Is a Cash Buyer Better When Selling a House?
If you’ve ever sold a house, you are aware of how stressful the process can be. One in four or even one in three house sale transactions in the UK fail each year. Therefore, dealing with delays, issues with the property chain, and the heartache of a sale falling through are additional challenges that come with selling a home.
Accepting a cash offer on a house can frequently speed up the sale and reduce stress throughout the entire process. Choosing a buyer like Cash Home has so many benefits for you.
What is a Cash Offer?
A cash offer is an all-cash bid, which means the potential buyer wants to buy the house outright without using any additional finance or a mortgage. These offers are frequently more attractive to sellers since they remove the chance of buyer financing falling through and typically result in a quicker closure.
Some estate agents will assert that they have a cash buyer lined up and ready to purchase your home, but in reality, the potential buyer must first sell another piece of property in order to have the funds necessary to purchase your home. This does not, strictly speaking, constitute a cash buyer.
Genuine Cash Buyers
A cash buyer is frequently a home buying business or a firm representing a real estate or property investor who plans to buy the property for redevelopment or renovation. Genuine cash buyers will already have the resources available to purchase your house. If they don’t, accepting their offer will probably result in delays. Your customer is not a legitimate cash buyer if any of the following conditions apply to them:
- They need to borrow money from someone else to buy your property
- They want to pass your details on to another company that can buy your home
- They need to apply for a loan or mortgage before they can buy your property
- They must refinance personal assets to provide the necessary cash.
Less Financial Hold-Ups
Cash buyers do not rely on a mortgage or wait for the proceeds of a sale to secure a home. Because mortgage lenders are no longer involved, a sale is therefore less likely to fail. Although nothing is final until contracts are exchanged, a cash buyer gives someone selling their house peace of mind. That is often why cash buyers are so appealing to sellers.
Limited Property Chains
Since cash buyers typically do not join a property chain, the process can be simplified and streamlined once again. They are unlikely to need to delay the sale at any stage or cancel it entirely if there is no chain at their end. This might even imply that you can sell your house in as short as 30 days. With a cash buyer like us, your house sale has a much higher chance of succeeding than the 1 in 3 house sales that fail.
Less Stress For You
When selling your home, choosing a cash buyer like Cash Home means less stress and concern for you. We will be able to provide you with a rapid and fair value followed by a sale. Since selling a home is a famously difficult process, why not let us take care of the stress for you while you take some time to consider your options for your ideal future home? So that you may concentrate on moving forward and your future, our knowledgeable team is here to assist you in making this process go as smoothly as possible. At all times throughout the purchasing and selling process, they will handle the sale of your home with care and discretion.