A Simple Plan: Houses
Benefits of Selling YOur House to a Cash Buyer
If you think it’s impossible for someone to buy your house in cash, think again. Cash-only transactions involve legit real estate investors who are in the business of buying properties and selling them for a profit.
The following are great reasons to sell your house for cash:
The transaction closes faster. Without a doubt, cash-only transactions are faster than the conventional method of selling a house. Once you and the buyer have set a price, you only have to wait for the paperwork and the payment can be transferred to you. This can all happen within a week or two, depending on how fast the details can be ironed out.
You are assured of a close.
Usual buyers can act like the transaction will certainly push through, but there’s just no telling what things can happen over the course of the transaction. For instance, the bank or lender may reject their loan application, or they may simply find another property that they think is better for them. This can be awfully frustrating, but you can avoid this scenario by selling to a cash buyer. Again, as soon as a price has been set by both sides, it’s good to go.
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. For instance, they may let you rent it so you need not look for another house to move into. This can be a big convenience for you, especially if your family includes small kids.
It helps you manage a foreclosure situation.
If you need cash fast, a cash buyer will obviously give you the money you need. This may be especially helpful if you failed to make your mortgage payments and your house is about to be foreclosed. A cash buyer will be able to help you bypass deadlines and begin a whole new life.
You get accurate an valuation.
In most cases, buyers instigate valuations so that fairness can be ensured in terms of the property’s cost and market value determination. 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 decide to sell their homes to cash-only buyers, it’s usually because they want the transaction to be completed as quickly as possible. The good news for them is that cash buyers want the same. After all, they do what they do for the profit. A faster close means they will be able to renovate the property as well as make a profit out of it sooner.