The cash house buyer is on the rise. In April 2021, 25% of house sales were all-cash deals. So, would you accept an all-cash offer?
In an increasingly competitive house market, it is essential to know about selling homes for cash. Buyers want to stand out from the crowd and secure a home fast. If you are selling your home, you may get cash offers.
Read on to learn five reasons to accept an all-cash offer on your home.
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1. Selling Houses Quickly
If you accept an all-cash offer, you will sell your home quickly. There are many processes that financed offers have to go through that can delay selling houses quickly. For example, you have to wait for a lender to approve their mortgage.
You also have less paperwork with a cash offer, which also helps guarantee a fast closing.
2. Survive Appraisal Issues
An appraisal is not required with an all-cash offer, although the cash house buyer may still want one. However, you do not have to worry about not getting a fair house price due to the appraisal. The cash house buyer has the choice over whether they want to accept the property’s price or not.
3. Save on Home Selling Expenses
You can save on home selling expenses with an all-cash offer. Most offers are direct, which skips realtor fees and other costs, such as repairs. Check out these fixer upper homes for sale by owners as an example.
There are fewer contingencies, such as financing and sales, but some buyers will still want an inspection contingency. You can also skip the marketing of your home and showings, which can cost money and time.
4. Fewer Risks
Selling homes for cash also comes with fewer risks. You do not have to worry about issues with contingencies, such as a buyer getting rejected for their mortgage. There is less risk that the sale will fall through, and you will have to start over.
A cash house buyer has the money they need and is choosing to invest in your home. As long as they are happy with the appraisal and other factors, you are guaranteed a close!
5. Avoid Stress
Do not worry about showings, repairs, staging, and other steps traditional home selling requires. You also do not need to worry about finding good realtors or losing time when deals fall through.
Accept an All-Cash Offer on Your House
There are many reasons to accept an all-cash offer on your house. Cash offers are one of the secrets to selling houses quickly and saving on home selling expenses. Get the fair house price you deserve with a cash offer!
There are many ways to find a cash house buyer, and there are agents who can help guide you through the process. Always make sure you ask for proof of funds and still only consider competitive offers on your home.
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