Perfectly Logical Reasons to Sell Your House for Cash
Thinking of selling your house? If you want to do it the easy-breezy yet high quality way, then sell it to a cash investor. There are many good reasons.
A cash home buyer is not a family looking for a house where they can settle in. They are investors who want to earn a return. Therefore, you can expect them to be flexible and work around your situation.
Are you selling your house in line with a divorce settlement? Struggling with an underwater mortgage? Cash investors will be sensitive to your needs.
But that’s not all there is in terms of flexibility with a cash investor. Generally speaking, you even get the option of picking the closing date. Hardly the case with an agent. If you need to close quickly, this is obviously a big factor. Most cash buyers can accommodate even the tightest timelines, from five days to a few months.
No Repairs or Renovation
As you probably know, most houses need a lot of repairs just to sell through the traditional route. Agents may recommend all kinds of repairs and/or a complete renovation in order to make the property attractive to buyers. If your reason for selling the house is to meet a financial need, this is going to be a huge problem. Cash buyers, however, will buy your property as-is, which means you need not spend a penny on it because they will take care of everything after you close.
Zero Commissions, Contingencies and Fees
When you study offers, you shouldn’t focus only on 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). If you choose a cash investor, the all-cash offer is all yours.It will be the exact amount that will show up in your bank account.
No Financing Woes
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 a few acceptable contingencies and are on the path to closing. And then the bomb: their mortgage application was rejected. Where do you end up? Back to the drawing board. With a cash buyer, no such nightmare scenario is even possible.
When you sell to an investor, you don’t have to worry about the buyer sourcing the money to pay you. The transaction only involves you and the investor. The most uncertain step in the house-selling process is automatically removed when you sell to a cash investor.