5 Reasons to Sell Your House for Cash
Looking to sell your house for cash rather than going through the traditional financing process? In today’s housing market, it’s important to understand all options available to you in order to make the right decision about your house and your future—and cash-only buyers are in big demand. What’s all the buzz about? Read on to find out!
- Less Uncertainties. There are times in life when uncertainty can be exciting–and there are other times when it is just downright stressful. Selling your home definitely falls into the latter category–which is one big reason why many sellers are gravitating towards selling for cash. When you sell for cash, there’s no need to sit back and hope that your buyer’s finances to get improved. This leads right into reason #2:
- Fast Closing. With all the middlemen such as financial institutions and inspectors out of the way, closing the deal becomes much faster and simpler. In fact, when you sell your house for cash, the deal can usually be completed and finalized as soon as you are ready!
- No Inspection. Sometimes, getting financial approval depends on more than just the buyer’s finances. If, for whatever reason, a house fails to pass inspection, the financial institution can stall and/or prevent a deal from taking place. For people who don’t wish to spend time and effort repairing a house they only plan on selling, this can be a major hassle. And for those whose homes have significant issues, this can be a sale-preventing disaster! Thankfully, cash-only buyers are not beholden to any financial institution, and are thus able to make their own decisions and buy houses as-is. They are also more willing to overlook issues such as disrepair and maintenance cost because they have the independent financing to deal with these issues. In fact, some real estate solutions companies such as Blue Marble Properties are willing to put cash down for homes in any condition—even including houses that have fire damage, health code violations, etc.
- Increased Regulation on Lenders. The 2008 bursting of the housing bubble made a big impact on the economy and the national housing market—not to mention on the minds of the American public. In the years since the crash, a number of new regulations have been placed on lenders in order to prevent them from approving high-risk borrowers. Love ‘em or hate ‘em, these laws are impacting the amount of people who are able to get approved for financing—which makes cash-only buyers especially enticing.
- Professional negotiations with your bank. For those attempting to execute a short sale in order to avoid foreclosure, cash-only buyers can be a godsend. Not only can they close deals in a timelier manner; they can also work directly with your bank to negotiate a better deal—saving you both money and a major headache!
If you think that selling your house for cash might be right for you, contact Blue Marble Properties today for more information!