Lessons Learned from Years with Homes

Selling your home to a cash-only buyer might sound too good to be true, but the truth of the matter is that there are really buyers now that engage in transactions involving strictly cash. The first question you might ask is: is this completely legal? Besides, not every one of us has the ready cash to buy a property then and there. Note however that cash-only buyers are usually a group of people with the common goal of buying properties fast and clean for profit – thus the automatic cash. So the question is, why would you want to sell your house to these people? Below are some very good reasons: Fast Closing
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There is no doubt that cash-based sales are faster to complete. As soon as you and the buyer have an agreement, it is all a matter of paperwork and moving the payment. A cash-basis sale is usually closed in as little as 1 or 2 weeks, depending on the terms that should be smoothed out. In a conventional purchase where buyers still have to apply for a loan, the process can be a whole lot longer.
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Assurance Though interested buyers may act like they will actually purchase the property, some difficulties can still occur over the course of the transaction. For instance, their loan may be disapproved, or maybe something happens and it makes them change their mind. This can be awfully frustrating for a seller like you. With a cash buyer, the deal is sealed the moment intent has been conveyed. rental Option The nice thing about cash buyers is that after buying the property, they will usually either sell it or profit from it through another means. For some sellers, this can mean having the choice to rent their old property, thereby not having to transfer to another home. Avoiding Foreclosure If you need money fast, a cash buyer can obviously provide you with the funds you need for any purpose you might have. This is particularly true for failure to pay your mortgage, in which case, there is a big chance that your home will be foreclosed. With a cash sale, you can get the money instantly, bypass deadlines and start on a clean slate. Accurate Valuations Most people believe that there’s a catch with cash-only purchases, but this isn’t necessarily the case. Buyers generally initiate valuations to make they are fair for the two sides. This means you’ll be receiving your fair portion of the property without worries about the possibility of selling the property at a higher price to another buyer. Expediency Cash buyers are mostly well-rounded when it comes to the process of buying property, having all the essential qualifications to seal the sale as quickly as possible. This lets you a traditionally extensive process, bypassing some of the most usual issues related to this kind of transaction.