If you think it’s impossible for someone to buy your house in cash, think again. Cash-only transactions are as real as they can get, and behind them are legit real estate investors who buy properties and sell them for a profit.
Here are the key advantages of selling your house to a cash buyer:
The transaction closes faster. Cash-only transactions are undeniably faster compared to the conventional house-selling process. As soon as you and the buyer have agreed on a price, it’s just a matter of completing the paperwork, and then you can receive your payment. This can all occur within one or two weeks, depending on the details involved.
You are assured of a close.
Typical buyers can make it appear like they’re very sure about buying your property, but you can’t really tell what issues may arise. For example, their loan application may be rejected, or they may simply change their mind. This can be terribly frustrating, but you can avoid it by considering a cash buyer. Again, once you have agreed on a price, it’s all systems ago.
You could be given a rent option.
What’s great with some cash buyers is that they consider different ways of obtaining profit aside from just selling the house. They may, for example, let you rent it so you don’t have to go through the trouble of finding another house and settling in. This can be a huge convenience for you, especially if there are kids in your family.
It helps you survive a foreclosure.
If you’re in need of cash asap, a cash buyer will obviously be able to provide it for you. This can be particularly helpful if you defaulted on your mortgage payments and are about to lose your house to foreclosure. A cash buyer can help you beat deadlines and start a new life clean.
You can expect honesty in valuation.
Buyers usually instigate valuations to ensure fairness in terms of determining the home’s market value and cost. This means you won’t have to worry about another buyer possibly giving you a better deal.
You can expect convenience and efficiency.
When people choose to sell their homes to cash buyers, it’s generally because they want the transaction to close as fast as possible. The good news is that cash buyers want the same thing. After all, they’re in business for the profit. The faster the transaction concludes, the sooner they can begin working on it and making money out of it.