Quiz: Should You Consider Selling to a Cash Buyer?

Everyone has different needs and priorities when it comes to selling their homes. Selling to a cash buyer isn’t the right choice for everyone. For some, the best option is to hold onto their property until the market shifts, while for others it may be best to work with an experienced real estate agent. There are some that after looking at all their options, decide selling their home to a cash buyer is the right choice for them.

At the end of the day, only you can decide which avenue is best for you and your situation. The following quiz may not give you an exact answer, but it will help you better understand the needs and goals of your case, as well as whether you should move forward with selling your house to a cash buyer

We created this quiz to be used alongside our cash offer worksheet. Together, both tools will provide you with some of the information you need to make an educated decision regarding the sale of your home.

1. Is your property ready to be sold?

  • Is it ready to be staged for potential buyers?
  • Are there any code violations that need to be addressed?
  • Have you had your home inspected?
  • Is your house clean, free from clutter, and as attractive to buyers as possible, inside and out?

2. Are you comfortable with handling the rehab yourself?

  • Do you have any experience managing contractors?
  • Do you have contractors you can trust?
  • Can you afford the rehab costs?
  • Do you know which elements of the home need to be repaired or replaced?

3. Do you want to work with a real estate agent?

  • Do you have a real estate agent with whom you feel comfortable and whom you feel you can trust?
  • Are you confident that your best interests will be served by a real estate agent?
  • Are you willing to pay the real estate agent's fees?
  • Do you have the time to meet with multiple real estate agents to evaluate their credentials and marketing plans?

4. Do you have the time?

  • How long do homes remain on the market on average in your community?
  • How long will it take to rehab and properly stage your home?
  • When is the next "buying" season?
  • How long can you afford to keep the home while you are seeking buyers?

5. Does it make financial sense?

  • How much will the rehab cost?
  • How much are the holding costs?
  • How much will the various commissions be?
  • How much will closing costs be?

There is no wrong answer to any of our questions. Just honest answers. Selling your home through traditional methods requires time, patience, and money, but could pay off in the end. However, once you add up the potential costs involved selling your home the traditional way, you may be surprised to see the benefit financially to selling your home to a cash buyer.

Again, do what is best for you. Whatever that may be. We hope that we can help you make that decision.