While the conventional method of selling a home remains the most common, selling for cash is steadily gaining popularity.
There are numerous benefits to choosing a cash buyer.
With the traditional method, the process is time-consuming, stressful and risky. There are requirements for the buyer to qualify for a bank loan, including a home inspection. An older roof, even if it is in good condition, will not pass. The cost of a new roof is significant. Outdated plumbing, questionable electric and an older heating or cooling system can result in a big investment for the seller. The seller is then required to find licensed servicemen and schedule repairs and/or replacements. Once all of the necessary updates are completed, there are showings, photos and listings to deal with. There are the fees involved with going through a realtor. Very seldom does a buyer agree to the asking price. After a negotiation, there is still the potential of the offer falling through. With a cash buyer, there is no obligation. It’s very quick and simple to fill out an online form and provide a bit of information. In most situations, the cash buyer responds with an offer within twenty-four hours. The home seller can take some time to think it over, reject the offer or accept it. Once the offer is accepted, the sale is completed typically within ten days. The closing is wonderfully straightforward. The cash buyer accepts the property as-is. There are no demands for repairs or renovations. The seller is able to walk away from the property without any hassle, stress or complications. For anyone looking to get out of property ownership quickly or in need of cash, it is a great option.