Should You or Should You Not Take That Cash for Home Offer?
It is highly likely you have seen lots of advertisements both online and offline of investors buying homes for cash. It is also highly likely it is something you are considering doing probably based on your strained financial status. Is it worth all the hype or there is more than meets the eye when it comes to cash for home buyers? The following are some of the notable benefits of dealing with cash for home investors.
The first reason is because the traditional route of selling a house is not only time-consuming but very costly especially when you rope in a real estate agent. An average real estate agent will be entitled to a whopping six percent should a sale go through. Dealing with cash for home investor negates the role of the real estate agent since the investor is the final buyer. Of course, you get to save a lot more than you could ever imagine beyond the six percent agent commission. Think about saving costs related to appraisals, inspections, seller concession fees, closing costs, etc.
Dealing with the cash home buyer is a direct process with no complications whatsoever. For one, the buyer is not relying on mortgage financing such that you are worried the mortgage may not be approved after all. Again, a cash home offer doesn’t come with closing delays or worries that the deal may fall apart in case the buyer doesn’t like your home. Keep in mind cash house buyers are buying these houses for investment purposes not to live in them. This can be translated to mean the emotional attachment to the sale and purchase process will not be there so there won’t be any delays.
Arguably the most attractive advantage is you get to sell the house as-is. Of course, you know this is practically impossible when dealing with a real estate agent that expects to find a house in its best form. It needs no mentioning fixing a home can eat up into your budget which is mandatory if you are to follow the traditional route. And then there is the whole hassle of overseeing and handling all the work, looking for and hiring the contractors, etc. All these troubles have been lifted from you when you deal with a cash for home buyer. And last but not least, this option gives you access to fast and reliable cash in a matter of days.