If you think it’s impossible for someone to buy your house in cash, think again. Cash-only transactions are even growing in popularity, and behind them are perfectly legit investors who buy and sell properties for profit.
The following are great reasons to sell your house for cash:
The process is quicker. Without a doubt, cash-only transactions are faster than the conventional method of selling a house. The moment you’ve set a price with the buyer, the paperwork is all that’s left to do, and then the payment can be transferred to your account. This can all occur within one or two weeks, depending on the details involved.
A close is guaranteed.
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 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 may be given the option to rent.
What’s great with some cash buyers is that they consider different ways of obtaining profit aside from just selling the house. For example, they may allow you to rent it so you don’t have to move to another location. This can be a big convenience for you, especially if your family includes small kids.
It helps you with an impending foreclosure.
If you want cash ASAP, a cash buyer can obviously give it to 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 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 whether you could have gotten a better deal with another buyer.
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 is that cash buyers want the same thing. After all, they’re in business for the profit. The faster they close the transaction, the sooner they get started on renovating the property and making money out of it.