Planning to sell your home in Lexington, KY? Before you do, expect that it could take around three months before you can sell. Clever Real Estate found that, in 2021, it takes an average home in Kentucky 89 days to sell: 54 days to be listed and receive an offer, followed by a 35-day closing period. It’s not far from the national average of 87 days, but if you need to sell your Lexington, KY house fast, these numbers may be too slow for your timeline.
Cash homebuyers are the faster, more convenient alternative you should consider if you’re looking to sell fast for a fair price. Here are a few reasons a cash homebuyer in Lexington, KY is a better option compared to listing your property on the real estate market.
No Real Estate Agent Fees
The best way to sell your house fast on the market is by getting a really good real estate agent to use their network to attract potential buyers. However, that service comes with a price – around 5 to 6 percent of your selling price. Real estate agent fees are one of the largest costs of selling a home.
In comparison, there are no real estate agent fees or commissions that eat up the money you earn when you sell to a cash homebuyer. You sell your property directly to us, so we don’t charge you to look for a buyer.
No Repairs, Renovations, Or Staging
Prior to listing your property on the market, your real estate agent may recommend repairs, renovations, and home staging to give your property an edge in the market. While that is a good strategy, it means spending money to have to attract buyers. Your agent may claim you have to spend money to make money, but for cash homebuyers, this just isn’t the case.
We buy your home as-is, meaning we don’t need you to improve it before we put in an offer. Simply give us a call and we’ll give you a fair cash offer within 72 hours or less.
Shorter Closing Period
After you’ve accepted our offer, we go into the closing period as quickly as possible. While the average home in Kentucky takes 35 days to close, we can take as little as 14 days. This is because of the following:
- We pay in cash. This means we do not have to shop around for loans, apply for a mortgage, and then wait for the bank’s approval and processing to transfer the money to you.
- We do not need a lengthy appraisal and inspection period. Traditional home buyers who put in their offers have to do this because their mortgage lender needs an appraisal of the property before they release a loan. Again, we pay with our own money, so we don’t have the time-consuming roadblocks traditional buyers have.
- We handle the paperwork. We’ll need a few documents and signatures from you, but leave the legwork to our team.
We Understand Your Reasons For Selling Fast
We have years of experience buying Lexington, KY houses for cash, and we’ve seen many homeowners at a rush to sell their home for a number of reasons. These can include:
- Bankruptcy
- Foreclosure
- Financial distress
- Divorce proceedings
- Inherited properties
- Relocating far away with limited time to sell a house
These are all legitimate reasons to sell your home fast. Or, if you simply want to skip the house viewings and offers that have fallen through, cash homebuyers can help you go directly to the selling portion.
We Handle The Closing Costs
In a traditional home selling process, closing fees in Kentucky can cost sellers up to 3 percent of their home’s selling price. On top of the real estate agent commissions, that’s around 10 percent lost on fees. The buyer can pay some of the closing costs, but this is part of the negotiations – which you might need a real estate agent to do effectively.
For cash homebuyers, we handle the closing costs. This means zero commission fees and no closing costs on your part, which can mean earning more when you sell your home through professional cash homebuyers.
Need To Learn More?
Rylo Homes is your reliable cash homebuyer in Lexington, KY. We understand that selling your home is a major decision, and we’re here to provide a fast and fair experience. Contact us today to get your full cash offer.
