If you think getting paid in cash for your house is impossible, think again. Cash-only transactions are as real as they can get, and behind them are legit real estate investors who buy properties and sell them for a profit.
The following are great reasons to sell your house for cash:
The process is drastically faster. Cash-only transactions are undeniably faster compared to the conventional house-selling process. 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 occur within one or two weeks, depending on the details involved.
You can be assured of a close.
Usual buyers can act like the transaction will certainly push through, but there’s just no telling what things can happen over the course of 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 terribly frustrating, but you can avoid it by considering a cash buyer. Again, once you have agreed on a price, it’s all systems ago.
You could be given 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 instance, they may let you rent it so you need not look for another house to move into. This can be a big convenience for you, especially if your family includes small kids.
It helps you with an impending foreclosure.
If you want cash ASAP, a cash buyer can obviously give it to you. This can be particularly helpful if you defaulted on your mortgage payments and are about to lose your house to 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.
Buyers normally take care of valuations to guarantee fairness in determining the property’s cost and market value. This means you won’t have to worry about another buyer possibly giving you a better deal.
You can expect an overall convenient and efficient transaction.
When people choose cash-only buyers for their homes, it’s usually because they need a speedy transaction. The good news is they’re on the same boat as cash investors. After all, they’re looking for profit. The faster they close the transaction, the sooner they get started on renovating the property and making money out of it.