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Advantages of Selling to a Cash Homebuyer

Advantages of Selling to a Cash Homebuyer

Selling an old house can be one of the most frustrating things that you’ll have to endure.

2019/07/22

Selling an old house can be one of the most frustrating things that you’ll have to endure. The real estate market has not been that promising in the last few years and your old home could take months or years before you get a buyer. The alternative will be to look for cash buyers who will give cash for houses. You get cash for the sale of your home and the process can be concluded in less than 28 years depending on the person that is buying the property. If you’ve been thinking about selling your property fast without a lot of complications, we have some handy tips for you!

How The Buying Process Works

It doesn’t matter which state you’re in, the principles for the selling process are basically the same.

It will in most cases start with a phone call. The purpose of the call is for the buyer to get the basic details about the property that is being sold. The buyer will go ahead and research the neighborhood so that they can include it as a factor in coming up with the value of the property. The buyer could decide to physically come to your home for further inspections before preparing an estimate. The closing of the sale will happen at the attorney’s office so that all potential issues are ironed out before putting everything to pen and paper.

Why Sell To A Cash Home Buyer?

There are several benefits you can get when you sell your house to a cash home buyer. The simplicity of the process makes it the best choice for someone trying to sell a home in a hurry. Some of the benefits include:

You Get Everything From the Sale

The process of selling to a cash home buyer is simple and straightforward. Since a real estate agent is not involved, you get to keep whatever that is offered by the person or the company that is buying the property. This is going to be beneficial as you could have an emergency, hence the reason for looking a cash buyer.

The Sales Process Is Faster

If you’re to sell a house using the normal route, it could take up to three months before you finally get paid. This will be after all the deductions that come with the sale of a property. There is also no guarantee that you will get a buyer immediately. Your house could take months on the market before you get a buyer. You will then have to wait a couple more months before you can finally get paid.

Selling your home to a cash buyer will eliminate all these problems. You will have the money in your pocket a few days after finalizing the sale of the home.

Sale is Less Likely to Fall Through

When you use the conventional way of selling a house, there is a chance that the sale might fail in the last minute for one reason or the other. This will mean going back to the drawing board to look for a new buyer. It could be the buyer did not get the loan approved or the house valuation was not what you expected.

Selling to a cash buyer means that you will be paid the amount you’ve agreed on. You’re assured of getting paid so long as you’re dealing with a credible company. The cash is yours once it is in your pocket.

Repairs Are Not Necessary

A cash buyer will not pay close attention to the status of the house. You don’t have to do a deep clean or carry out extensive repairs when you’re selling your home in cash. The company will buy the home as it is after providing an estimate. The buyer will not be looking at the damages or issues with foreclosure. Selling for cash will be the best solution if you’re not willing to put in the time and resources for the repairs of the home.

Finding the right cash buyer can be a challenging endeavor. It is important that you do your research before working with the person or the company. Ideally, you should be looking for a buyer from your locality with an already established reputation. You can ask your real estate agent for recommendations. Having a general idea of the worth of the house is also important so that you can bargain with the buyer. Make sure that the buyer has a physical address and an office which you can access should you have any concerns.

Laura Bartlett

Laura Bartlett

Northern girl Laura is the epitome of a true entrepreneur. Laura’s spirit for adventure and passion for people blaze through House of Coco. She founded House of Coco in 2014 and has grown it in to an internationally recognised brand whilst having a lot of fun along the way. Travel is in her DNA and she is a true visionary and a global citizen.