The Top Benefits of Selling Your Home to a Cash Buyer
If you ever had someone make a cash offer on your house, pay attention to them. As long as they have proof of funds , this could be the most significant offer a buyer can ever present to you during the selling process.
By taking a cash offer, when selling a home, you can eliminate the need for third parties entirely and other headaches that surely will occur during a traditional transaction. That’s not the only benefit either.
You Do Not Have to Worry About a Third Party
What’s the most tedious part of buying and selling homes? Working with a mortgage broker or lending institution can be incredibly frustrating . Things can blow up in your face at any moment.
Upon receiving a cash offer for your home, you get all the money . No need to get a third-party or put the money in escrow. Just sit back, wait until the check clears and hits your bank account
Quick Closing Process:
Ever wondered why the closing process feels like an eternity? Main reason closing can take so long is because the mortgage and lending institutions must follow regulations before clearing the transactions. A buyer purchasing cash avoids this process entirely, and typically can close in less than 30 days
Lessen the Likelihood That Your Deal Falls Through Before Closing
If you ever experienced selling your home in any market , you might understand how heartbreaking it can be when that perfect deal falls apart. Most of the time, you already started packing and planning your next move or even worse you already purchased your new dream home, and now might have 2 mortgages to pay every month. Deals purchased with cash rarely fall through when they are real cash buyers.
Cash Buyers Know What They Are Looking For
Imagine yourself in the shoes of a cash buyer and about to willingly fork up a ton of cash. You would not make an offer like that unless you were certain this was the property you wanted. This is a massive advantage when you are selling a home. This buyer paying cash for your home knows what they want and will be very hard pressed to walk away.
Minimize The Fees You Pay to Brokers
Not only does the closing process of a real estate transaction take a long time, but it also usually costs thousands of dollars, to the sum of approximately 8% of the purchase price. This money pays regulatory fees to the brokers and realtors involved, and other costs associated with getting a mortgage also known as closing costs. Cash offers are without a doubt the most stress free way to conduct a real estate transaction, because you take out third parties entirely. That enormous 8% in fees goes directly to your pocket. If you want to get the most out of your property, this is without a doubt the way to go.
Selling a Home for Cash
Should you sell your home for cash? If you are looking for a fast transaction, maybe a job transfer or moving for your family, then yes. You should absolutely consider selling to a cash buyer. There are far fewer obstacles that would need to be overcome, this makes for a seamless transaction.
Homeinc can help! If you have any questions about your situation, contact the licensed professionals at Homeinc. We are here to help you with all your real estate needs. Call or text the team today 1-888-850-2636.