When selling your home, it’s hard to know what the financing options mean in terms of time, what hurdles you may need to jump through, and how guaranteed the sale will go through. Many factors go into understanding what is best for your current situation. Getting a cash offer for your house may prove to be a better solution for your problem. Cash offers have a great many positives and very few negatives, no matter what your circumstances. Here are 5 reasons you should consider a cash offer for your house in Greenville as the best option.
Confidence
Being confident of the offer you accepted is one of the main reasons why you should consider a cash offer for your house in Greenville. Because it’s cash, weeks, or even months of worry about passing inspections, another benefit is that there is no concern about assessing the loan-to-value ratio (LTV), which lenders use to determine the amount they will lend on a given property. Just be aware that a professional cash buyer should be able to provide proof of their ability to fulfill their offer.
As-Is
In cash deals, especially with a direct buyer, the property is usually bought as it is or precisely as it is. While you may realize a little less for your home by accepting a cash offer, avoiding the expense and headaches of renovations, updates, and repairs is one of the reasons you should consider a cash offer if your home is not brand new for your house in Greenville. Not to mention the risk of post-crime detection and litigation over your transaction; in many cases, you can just remove what you want to keep and leave the rest behind with no final cleaning. If a cash buyer accepts the house as it is and requires appraisals and inspections as contingent liabilities, he has virtually eliminated the attractive features of cash offers. As a precaution, it is advisable to consult an independent appraiser to see what you might have in front of you should you opt for the traditional route of listing your home with a real estate agent.
Agents
While it’s never the wrong time to seek advice from professionals on your endeavors, when undertaking such large financial transactions, there are standards you must meet as the homeowner in your contract with an agent. These are expensive and time-consuming but come along with the services of a real estate agent. Among these standards are the nightmare and, more often than not, the ill-timed intrusions of showings. These are just a few of the hoops you must jump through, along with tons of paperwork, when you list with an agent. Finally, among the possible troubles that are intrinsic to listing a home in the traditional method, the buyer could be denied financing despite all efforts to complete the deal. You should carefully consider the benefits of accepting a cash offer for your house in Greenville and avoiding all of these frustrations.
Expenses
Your finances are a crucial reason why you should consider a cash offer; this is especially true if the last thing you want to do is pour even more money into your home. Traditionally, listing your home with a real estate agent means updating and improving the interior. Not only that, but you’ll also have to worry about curbing the appeal. Along with this, you may have to repair your home to pass the inspection, not to mention their high fees and additional costs. Along with these hassles come assessments, inspections, advertisements, and outfitting your home. If you are unable to stay in the house, you will not only bear the maintenance costs of the home while it is listed, but you will also have the additional expenses of a second residence.
Time
Time can be a motivating factor, and speed is yet another reason you should consider a cash offer for your house in Greenville. you have come to the decision to sell, whether you need to move due to a sudden life change, relocation due to employment or just ready to move up or down in living space. Cash offers generally close very quickly and offer an advantage of circumventing the unknown waiting period with traditional listings. When listing your home on the real estate market, after a waiting period of an unknown length, you’ll face the stress and tensions involved in the back and forth, extremely time-sensitive nature of offers and counteroffers in the negotiations over the purchase price.
If you are ready to save time, avoid repairs, skip the cleaning, forget about showings, paying high commissions and fees, Pitt Home Buyers is here to help. These are just a few of the reasons you should consider accepting a cash offer for your house in Greenville from Pitt Home Buyers. To learn more about how we can help you with your property, send us a message or give us a call at (252) 227-0274 today!