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Selling your home is a slow and emotionally challenging process, requiring more than just putting up a “for sale” sign outside your property. The process becomes increasingly complex if you’re in a hurry to sell at the best deal possible. Some home sellers execute this task by themselves, which might take months or years before they find a buyer. One way to ensure a smooth house-selling experience is to contact a cash home buyer company.

Cash homebuyers are individuals or companies that can buy your home outright by giving you cash without any loan or mortgage. These companies have gained popularity in the real estate market as they save sellers from the hassle of listing and provide a quick cash transfer without installments.

iBuyers vs. Cash Home Buyers 

One of the recent emerging players in the real-estate world is iBuyers. An iBuyer, as in instant buyer, is a company that purchases your home at a relatively low rate and then flips or renovates it to get a better profit.

The difference between an iBuyer and a cash home buyer is that iBuyers look for easy-to-sell houses that can prove profitable, while cash home buyers prefer hard-to-sell homes. iBuyers utilize technology and advanced algorithms to decide on a price and are typically unfamiliar with the local market. On the other hand, cash homebuyers are generally local buyers who know the rates well and place a cash offer accordingly.

The only advantage that iBuyers have over cash homebuyers is that they can close deals instantly using their technology. However, that’s not much of an advantage when the agreement is not in your favor, especially when cash homebuyers are relatively quicker with their offers.

Why Choose a Cash Home Buyer Over a Real Estate Agent?

You might wonder why you can’t just sell your house the traditional way by contacting a real estate agent. That’s because cash home buyers offer multiple advantages over real estate agents, such as:

1. No Repairs Required

Any real estate agent you contact will tell you how your house needs certain upgrades to be presentable, while cash homebuyers have no such condition. For instance, a cash homebuyer company like Nexus Homebuyers implements a “sell your house as-is” policy, meaning that you don’t need to make any changes before selling your home.

2. No Repeated Showings

Another benefit of choosing cash homebuyers is the minimal number of showings you need to conduct: in most cases, it's just one. When you contact the company, they will either schedule a visit or ask you to send a detailed video of the house, which is enough for them to strike up a good deal. In comparison, real estate agents bring several prospective buyers before finally closing the deal.

3. No Commissions

When you’re selling your home, your lifetime investment, you need all the money you can get out of it. In the case of real estate agents, you usually have to pay a certain percentage of the final price as a commission to them. Additionally, they make the seller pay the closing costs as well. If you choose a cash homebuyer company, you won’t have to deal with these extra expenditures.

Endnote

When you’re selling your home, you need to consider several factors. You’ll have to make one hard decision after another, likely making mistakes along the way. You should know all your available options to avoid making a decision you’ll regret later on. If you’re inclined toward cash homebuyers, but are hesitating due to a lack of knowledge, this simple and informative guide should help you make an informed decision much quicker.