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I recently met with a San Diego homeowner asking a smart question:
“Should I take a cash offer or sell on the open market?”
A cash offer can make sense in the right situation because it usually means:
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Why sellers consider cash offers
• Fast closing, often in 10 to 60 days
• No open houses or constant showings
• No upfront repairs in many cases
• Less hassle and less disruption
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But many San Diego sellers do not find out the downside until later:
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1. You may sell for far less
Many cash offers are 10% to 20% below market value. On a $1,000,000 home, that could mean $100,000 to $200,000 less.
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2. No commission does not always mean no fees
Some investors charge 5% to 6% in program fees, which can wipe out much of the convenience benefit.
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3. As-is still gets discounted
Repairs are still often factored into the offer. A roof, plumbing issue, or deferred maintenance can reduce your price.
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4. The price can change later
Some buyers renegotiate after inspections or cancel, even after an attractive initial offer.
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Bottom line
Cash offers are about convenience and speed.
Selling on the market is usually about maximizing your net.
The smart move is to compare both side by side before signing anything.
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Before you decide, I can show you:
• What your home could sell for on the open market
• What a real cash offer looks like
• Your estimated net from each option
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