Why Houses Aren’t As Bad As You Think

Why Sell Your House for Quick Cash?

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 get to receive cash right away.

The first and most obvious advantage is the fact that you get cash whenever you sell your house to an investor. You already know by now that dealing with individual buyers who are in need of financing or bank assistance is something that will take a very long time to consummate. 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. As a matter of fact, we haven’t even started talking about the negotiation process in a traditional real estate deal, in which the long and very burdensome time required could take a toll on you and your patience. But because of the presence of a new option in the person of a cash buyer, you no longer are forced to go through those processes.

2 – There no longer is a need for an appraisal contingency.

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 of those thing important things that many homeowners are unfortunately unaware. Direct cash home buyers are not required to go through this process, which in turn means that the time needed to sell your home is substantially 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 – Closing is faster than usual.

Yes, it is quite true that selling your home the usual way, such as the willingness to negotiate with every kind of buyer out there as well as the interest to work with a buyer’s agent will give you a better opportunity to sell it for price you’ve always wanted. But one thing you need to understand is that closing will be a lot longer to realize since your buyer will typically apply for a loan first and there’s no guarantee he or she is getting one.

So if your main objective is to close the sale fast because you need the money, the traditional route is never your best bet. But with a cash buyer, you just have to wait a week or so to complete the sale.
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