Cash purchases are now becoming popular and aren’t limited to the ultra-wealthy or foreigners. More and more people are now open to the idea of selling homes for cash. If you’re on the fence about the idea, here are five reasons why we think you should sell your house for cash:
A cash home sale doesn’t involve typical mortgage loan sale processes. The lending process has now become so complicated that securing a home loan has now become very difficult. In fact, banks have laid so many conditions that very few homes are now eligible for financing. Cash home buying eliminates these problems. Since you have the cash handy, all you need is a favorable home inspection report to go ahead and close the deal.
You can sell the house AS IS:
You get to save money on repairs and repainting since a majority of these homes are sold As Is. And if you sell your house to a real estate investor, you don’t have to worry about after-cleaning or repairs as well. Sellers can leave the place carrying with them, only the things they want and leave the rest for the team to take care.
You don’t have to worry about buyers backtracking:
Between the initial offer and final settlement, there are a dozen things that can go wrong. Maybe, the new owner found a better deal or has asked for a specialized home inspection report. Sometimes, buyers may find at the last minute that they don’t qualify for a loan!
Sometimes, a cash home sale is the only option available:
As we earlier claimed, banks have tightened lending rending some homes impossible to sell through a mortgage. Either the home is in a terrible condition, or the property is located in a bad or risky neighborhood.
You can sell your home to a real estate investor:
Cash home buyers like us offer to buy homes for cash – irrespective of its condition and location. We buy homes in Milwaukee, promising to close in less than two weeks. We’ll close when you choose and even pay for it!