If you are debating on selling your cash to a cash buyer such as Osborne Homes or selling your house through the traditional market then you’ve come to the right place. In this guide we’ll walk you through the process of both and help you find the best selling method for you.
Cash Offers vs. Mortgage
For a quick reference see the table below with the quick pros and cons to each selling method.
| Pro/Con | Cash Offers | Mortgage |
| Closes the fastest | Yes | No |
| Repairs needed | No | Yes |
| Tenant occupied homes | Yes | No |
| Sells for the most | No | Yes |
| Seller fees | No | Yes |
| Closing costs | No | Yes |
| Best for pre-foreclosures | Yes | No |
| Best for bankruptcy | Yes | No |
Should I Sell My House to a Cash Buyer?
To find the answer to this question you have to answer a few questions for yourself before you decide if you should sell your house to a cash buyer.
- Are you in a hurry to sell your house?
- Are you a landlord with tenants currently living in your house?
- Are you facing foreclosure or going through bankruptcy?
If you’ve answered yes to any of these questions then selling your house to a California cash buyer may be the best solution for you.
Should I Sell My House on the Traditional Market?
Just as we did with selling your house to cash buyers, there is a series of questions you should ask yourself before taking the jump.
- Can you make repairs to your home at your cost?
- Can you justify realtor fees on your home?
- Can you pay portions of closing costs?
- Can you wait at least 30 days before closing?
If you have answered yes to any of these questions then selling your home on the traditional market is a great choice for you.
The Facts
When selling your home through either selling method the pros and cons become very clear and rather quickly, however, don’t let the pros and cons in a list format deter you from selling your home through the method you want to sell in. Reference this next list with a bit more details and facts to selling with each method to help your selling decision.
Closing Speed
The average closing speed for traditional market sales is around 45 days. Closing for cash offers can happen much quicker and typically have a turn around time of less than 30 days with some buyers able to close in as little as a week.
Needs Repairs
While it’s not a requirement to make repairs to your home when you sell on the traditional market, it can be a helpful deciding factor for many prospective buyers – often times it will be a repairs contingency asking you to repair any damages found. With cash offers repairs are never needed.
At Osborne Homes we buy houses that need repairs under any condition.
Tenant Occupied Homes
If you’re a landlord selling a rental property that currently has tenants living in it and you want to maximize your returns then selling on the traditional market is a great choice – however, you are responsible for the lengthy eviction process and sometimes can be more of a hassle than it’s worth.
When you sell your rental home to Osborne Homes, we’ll deal with the entire eviction process for you.
Most Financial Return
The reality here is that if you need the most return for your time then selling your home on the traditional market is the best option. Selling your home through cash buyers can offer less in financial return but makes up for it in regards to speed and convenience – for example, if you are facing foreclosure and will lose your home selling your house for less is really more.
Skip Fees, Long Closing Times & Lengthy Negotiations – Sell Your California Home for Cash
If you’ve decided that selling your house for cash is the best option for you, reach out to Osborne Homes today and learn how we can help you with your unique situation.
