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Why is a Cash Offer Better Than a Mortgage?

Over the last couple of decades, cash buyers and cash only sales of property have become increasingly commonplace. If you have ever tried to sell a home before or know people who have, you will likely know just some of the horror stories related to their experiences. When the sale of a house is dependent on the buyer securing a mortgage, not only can it be a long and drawn-out experience, but it can often be incredibly tense because at any time, without much warning, the deal could fall through.

That is why so many people are now turning to cash buyers and cash buyer companies. However, is a cash offer really better than one that is tied to a mortgage?

In the following post, we are going to address that question.

To help you make the most informed decision possible, we are going to look at the differences between the two options, highlighting the pros and cons of selling to a cash buyer instead of someone that needs a mortgage.

The Pros

As we have already touched on, there are a lot of horror stories out there about gazumping and instances where property sales have fallen through. Often, it is not even the fault of the buyer, who thought they would be able to secure the funds necessary with a mortgage lender and even received a mortgage in principle, only to have their application rejected. This is not the case when you choose to sell to a cash buyer.

Mortgage Issues Won’t Slow Down or Derail the Process

Cash buyers, by their very name, already have the funds necessary to buy your property once the sale process is complete and you agree on the terms. There is no waiting to see if they are approved for a mortgage, so there is next to no chance the deal is likely to fall through.

Cash Property Deals Eliminate Confusing and Complex Property Chains

Following on from the points we’ve already made, one of the main reasons why property sales are unsuccessful when conducted the more traditional way is that someone, at some point in the property chain changes their mind. Whether it is the buyer, their lender, their solicitor or someone else involved, this is an all-too-common problem.

When you choose to sell to a cash buyer, there is no complicated property chain. There is often just you and the buyer, that’s it. Naturally, in the same sense, as the old saying “too many cooks spoil the broth” because there are fewer people and organisations involved, there are less likely to be issued and the process is likely to be completed more smoothly.

Selling For Cash is Quicker

We’ve already noted how long it can take if the sale goes through or not is based on the buyer securing a mortgage. Even after the sale, which does not necessarily mean you will have access to the funds straight away.

When you choose to sell to a cash buyer, though, you simply need to agree on a price and then you can move forward. With a company like Cash Home, all the paperwork and documentation concerning the property sale is overseen by them. This cuts out a lot of the toing and froing with solicitors. As the money is going directly from their bank account to your bank account, you will be able to use the money from the sale much quicker than other property sale methods. Cash Home guarantees that the process can be completed within 7 days.

Therefore, if you are looking to sell up quickly because you have an actual deadline in mind, whether it’s starting a new job or taking over the care of an elderly relative, it is always best to turn to property cash buyers.


How do you feel about cash property buyers now, having read this article? Are you more at ease with the concept and can you see the very real benefits of choosing to sell to a company like Cash Home? If that is the case, why not request a valuation from Cash Home today and see how much they offer for your home. You can also contact them directly for more information or answers to questions you may have about the process.

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