The Ultimate Guide Between Cash Home Vs. Traditional Offer

There has been a debate whether you should opt for a cash home sale or go for a traditional sale. Both sides are strong due to their perks of different natures; however, we are going to lay down the process for both types of sales, and then you can decide for yourself which one will be the most suitable for you.

Keep reading!


Cash Home Offer

Cash home offers are increasing in popularity because most people are gaining awareness regarding the benefits of a cash home offer in comparison to other methods of sales. However, it is true that many people are still unaware of this amazing method to sell your house. If we had to say that it’s nothing less than the 8th wonder of the world, we wouldn’t be wrong….

If you are wondering that what exactly a cash home offer is, then this is for you:

 “A cash home offer is when the buyer has cash readily available at hand and does not have to rely on selling the current house, mortgages or loans.” 

Basically, we can say that a cash home buyer is investing in the house mainly for flipping purposes and don’t really have to rely on aid for the money.

Now that you know the gist of the cash home sale, let us talk about the process:

Cash Home Offer – The Process

The process for a cash home offer is fairly simple. Stay with us, and by the end of this post, you will be capable of handling a cash home offer:

  1. The Offer:

Normally you will have to let a cash home buying company know that you are selling your house for cash. These companies themselves invest in such homes or are acquainted with cash home buyers. The cash home buyer will probably visit your house once, give you an offer normally that is market competitive, and then it’s on you.

  1. Your Consideration:

Once you have the offer, it’s on your whether you want to accept the offer or give a counter offer. Normally, there is very little room for counteroffers or negotiations in cash home sales, so either you can accept the offer, try your luck with a counteroffer, or decline the offer. The choice is yours.

  1. Closing:

When we talk about closing, it doesn’t really mean that it will be after months or weeks after the offer. By way of example, it can be on the same day – and 10 minutes after the buyer walked into your house. Traditionally, they don’t tour the house since they are not interested very much in its structure but are interested in the land! The closing is fairly simple – the buyer will give you hard cash, and you will have to transfer the ownership of the house to the buyer, and the deal is done. No home tours, no home inspection, no repairs, and no real estate agent.

By now, you might be thinking, how can a cash home sale be so simple? There must be some catch. No, there is no hidden catch. It totally depends on the offer you are getting. That’s it.  

Since you know that this type of buying and selling is cool, read some more benefits of selling your house for cash:

  • Simple, smooth, and efficient
  • No real estate agent
  • All money is for you
  • No listing hassle
  • No repairs needed
  • Buyer buys the house “as-is.”
  • No unnecessary people coming into your house
  • No home staging
  • No stress.

It is true – cash home sales are comparatively much lighter on the shoulders and the pockets!

Traditional Home Sale:

 89% of the people in the USA still go for traditional home sales process because they are more aware of it. But even if such a huge number goes through this process, it doesn’t necessarily mean it’s the easier. 

Let’s begin with dissecting the process of traditional home sale:

  1. Choose a Listing Agent

The first thing that needs to be done before you begin the home selling process is that you will have to hire a listing agent to kick start your home sale journey. Once you hire a listing agent, they will help you list the property on MLS, where buyers and real estate agents will be able to see the house and know that the house is up for sale. 

  1. Prepare Your Home for Sale

Now, you will have to make sure that your home is sale-worthy. For example, you will have to make repairs for any obvious damages in the house.  Remember, the first impression is the last impression. Net, you will have to ensure that your house looks good to improve its curb appeal.

In order to make your house sale-worthy, you will also have to opt for home staging, where you can make your house good for any potential buyers that might be touring your house. Other options that can help make your house sale-worthy are to depersonalize, declutter and make it look new.

Some people also install the latest appliances in the house to incentivize the buyer to buy the house. 

  1. Home Inspection Can do Wonders

If you find that a buyer is interested in the house, it will be important that you get a home inspection done. This is when they unveil any flaws or defects in the house before the sale goes through. The buyer will also have the option to move out of the deal based on contingencies. If they see that the house has flaws, or maybe in case of finding damages and defects, the buyer might ask you to lower the price or fix them before they buy. This process can be lengthy, and there’s no certainty that the sale will go through.

  1. Home Appraisal is Necessary 

Before the dotted lines are signed, the buyer will make sure to get a home appraisal so they know that they are not paying you more than the worth and price of other houses in your locality. A home appraisal is when the appraisers assess the value of your house and hence the sale depends on it.

  1. Closing – At last

Once you have passed all the hurdles above, it is time where the money needs to be exchanged for ownership of the property. The buyer will give you the money, and you will have to hand over the ownership of the house to them. There is no certainty of sale even at this point because there is no guarantee the buyer got mortgage or loan approval from the bank.

The sale can fall off even at this time. However, if you and the buyer are lucky and mortgage approval is granted, the only step left is for both parties to sign on the dotted line and you to move out of the house. 

We know that traditional home sales can be lengthy with a lot of tiring steps required, but let’s talk about its advantages and disadvantages:


  • People are more familiar with it
  • Market competitive rate  


You have to pay for:

  • Home inspection
  • Real estate agent
  • Listing agent
  • Home appraisal
  • Repairs

At the same time:

  • There’s the certainty of sale
  • It can get stressful
  • Takes a lot of time and is lengthy

Some people say that traditional home selling is better, while the others say that cash home sales are better. Here’s a side by side comparison of both to help you decide which one should you opt for:

shaking hands after a successful home sale
Traditional Home SaleCash Home Sale
Real estate agent required No real estate agent required 
People are more familiar People are less familiar 
Time consumingSwift
Stressful Easy
No guarantee of sale going throughGuarantee that the sale will go through
Have to rely on mortgage and loanNo reliance on mortgage or loan
Not useful in times of foreclosure and short salesFavorable in distressful times like foreclosure, short sales, quick sales.  
You have to pay the real estate agents, home inspectors and appraisal All money is yours 
Many people will come to visit and tour the house No unnecessary people will be in your house 
You might get slightly better price You get hard cash

We have listed the comparison for you; it is for you to decide now what you opt for!