3 Advantages Of Selling To A Cash Buyer
Sometimes when selling a home you have to do it as soon as possible! Most people think cash buyers are only good for situations such as avoiding foreclosure, bankruptcy, terrible tenants or some other finical difficulties, but if you’re trying to avoid the process of hiring a realtor, looking to sell fast or have an outdated property a Cash Buyer could be just what you need! Here are 3 other advantages when working with cash buyers that you as a home seller can benefit from!
1. A Convenient & Fast Sale
Usually when listing with a realtor you have to wait for somebody to make an offer on your house in hopes it will be something worth approving, whereas with cash buyers, we can usually prepare a contract in under an hour, no inspections needed & you can have your money in hand in as little as 3 days. Which when you’re facing financial difficulties or you need to sell your home quickly to buy a new home, the speed of the sale can be essential.
2. We Buy As-Is
When a cash buyer decides to purchase a property they are also agreeing to accept the property for whatever condition it comes in. That means you, the seller doesn’t have to worry about repairing any problem areas with the house. This also helps with not having to “stage” your home as you would do a traditional listing. You won’t need to repaint, decorate, or worry about other things to ensure a buyer will give you top dollar.
3. No Complications
Traditional home sales fall through regularly & the largest reason being the denial of a mortgage. Even if a buyer is pre-approved, there is still no guarantee of a loan and at any point, the bank could decide to reject their application, which leaves you starting from the beginning again. Of course, you can do your best to ensure the sale goes through, but in the end, it is up to the bank to make the decision. Secondly, since buyers can have over a month until the closing date, they have ample time to back out of their offer. However, when you sell your house for cash, this won’t be a concern considering there are no loans to worry about, and once the sale has been made, the buyer is paying with cash, therefore can’t back out of the sale.