There is a significant misfit in the real estate industry. People have so many reasons for selling their homes, but are stuck with but three channels for doing 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 work with you differently, depending on the situation you’re in. Did you just get divorced? Trying to survive an underwater mortgage? Cash buyers work with your circumstances. Besides, these aren’t families looking for a house where they could settle. They’re investors who looking for a profit.
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. If you decide to sell to a cash home buyer however, they can bend along your time. Need to close in a week? They could actually accommodate such an aggressive timeline.
“As Is” Purchase
A house is salable- at least typically – if it looks attractive and is fully functional: no broken door knobs, no drain blockage, etc. Regardless, cash home buyers will buy your house and make your pocket fatter. Now that’s better than spending on home improvements that others will benefit from.
A cash buyer will give you all-in offer. That’s the exact amount you receive in your bank account. In some cases, after considering the repair expenses, you will even end up making more than you could through a traditional 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 visits from total strangers? Who likes doing that every week or even everyday? Selling a house rarely happens overnight, and your agent will naturally want a lot of people to drop by and see your house. In a cash house sale scenario, the buyer himself is the sole stranger you’ll have to deal with.
No Financing Troubles
Finally, after weeks or months of putting your house in the market, you find a buyer. But as closing time nears, you get the news: no bank or lender will issue them financing, or they couldn’t find an agreeable rate. They don’t push through with the sale, and by now, your house has spent a lot of time on the market, which doesn’t speak very well for it. A cash buyer eliminates all such possibilities.