If you think getting paid in cash for your house is impossible, think again. Cash-only transactions involve legit real estate investors who are in the business of buying properties and selling them for a profit.
Here are the key advantages of selling your house to a cash buyer:
The transaction closes faster. Without a doubt, cash-only transactions are faster than the conventional method of selling a house. 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 take place in one to two weeks, depending on how simple or complicated the details are.
A close is guaranteed.
Traditional buyers may make you feel like they are very sure about buying the property, but there’s no telling what issues may crop up during the transaction. Their loan application may be disapproved, for example, or they may simply change their mind after finding another house that they like better. This can be awfully frustrating, but you can avoid this scenario by selling to a cash buyer. Again, as soon as a price has been set by both sides, it’s good to go.
You get a rent option.
What’s great with some cash buyers is that they consider different ways of obtaining profit aside from just selling the house. 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 manage a foreclosure situation.
If you want cash ASAP, a cash buyer can obviously give it to you. This can be particularly helpful if your house Is facing 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 frees you of worries as to whether another buyer could have given you a better deal.
The transaction is convenient and efficient overall.
When people decide to sell their homes to cash-only buyers, it’s usually because they want the transaction to be completed as quickly as possible. The good news is they’re on the same boat as cash investors. After all, they’re looking for profit. A faster close means they will be able to renovate the property as well as make a profit out of it sooner.