There is an undeniable mismatch in this business called 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. Fresh out of a divorce? 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. They’re profit-seeking investors.
Control Over Closing Date
Selling through an agent, you’re usually not in control of the closing date, a position that isn’t exactly great to be in. With a cash home buyer, they can can close on 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. With cash home buyers, these issues do not matter and you will still get cash in your pocket. That sure is better than spending money on a house for other people to live in, right?
If you sell to a cash investor, you will get an all-in offer. That’s the exact amount you receive in your bank account. Sometimes, when you factor in the repair costs, you will realize that you actually made more than you could with a conventional sale. Indeed, you will have no fees to think of, no commissions to give to an agent, and just no contingencies. The amount you are offered is the actual amount you will receive.
No Strangers in the House
Who wants to receive strangers as visitors? Who wants to do it weekly or even daily? It can take some time to sell a home, and your agent will have to show it to a A good number of people. In a cash house sale scenario, the buyer himself is the sole stranger you’ll have to deal with.
No Financing Troubles
After all those weeks or months of waiting, you finally find a buyer. Near closing time, you hear the news: they didn’t get financing from a bank or lender, or they couldn’t find a rate that is logical for them. The sale doesn’t push through, and by now, your property has been in the market for a while, which isn’t the best thing. A cash buyer eliminates all such possibilities.