June 21, 2024
Real Estate

What Are the Distinctive Features of a Cash Sale, Compared to a Regular Sale?

What makes cash sale proposals different from other methods of selling a house? When selling a home for cash, you and the real estate agent will settle on a price that takes into account any repairs that may need to be made. You won’t have to spend time or money on maintenance or fixes. It may sound too good to be true, but if you deal with We Buy Houses Columbia, MO, the procedure is actually pretty simple.

It’s up to you to decide which method to utilize. What’s most important is why you’re selling and what you want to gain from it. If you need help deciding, read on.

Commission Payments Explanation

Real estate transactions often involve closing costs, title transfer fees, and agent commissions. Below, we break out the costs you may expect to incur whether you choose the traditional selling route vs a cash sale.

In a typical real estate transaction, the title to the property is transferred to the buyer by a title firm. The requirement of bank funding makes traditional sales methods more difficult. Closing costs, title insurance, and transfer taxes must be paid. It’s also your responsibility to pay the title insurance company.

Cash sales simplify the procedure, even if transfer taxes and title insurance must still be paid. When selling to a real estate investment business for cash, the only costs you’ll incur are those associated with title insurance and transfer taxes.

When Will You Fix the House?

In a typical sale, bids that are funded by loans must be approved by the lender. It stands to reason that the individual purchasing your home will use financing from a financial institution. Both the buyer and the bank must feel comfortable with their financial commitments.

You might try to bargain for the cost of repairs to be covered, but you should also be prepared to shoulder the burden yourself.

At We Buy Houses Columbia, MO, we sell homes for cash to purchasers without an inspection. As a result of not having to pay for maintenance, you save more cash.

Worrying About a Grade

A buyer’s lender will often require an appraisal prior to closing on a house purchase. This usually doesn’t create any problems, but depending on the evaluation, it might possibly cause some concern.

Lenders will typically request a discount or concession from purchasers if their appraisal comes in lower than their offer price. They won’t be able to get a mortgage on the property at the current price, and they may opt to pull out of the agreement unless you lower the price.

However, financial institution transfers are not included in cash sales. Your home will be purchased without the need for us to obtain financing from a bank. No paperwork or evaluation is necessary.


Time, interest, and maintenance fees may all be avoided when dealing with cash. Aside from the aforementioned benefits, the acquisition may often be finalized much more quickly than a regular sale. If you’ve googled “sell my house fast for cash in Columbia, MO,” you’ve probably found We Buy Houses Columbia, MO. We have been fortunate to host numerous since 1989, and we hope you can make it to one soon.

If you’re still confused about what to do, you can reach out to a member of our staff here. We’re pleased to talk over the options with you. In the end, we hope you’ll do what’s best for you.

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