There is a huge mismatch in the business of real estate. People have various reasons for selling their houses but have no more than three wasy to do so. Depending on your rules for classifying options, there just might be a fourth: selling to cash investors, which comes with several advantages.
A cash buyer will deal with you based on your current situation. Did you just get divorced? Sinking with an underwater mortgage? Cash buyers work with your circumstances. Besides, they’re not families in search of a house that they can settle into. These are investors who are after profit.
Control Over Closing Date
If you sell via an agent, the closing date will often be out of your control, and that is hardly a good position to be in. Through a cash buyer though, they may go by your schedule. Need to close in five days? They might just accept such a tight timeframe.
“As Is” Purchase
For a house to be salable- conventionally at least – it must look good and be totally functional, which means no broken faucets, no blocked drains, no foundation problems, and so on. Cash home buyers will not look at these issues and just deposit cash in your pocket straightaway. That’s certainly better than improving a house that’s meant for others to live in.
A cash buyer will give you all-in offer. That’s the exact cash you will get in your bank account. In some cases, after considering the repair expenses, you will even end up making more than you could through a traditional sale. Indeed, no appraisal, closing and other fees, no commissions paid to the agent, and no contingencies of any kind. The offer the buyer makes you is the money you will receive.
No Visits from Strangers
Who wants to receive strangers as visitors? Who likes doing that every week or even everyday? It may take a while for a house to be sold, and your agent will probably want to show it to as many people as possible. When selling to a cash buyer, the only stranger you will meet is the buyer himself.
No Financing Issues
Finally, after weeks or months of putting your house in the market, you find a buyer. But as closing time nears, you get the news: no bank or lender will issue them financing, or they couldn’t find an agreeable rate. They don’t push through with the sale, and by now, your house has spent a lot of time on the market, which doesn’t speak very well for it. A cash buyer eliminates all such possibilities.