The Advantages of Selling Your House to a Cash Buyer
If you’re one of those thousands of people out there who need to sell your home asap, you probably already know by now that your best available option is to sell it to a cash buyer. Obviously, it’s not the traditional way of selling a property and offering your house to a company that buys it in cash has its disadvantages, but why are we still talking about it? For this article, we’ll be specifically talking about the advantages and maybe at the last part you will come to the realization that it indeed is your best option.
1 – You sell your property and get cash immediately.
It’s no secret that the foremost reason why people go to cash buying investors to sell their house is because they will receive cash right away. If you take this process of property selling to the conventional means of dealing with individual buyers, who in turn will work with banks to finance the purchase, it will take a lot of time. Likewise, a conventional real estate transaction will also rely upon the approval of a loan and having to sign so many paperwork and documents. As a matter of fact, we haven’t even started talking about the negotiation process in a traditional real estate deal, in which the long and very burdensome time required could take a toll on you and your patience. With a cash buyer instead, you don’t have to go through all those processes.
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2 – No more appraisal contingency.
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Aside from getting fast cash, selling your home without a realtor is also advantageous in a way that there no longer is a need to have an appraisal contingency. This is one of those thing important things that many homeowners are unfortunately unaware. Owing to the fact that direct cash home buyers are not required to go through this tedious process, it means that the time to sell your home will be reduced substantially. Also, this will come back to you as a great advantage since you are going to avoid dealing with buyers who have to apply for a loan first before offering you to buy your property.
3 – It will take lesser time to close the sale.
It cannot be denied that selling your home through the usual avenues like hiring a real estate agent and welcoming all sorts of buyers will give you the chance to reach a deal for a price you’ve been coveting. But then again, do not expect to sell it in a week or two since typical buyers will need at least 30 days to secure a loan.
So if your purpose of selling your property is to get quick cash, opting for the traditional road won’t do you any good. With a cash buyer, closing is possible in a week or so.