simply allow our expert team to handle all of the details, scheduling, and title work. All you need to do is show up and sign.
4. Receive Your Closing Proceeds
When you sell your house to us, there are absolutely no hidden fees to worry about. We don’t charge any commissions or fees. Put simply—what you agree is what you get!
How Does This Compare to the Open Market?
There are many variable factors to consider when looking at the average length of time it takes to close on a house sale through the open market. For instance, it is preferable to sell in the summer months rather than the wintertime. When selling your house for cash, you can sell without hassle at any time of the year.
According to the National Association of Realtors, the typical US house was on the market for approximately 24 days in 2020. It takes an average of 46 days to complete the closing process on a house sale, meaning a total average length of 70 days. Compare this to less than 14 days when selling your house for cash!
Of course, it is worth highlighting that many people choose to sell their house for cash due to their perceived difficulty in selling it through the open market. We buy houses in all conditions, including houses that would struggle to sell on the open market.
Reasons to Sell Your House for Cash
Before we consider the benefits of selling your house for cash, let’s look at some of the common reasons. These include:
- Relocating to a new area
- Vacant properties
- Death in the family/property inheritance
- Delinquent taxes
- Tenant-related issues
Even if your house is currently in poor condition or in need of repairs, we are interested. We purchase a wide range of properties, from single-family houses to large complexes.
What Are the Benefits of Selling Your House for Cash?
Now, let’s consider some of the benefits of selling your house for cash rather than selling on the open market.
It’s Much Faster
As we have already highlighted, it is significantly faster to sell your house for cash than looking for a private buyer. There is a difference of approximately 2 months in the timeframe between both options. If your house is in poor condition, you may find that it is next to impossible to sell it privately.
Many homeowners decide to carry out renovations to their house before listing it, which is not only costly, it increases the amount of time it takes to sell your house.
If you are ready to sell your house and start a new chapter in your life, it can be deeply frustrating waiting for a buyer to be found. As noted in the introduction, this is usually the time when homeowners start feeling the pressure and stress the most.
Selling for cash cuts down the timeframe of each step in the process. For many sellers, the most complicated and lengthy part of the process is the closing stage. When you sell for cash, we take care of all of the paperwork and drastically reduce the time it takes to get your sale over the line.
There Is Less Hassle
If you decide to sell your house on the open market, there are a number of steps that need to be completed. One of these relates to marketing your house to prospective buyers. This may take the form of advertising online, in local newspapers, or with physical signs.
Marketing your house can be a time-consuming affair. Generally, it is advised that you pay a professional photographer to take photographers and videos of your property—organizing this can be time-consuming and there will be an additional cost to factor in.
Selling your house to private buyers comes with a number of risks. The buyers may get cold feet halfway through the closing process or they may be denied a mortgage, which would collapse the house sale. This would put you back to square 1 again.
By selling to Stewardship Properties, you will avoid all of this hassle and stress.
No Hidden Fees
If you hire a real estate agent to sell your property, on average you will be handing over around 6 percent of the sale price for commission.
Many cities all assess a transfer tax; the US average for transfer tax is a pricey $742 (this is based on a tax rate of 0.38, though it can be significantly higher.
Preparing your house for staging is another area where costs can be high. Many homeowners feel the need to paint their property’s interior and exterior, which can cost several thousand dollars between materials and labor. General house cleaning, carpet cleaning, and garden maintenance before a staging all reduce the overall profit you will make when selling your house.
Many sellers are met with a range of unexpected fees and taxes that quickly pile up, dampening the actual sale price that has been agreed. When you sell your house for cash, the price you are offered is the price you will pay. There are absolutely zero hidden fees involved.
Less Risk of Deal Falling Through
We noted in the introduction that a large percentage of people who sell their houses worry that the deal will fall through. Be this due to bank difficulties or cold feet from your buyers, the deal is never secure until it has been finally closed.
There is no need to worry about the deal falling through when you sell to Stewardship Properties. We take care of the entire closing process and ensure that everything is wrapped up within 14 days. We’ll take care of all the details, scheduling, and title work; you’ll simply need to sign the final papers and you’ll receive your cash payment.
No Need for Home Repairs
Homeowners spend an average of $15,000 when selling their house and a big chunk of this can come from overseeing renovations. It may seem redundant to many people; improving a house right before selling it.
While many people do this in the belief that it will increase their property’s value and asking price, there is no guarantee that the cost of the repairs will be ultimately worth it. Of course, overseeing renovations is a time-consuming and complicated process.
In addition to repairing smaller issues within their houses, many homeowners choose to completely remodel their properties with new kitchens and bathrooms, for example.
When you sell your house for cash, you will receive a fair offer based on its current condition—there is no need to pay for expensive repairs or renovations. Even if your house is in very poor condition or has been vacant for some time, we will happily purchase it.
No Need for Home Showings
We’ve already highlighted the expensive that many homeowners face when preparing for a home showing. It’s also worth considering the additional stress and hassle that comes with opening your home to prospective buyers.
Organizing showings around you and your family’s busy schedules can be difficult. If you have pets, you may have to relocate them on showing days, too. If your house isn’t in great condition, it’s natural to feel a little hesitant to open your doors to people.
Here at Stewardship Properties, there is no need for home showings—our team will make a sight-unseen cash offer.
Selling a House With a ‘History’
Not every house is in pristine condition, and that’s completely fine! When you sell your house for cash, you’ll get a fair offer based on its condition. Selling for cash is a great option for houses with a ‘history’.
The house may have been used by hoarders; it may have served as a drug den; it may be in a very dilapidated condition inside and out. Selling houses in poor condition can be extremely difficult, even next to impossible, on the open market.
That’s why so many sellers appreciate the opportunity to sell their property without the hassle and for hard cash. Whatever your house’s history is, you can sell it for cash and make a start with a new chapter.
Sell Your House Fast for Cash
In summary, selling your house for cash is a quick and hassle-free process that is completed in less than 14 days. There are no hidden fees, no complicated closing documents to figure out, no need for renovations, and no home showings to worry about. Selling your house for cash is the best way to sell your property.
If you have been wondering how to sell your house fast, the answer is to sell it for cash to Stewardship Properties. Our mission is to put people before profit. Since 1989, we have grown into one of the most trusted cash-for-house buyers in the United States.
Contact our team today to see how you can sell your house fast for cash.