If you think getting a cash payment for a house is too good to be true, think again. Cash-only transactions involve legit real estate investors who are in the business of buying properties and selling them for a profit.
Below are the main advantages of selling your house for cash:
The process is drastically faster. Cash-only transactions are the fastest you can get when it comes to 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 take place in one to two weeks, depending on how simple or complicated the details are.
You are assured of a close.
Traditional buyers may make you feel like they are very sure about buying the property, but there’s no telling what issues may crop up during the transaction. 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 totally frustrating, but you can steer clear of this scenario by choosing a cash buyer. Again, as soon as a price has been set by both sides, it’s good to go.
You get a rent option.
What’s great with cash-only buyers is that they explore other ways of gaining profit besides just selling the property. For example, they may allow you to rent it so you don’t have to move to another location. This can be a huge convenience for you, especially if there are kids in your family.
It helps you manage a foreclosure situation.
If you want cash ASAP, a cash buyer can obviously give it to you. This can be particularly helpful if your house Is facing foreclosure. With a cash buyer, you don’t have to worry about beating deadlines and starting a whole new life on a clean slate.
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 frees you of worries as to whether another buyer could have given you a better deal.
You can expect an overall convenient and efficient transaction.
When people choose to sell their homes to cash buyers, it’s generally because they want the transaction to close as fast as possible. The good news for them is that cash buyers want the same. After all, they’re looking for profit. The faster the transaction concludes, the sooner they can begin working on it and making money out of it.