Houses: 10 Mistakes that Most People Make
There is a huge mismatch in the business of real estate. People have various reasons for selling their houses but have no more than three wasy to do 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. Recently divorced? Trying to survive an underwater mortgage? You have your story, and cash buyers will work around it. Besides, these aren’t families looking for a house where they could settle. They’re profit-seeking investors.
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. Through a cash buyer though, they may go by your schedule. Have to close in two weeks? 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. Cash home buyers will not look at these issues and just deposit cash in your pocket straightaway. Now that’s better than spending on home improvements that others will benefit from.
Selling to a cash home buyer means getting an all-in offer. That’s the exact cash you will get in your bank account. Sometimes, when you factor in the repair costs, you will realize that you actually made more than you could with a conventional sale. Indeed, you will have no fees to think of, no commissions to give to an agent, and just no contingencies. The offer the buyer makes you is the money you will receive.
No Visits from Strangers
Who wants visits from total strangers? Who wants to do it weekly or even daily? It may take a while for a house to be sold, and your agent will probably want to show it to as many people as possible. When it comes to cash house sales, the only stranger you deal with is the investor himself.
No Financing Troubles
Weeks or months pass by and finally, one day, you find a buyer. Near closing time, you hear the news: they didn’t get financing from a bank or lender, or they couldn’t find a rate that is logical for them. 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. With a cash investor, you will never have to worry about such a scenario.