Cash Home Sale vs. Traditional Home Sale in Nothern Washington
When selling a home in Tacoma, Washington, you have two major options. First, you can hire a real estate agent and do a traditional home sale. Second, you can skip the realtor and sell your house yourself. However, a For Sale by Owner (FSBO) may not work for you if you don’t want to take on the responsibility of listing your house on the market and selling it yourself.
If you want to avoid the real estate market, your best option may be to sell your house as-is for cash to a company that buys houses in Tacoma, Washington. A cash home sale allows you to sell directly to a home buyer without hiring a real estate agent or listing your house on the market.
Below, we compare a cash home sale vs. a traditional home sale to see which home-selling method is best for you.
What Is a Traditional Home Sale?
A traditional home sale is still the most popular way to sell a house in Washington. In a traditional sale, you hire a real estate agent to manage the sale of your home. The agent lists the house on the market, finds a buyer, and negotiates the terms of the sale on your behalf. The process of selling your house the traditional way involves the following steps:
- Repair or upgrade your house as needed.
- Schedule a home inspection.
- Hire a real estate agent.
- List the property.
- Stage the house and show it to potential buyers.
- Negotiate the sale with a final buyer.
- Close the sale.
One of the benefits of a traditional home sale is that a real estate agent can manage the sale for you, which takes the burden out of selling your house. A real estate agent has the experience and knowledge necessary to negotiate a real estate deal in your favor. They can also ensure that the closing process goes smoothly between the buyer and you.
However, there are some downsides to a traditional home sale. Perhaps the biggest drawback is the money you lose in realtor commissions. A real estate agent can make a six percent commission off the top of the sale price. You can lose thousands of dollars in profits. Plus, you still have to pay other selling costs such as closing costs and repairs.
What Is a Cash Home Sale?
A cash home sale is a private real estate transaction between the buyer and you. The buyer makes a cash offer on the house. If you accept the offer, you close the sale with the buyer. Since the transaction is between you and the buyer, you don’t have to hire a real estate agent. The process of selling your home as-is for cash involves the following steps:
- Contact a company that buys houses in Tacoma, Washington.
- The company assesses your house to determine if they want to buy it.
- The company makes a fair cash offer at a discounted sale price.
- You accept the offer.
- You close the sale with the buyer.
- The buyer pays for the house.
Perhaps the biggest drawback to a cash home sale is that you sell your house at a discounted price. Since the buyer wants to make a profit, they will make an offer slightly under your home’s market value. If you don’t want to go below your asking price, you can negotiate with the buyer or choose not to sell your house.
However, there are some benefits to a cash home sale. First, even if you sell your house below market value, you may make it up by paying zero selling expenses. You don’t pay for repairs, realtor commissions, or closing costs.
Second, you can close your house quickly - in as little as seven days. Last, you can sell your house regardless of your situation: probate, foreclosure, divorce, bankruptcy, damaged house, or rental house.
Sell Your House Fast in Tacoma, Washington
If you need to sell your house fast and don’t want to do a traditional home sale, let us pay cash for your house as-is. Tacoma Cash Offer can make a cash offer on your house and close the deal in as little as one to two weeks. Call 253-300-2897 to get a fast cash offer on your Washington house.