If you think getting a cash payment for a house is too good to be true, think again. Cash-only transactions involve legit real estate investors who are in the business of buying properties and selling them for a profit.
Below are the main advantages of selling your house for cash:
The process is drastically faster. Cash-only transactions are undeniably faster compared to the conventional house-selling process. Once you and the buyer have set a price, you only have to wait for the paperwork and the payment can be transferred to you. This can all take place in one to two weeks, depending on how simple or complicated the details are.
A close is guaranteed.
Typical buyers can make it appear like they’re very sure about buying your property, but you can’t really tell what issues may arise. Their loan application may be disapproved, for example, or they may simply change their mind after finding another house that they like better. This can be totally frustrating, but you can steer clear of this scenario by choosing a cash buyer. Again, as soon as a price has been set by both sides, it’s good to go.
You get a rent option.
What’s great with cash-only buyers is that they explore other ways of gaining profit besides just selling the property. For instance, they may let you rent it so you need not look for another house to move into. This can be a huge convenience for you, especially if there are kids in your family.
It helps you survive a foreclosure.
If you need cash fast, a cash buyer will obviously give you the money you need. This may be especially helpful if you failed to make your mortgage payments and your … Read More ...