There is a significant misfit in the real estate industry. People have various reasons for selling their houses but have no more than three wasy to do so. Depending on the way you categorize options, there could be a fourth: selling to a cash buyer, which offers a number of key advantages.
A cash buyer will treat you in a unique way, depending on your particular situation. Fresh out of a divorce? Trying to survive an underwater mortgage? Whaever your circumstances, cash buyers can adjust. Besides, they’re not families in search of a house that they can settle into. They’re profit-seeking investors.
Control Over Closing Date
If you sell via an agent, the closing date will often be out of your control, and that is hardly a good position to be in. If you decide to sell to a cash home buyer however, they can bend along your time. Need to close in five days? They can accommodate a timeline as limited as that.
“As Is” Purchase
To make a house salable, at least traditionally, it should be attractive and completely functional – no broken faucets and door knobs, smooth drainage, and so on and so forth. With cash home buyers, these issues do not matter and you will still get cash in your pocket. That sure is better than spending money on a house for other people to live in, right?
A cash buyer will give you all-in offer. That’s the exact cash you will get in your bank account. Sometimes, when you factor in the repair costs, you will realize that you actually made more than you could with a conventional sale. As promised, there will be no fees (such as for appraisal and closing), no agent to pay a commission to, and no contingencies of any type. The offer the buyer makes you is the money you will receive.
No Strangers in the House
Who wants to welcome strangers into their home? Who wants it happening on a weekly, if not a daily, basis? It may take a while for a house to be sold, and your agent will probably want to show it to as many people as possible. When it comes to cash house sales, the only stranger you deal with is the investor himself.
No Financing Worries
Weeks or months pass by and finally, one day, you find a buyer. Near closing time, you hear the news: they didn’t get financing from a bank or lender, or they couldn’t find a rate that is logical for them. The sale doesn’t push through, and by now, your property has been in the market for a while, which isn’t the best thing. With a cash buyer, this scenario never happens, plain and simple.