SELLING YOUR HOUSE FOR CASH
With cash home buyers available nationwide you can easily choose a cash deal for your home without any hassle. To determine if selling your home without a realtor is the right decision, you must know everything related to selling the house for cash.
What are The Benefits of Accepting a Cash Offer on the House?
- Fast dealing – traditional house selling can take months, if not longer whereas accepting cash offers directly from a home buyer closes the process within days.
- No contingencies – a conventional home sale comes with multiple contingencies, including mortgage contingency and appraisal contingency. This entire process can delay or derail the home sale. On the other hand, accepting a cash-offer on your home has no contingencies.
- No fix-ups – If your home needs some major repairs and you don’t have enough cash to fix them, accepting an all-cash offer is definitely the right thing to do.
WHAT IS AN ALL CASH HOME PURCHASE
An all-cash offer is a cash bid. It refers to the process of purchasing property without any financing or mortgage loans. Once you agree to the purchase price you can receive cash in a matter of days.
Why is an all Cash Offer Better?
The offers are typically more appealing to sellers as they don’t involve any buyer financing fall-through risks and cash offers allow for extremely quick closing times.
Why do sellers like cash buyers?
Many sellers go with an all-cash purchase offer over other options like traditional or FHA financing. Because we buy houses as-is, you will not have to clean out your house or spend any money making repairs. Simply pack what you need and we will take care of the rest.
HOW QUICKLY CAN A CASH BUYER CLOSE
Once you find a reputable cash home buyer everything goes rather quickly. Because there is no involvement from banks, mortgage lenders, and real estate agents, the closing time for purchasing is significantly shortened.
Once you sign the contract, you can close the cash sale deal in as little as 7 days. This period allows for enough time to escrow/title companies to clear title, finish paperwork, and provide insurance.
The Logistics of Using a Cash Buyer to Sell Your House
The logistics may include the timing of the purchase, negotiation on purchase price, your belongings and possessions, and/or moving dates.
Who buys title insurance buyers or sellers?
We will be the one responsible for purchasing the title insurance. So as the homeowner selling to a cash buyer like us, this is another advantage that comes with the process.
DO BANKS PREFER CASH BUYERS?
Many banks prefer working with cash buyers as they close the deal quickly and don’t mind investing in properties in need of repair. So yes, banks do prefer working with cash buyers in that regard.
WHY IS A CASH OFFER BETTER FOR A SELLER?
Cash buyers offer an array of advantages. For most people with distressed housing, cash buyers are always the most logical route to complete the sale of their home.
We can close on your property in as little as 7 days and there is no waiting for buyers to get the financing approved as you would in a traditional sale with a realtor.
Contact us today at 443-440-1511 for a free, no-obligation consultation and get a fair, all-cash offer on your house.
