Perfectly Logical Reasons to Sell Your House for Cash
Are you thinking of selling your home? If you want to do it the easy-breezy yet high quality way, then sell it to a cash investor. The reasons are plenty.
A cash buyer is not a family looking for a place to call their home. They are investors who would like to make a profit. Therefore, you can expect them to be flexible and work around your situation.
Selling your house as part of a divorce settlement? Need a way out of an underwater mortgage? Cash investors will work with you according to your needs.
But that’s not all the flexibility you can get from a cash investor. With most, you can even choose the closing date. That’s not something you’ll get from an agent. If you need the sale to close quickly, this is certainly a huge advantage. Cash buyers normally have no trouble keeping to an aggressive timeline, whether it’s one week or a few months.
As you might imagine, houses usually require a lot of repairs before it can sell in the traditional market. Agents may recommend all kinds of repairs and/or a complete renovation in order to make the property attractive to buyers. If you’re selling the house to meet a financial need, this can be a huge stumbling block. However, cash buyers will purchase your property as-is, meaning you need not spend a penny on it as they will take care of everything the moment you close.
No Fees, Contingencies and Commissions
When you review offers, you don’t just consider the actual amounts. In fact, there are so many other factors that can add to the final number. For example, agent’s commission. As part of the negotiation, you may also end up footing some of the buyer’s fees (for example, appraisal). If you sell to a cash investor, you get the actual amount offered.It will be the exact amount that will show up 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 does that leave you? Back to the drawing board. With a cash buyer, no such nightmare scenario is even possible.
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. Because of the nature of the deal itself, the most uncertain step in the house-selling process is eliminated.