Ever since the concept of quick cash sale came into being, it has always been a debatable topic and a bone of contention between cash home buyers and the real estate agents. As a homeowner selling a house, you must be going back and forth debating on the pros and the cons of using one over the other. However, when it comes to selling your house fast, the list of the benefits is lengthier than the disadvantages. The following is an in-depth explanation that will help you understand the advantages of selling your house fast.
It is Faster
It is no doubt that quick cash sales are faster. Once you and the buyer come to an agreement, you will get the papers drafted, signed, and the payment transferred from one party to another. A quick cash sale is closed in as little as one or two weeks, depending on the issues both of you need to iron out. In a typical purchase where the buyer has to secure a loan, the process may take a longer time.
Although buyers may act like they are interested in buying your house, the fact is that something can happen in the course of the transaction that may make them change their mind. However, in quick cash sale, the deal is almost done once an interest has been communicated by the buyer. With the payment ready for transfer, the length of time between the agreement and the sale is broken into a few days with very little doubt in between.
The beauty of selling your house fast is the guarantee that your house will be bought at a fixed price. This means you will get the money offered, whereas with a chain, a buyer may negotiate and the price of the house may be dropped. A variety of offers from potential buyers will lower the asking price but with the cash property buyer, you are offered a price after valuation, and you can walk away with 100% cash in seven days.
The estate agents fees differ depending on the nature of your contract. However, you can expect to pay 1%-3% and 20% VAT. A cash property buyer does not charge any form of fees. You will get the full payment agreed, in cash, unless there are any penalties, mortgage or debts secured on your house.
When you are in need of cash fast, only a cash property buyer can provide you with the cash you need for whatever purpose. This will be of great help especially when you are unable to make payments on your mortgage, and there is a high probability that your house will be foreclosed. You can prevent this from happening through a quick cash sale, bypassing the deadlines and giving you an opportunity to move on with a clean slate.
Most of the cash property buyers are quite conversant with the process of buying property, having the required qualifications to close the sale as fast as possible. This will prevent you from going through the extensive process related to the sale of a house. Some these buyers will also allow you to decide when to move out of the house. Hence, with this type of sale, you will have all the time to prepare and ensure that you move on at an orderly and relaxed pace.
These are just some of the benefits of selling your house to a cash buyer. Despite the many advantages, keep in mind that it is a good idea to choose your buyer wisely. Compare the buyers with each other before you finally make your decision on the sale.