Big Reasons to Sell Your House to a Cash Buyer
Planning to sell your home? If you’re looking for the quick and straightforward route, then selling it to a cash investor may be your best bet. The reasons are many.
A cash buyer is not a family looking for a place to call their home. They are investors looking for profit. Therefore, you can expect them to be flexible and work around your situation.
Selling because of a divorce settlement? Struggling with an underwater mortgage? Cash investors will be sensitive to your needs.
But that’s not all the flexibility you can get from a cash investor. Generally speaking, you even get the option of picking the closing date. That’s hardly possible with an agent. If you’re looking to sell quickly, this is definitely a major plus. Cash buyers can usually accommodate even the most aggressive timelines, from a week to a few months.
As you probably know, most houses need a lot of repairs just to sell through the traditional route. Agents will advise you to renovate your property in order to make it attractive to buyers. If your reason for selling the house is to meet a financial need, this is going to be a huge problem. Cash buyers, however, will buy your property as-is, which means you need not spend a penny on it because they will take care of everything after you close.
Zero Fees, Commissions and Contingencies
When reviewing offers, you shouldn’t only look into the actual amounts given. In fact, there will be so many other factors that can pull up the final number. You have agent commission for one. You may also be asked to foot the buyer’s fees, such as appraisal, during the negotiation process. If you sell to a cash investor, you get the actual amount offered.It will be the actual amount you will receive in your bank account.
No Worries over Financing
Imagine this: after weeks or months of stressful waiting, you finally get yourself a buyer. They make you an offer and it sounds in line with your asking price. They ask for fairly reasonable contingencies and you’re on the road to closing. And the news: their loan application was disapproved. Where do you end up? Back to the drawing board. This nightmare scenario never happens when you sell to a cash buyer.
When you sell to an investor, you don’t have to worry about the buyer sourcing the money to pay you. The transaction only involves you and the investor. The nature of the deal itself removes the most uncertain step in the house-selling process.