There is a huge mismatch in the business of real estate. People have various reasons for selling their houses but have no more than three wasy to do so. Depending on the way you categorize options, there could be a fourth: selling to a cash buyer, which offers a number of key advantages.
A cash buyer will deal with you based on your current situation. Did you just get divorced? Trying to survive an underwater mortgage? You have your story, and cash buyers will work around it. Besides, they’re not families in search of a house that they can settle into. They’re investors who looking for a profit.
Control Over Closing Date
With an agent, you will typically not have control over the closing date – not a very good position to be in. Through a cash buyer though, they may go by your schedule. Need to close in five days? They can accommodate a timeline as limited as that.
“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. Regardless, cash home buyers will buy your house and make your pocket fatter. That’s certainly better than improving a house that’s meant for others to live in.
If you sell to a cash investor, you will get an all-in offer. That’s exactly the amount that will be deposited in your 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 offer you get is the be all, end all amount.
No Visits from Strangers
Who wants to receive strangers as visitors? Who wants to do it weekly or even daily? It may take a while for a house to be sold, and your agent will probably want to show it to as many people as possible. When selling to a cash buyer, the only stranger you will meet is the buyer himself.
No Financing Worries
Weeks or months pass by and finally, one day, you find a buyer. But when it’s almost closing time, they break the news: they failed to find a bank or lender for financing, or they couldn’t find a rate they like. The sale falls through and by now, it has been some time since your house has been on the market longer, and that’s not a good thing. With a cash investor, you will never have to worry about such a scenario.