Big Reasons to Sell Your House to a Cash Buyer
Thinking of selling your house? 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 plenty.
A cash buyer is not a family seeking a house they could make their home. They are investors looking for profit. Thus, they are flexible enough to work around your particular situation.
Are you selling your house in line with a divorce settlement? Struggling with an underwater mortgage? Cash investors will work with you according to your needs.
But that’s not all there is in terms of flexibility with a cash investor. In general, you can even pick your own closing date. That’s hardly possible with an agent. If you’re looking to sell quickly, this is definitely a major plus. Cash buyers normally have no trouble keeping to an aggressive timeline, whether it’s one week or 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 you’re selling your house to address a financial need, this can be a major obstacle. 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.
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. As part of the negotiation, you may also end up footing some of the buyer’s fees (for example, appraisal). With a cash investor, the offer is the final amount you get.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 no unreasonable contingencies and you’re on your way to closing. And then the bomb: their mortgage application was rejected. What does that put you, the seller? Back to the drawing board. That nightmare scenario is just plain impossible with a cash buyer.
When you sell to an investor, you don’t have to worry about the buyer sourcing the money to pay you. It’s all between you and the investor. The nature of the deal itself removes the most uncertain step in the house-selling process.