Pros and Cons of Selling a Home for Cash

Before you sell your home to a cash buyer, you should know what to expect. Here are the main pros and cons:

Sell a home to a cash buyer

Working with a cash buyer has many advantages. For example, the process can be faster, and there are less formalities and hassles involved. Compared to the traditional sale process, you can also sell your home to a cash buyer “as is,” meaning you’ll receive no money for the house until it is sold. But while working with a cash buyer can be more convenient, there are also some disadvantages.

No contingencies

While sellers usually dislike contingencies, no contingencies when selling a home for money is a good thing. This means that the seller can keep any deposit the buyer makes in order to cover any additional expenses. If the sale is subsequently canceled, the seller can still entertain other offers. A strong offer can help the seller negotiate with a buyer, which can benefit the seller. However, you should be prepared to spend extra money after the sale to cover any expenses that may arise.

No fix-ups

No fix-ups when selling a house for cash means selling the property as it is, without repairing or updating it. While a little sprucing up can increase the appeal of the property, over-improvement can lead to a loss in money. You should know what to fix before you sell. Listed below are some common issues and solutions. Listed below are some helpful tips to sell your house for cash.


While the costs of selling a home for cash are typically lower, some expenses are still involved. Sellers are typically responsible for the costs of a title insurance policy for the buyer. This insurance protects the buyer’s interest in the home and can cost $1,000 to $4,000, which comes out of the seller’s net profit at closing. There are also escrow fees, which are split between the seller and buyer, and can range from $500 to $2,000, depending on the details. These fees typically include office expenses, transfer fees, and notary services.


Selling a home for cash can be beneficial for homeowners who don’t have much equity. Cash home buyers are able to close within 7 to 14 days, and can even close in as little as 30 days. Because they pay cash, they can afford to delay possession of their property until they have accumulated enough equity to justify the price they’re offering. This advantage is why it can be beneficial to hold off on selling a home until it has accumulated enough equity to make a profit.

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