A buyer who knocks at your doorstep with a cash offer for a home you don’t want is a simple case of expectation v/s reality you want to target upon! But, don’t lose your hope! If you can dream it, you can make it happen. A BIG round of applause for cash home buyers who help you get rid of the old, unwanted home while getting you a fair cash offer. With such a golden chance on your side, it’d be a sheer waste of time and money to hang onto traditional home selling. Wondering why cash offer for we buy properties in Greenville is better? Read on to explore a variety of benefits that selling a house for cash can offer.
Benefits of Accepting a Cash Offer
Cash home sales are way more tangible than you think! Let’s look at a few.
- No Appraisal
With a cash sale, there’s no appraisal needed. Whereas, in traditional home sales, it is witnessed as a daily ritual where the buyer is expected to work with a mortgage lender.
To prevent financial risk (in case the home buyer forecloses in the future), the lender will dig deep to find out whether the house they’re being asked to finance is worth the amount of the loan.
In most cases, an appraisal is carried out to determine the home’s value. If an appraisal result shows “low”, the mortgage lender might opt-out from financing the home sale. This is the main reason why home sales fall out.
A cash sale is a way forward! The good news is that it doesn’t have an appraisal. With this, you no more have to deal with the mortgage lender, clearly removing a huge roadblock from the home selling experience.
- Fast Closing
Time is one of the most invaluable assets! This brings us to another point why cash offer outwits traditional home selling option. Cash sales are power charged with a fast closing. Again, the mortgage lending process is the black sheep to be pointed for creating a nuance.
Most sales come with a formality of mortgage to be underwritten. This process can swallow at least 30 to 60 days, which is a lot to handle.
In contrast, a cash sale remains unaffected on mortgage underwriting. That means home sellers both can overcome the risk of a deal falling through and save time on the sale process.
- Less Risky
Cash offers turn out to be the best bet than traditional ones. When showered with a plethora of options, it is a wise move for sellers to pick the buyer who offers the least risk chance. Usually, that option is none other than a cash offer.
4. Save on Repairs
In a traditional home sale, the inspection comes with a reminder to perform needed repairs. In most cases, the home seller is expected to either pay to fix problems or lower the home’s asking price. This is not a problem in home cash offers! In a cash sale, you have the freedom to sell as-is.
5. Stop Feeding the Money Pit
Does your current home behave like a money pit? Are you tired of spending all your money on unnecessary repair work? Many homeowners experience this feeling, especially with old and rotten homes. The good news is, you can stop wasting money by turning to We buy properties in Greenville.
6. Move Quickly
Do you want to relocate to hunt for better opportunities? Are you getting divorced? Or do you simply want to get out with the old? Don’t let a sluggish market ruin your plans. Just sell your home for cash, move out, and move on with grace.
Final Thoughts
Sellers are favoring all-cash home offers for a variety of reasons. Most importantly, because it offers fast closing, making it a far more easy and hassle-free process.
May home sellers voluntarily opt for a cash offer over a higher offer that involves conventional or FHA loan financing.
Why? It is mainly because a cash offer that is well-backed with a proof record of funds is more likely to close faster, take less time, and involve fewer obstacles.
Rather than taking a rough road- smooth out the process by accepting a cash offer for the home you want to sell right now!