If you’re preparing to sell a house fast in Atlanta, chances are you’ll receive at least one cash offer—especially since cash purchases accounted for 33% of home sales in February 2024; this coming from the National Association of Realtors.
But are cash offers the best choice for sellers in Atlanta and else where? Let’s find out!
Who Buys Homes With Cash?
Cash buyers typically fall into two categories:
- Investors and Home-Buying Companies –House flippers, iBuyers, and landlords who are looking for rental properties belong in this group.
- Wealthy Individuals and Retirees – Some buyers can afford to purchase homes outright, especially if they’re downsizing or relocating from a high-cost area.
Pro Tip: If you receive a cash offer, consider the buyer’s experience. A seasoned cash buyer is more likely to deliver a smooth process.
Why Sell To A Cash Homebuyer?
Selling to a buyer who pays in cash has several advantages:
1. Less Risk Of The Deal Falling Through
Sometimes, traditional buyers will back out at the last minute because of financing issues. In fact, Redfin reported that nearly 15% of home-sale contracts were canceled in June 2024.
Cash buyers don’t rely on mortgages, so there’s less risk of the deal falling through unexpectedly.
2. Quick And Hassle-Free Sale
Cash buyers move fast. Many can make an offer within 24 hours of seeing a property, and usually the closing process takes just a few weeks. This is why cash sales are a preferred option for those who need to move quickly.
3. No Price Negotiations
Cash home buyers in Atlanta typically stick with the offers they make. This means you won’t have to deal with back-and-forth negotiations.
4. No Real Estate Agent Commissions
If the cash buyer is purchasing the home directly from you, you won’t need to hire a realtor—which means no realtor commissions!Just make sure you check for hidden fees before you accept an offer.
5. No Repairs Or Upgrades
If you sell the traditional way, you’ll need to make repairs and stage before you list your property. This isn’t the case if you sell to a cash buyer, for they buy homes as is!
What Are Your Other Selling Options?
While accepting a cash offer is the right move for many, there are instances where declining the offer is a better move. Here are some alternatives:
1. Sell With A Real Estate Agent
If you want to sell your home for a high price, working with an experienced agent is your best bet. Sure, this method is lengthier and riskier, but pursuing it may pay off in the end.
2. Sell On Your Own (For Sale by Owner – FSBO)
You can avoid real estate agent commissions if you sell on your own, but you’ll need to market the property, negotiate with potential buyers, and handle lots of paperwork.
3. Rent Out Your Home
If you don’t need cash right away, and you have another place to live, renting your property is a good move, as doing so will provide a steady stream of income.
Should You Accept A Cash Offer?
In the end, it’s up to you! If your property requires major repairs, or you need cash right away, selling to a cash buyer may be your best option.
Need To Sell Quick?
At Diamond Equity Investments, we buy houses in Atlanta, and we can close in as little as seven days. Selling directly to us will be quick, cost-effective, and hassle-free!
If you’re considering getting a cash offer from a reputed buyer, reach out today to see how much we’ll pay for your Atlanta home!
