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Notable Advantages of Selling Your Property to a Cash Buyer

If you happen to be in need to sell your home asap, you should know that your most viable option is to sell your property to a cash buyer. Although it might not be the traditional method of selling a property and that it comes to notable disadvantages, still many people are opting to take this route and the question is why? In this post, we’ll help you figure out if this really is the right option for you and we’ll do that by discussing the advantages.

1 – You can get your cash the quickest way possible.

The first and most obvious advantage is the fact that you get cash whenever you sell your house to an investor. You probably already know that if you’re going the common direction of dealing with individual buyers who need banks and finance institutions for them to purchase a house, the entirety of the process is just way too long and tedious. Furthermore, offering your house to an individual buyer in a conventional real estate deal also means having to wait for weeks or even months for a loan approval and then facing so many paperwork to read and sign. We’re not even talking about the burden of the back and forth negotiation process with buyer’s agents, which can take its toll on you, the seller. Thanks to the availability of a cash buyer, you now have another option in which you don’t have to go through the usual processes.
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2 – No more appraisal contingency.
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Aside from getting fast cash, selling your home without a realtor is also advantageous in a way that there no longer is a need to have an appraisal contingency. This is one thing that many home sellers aren’t aware of. Since direct cash home buyers are not really necessitated to undergo this process, it only means that the time to sell your home is significantly reduced. Also, this will come back to you as a great advantage since you are going to avoid dealing with buyers who have to apply for a loan first before offering you to buy your property.

3 – It will take lesser time to close the sale.

It cannot be denied that selling your home through the usual avenues like hiring a real estate agent and welcoming all sorts of buyers will give you the chance to reach a deal for a price you’ve been coveting. But then again, do not expect to sell it in a week or two since typical buyers will need at least 30 days to secure a loan.

So, you just have to accept the fact that going the traditional road will never be your best option if your primary objective in selling your home is to get cash as quickly as possible. With a cash buyer, closing is possible in a week or so.