Who is a Cash Buyer?
Simply put, a cash buyer is someone who can buy a property without the need for a mortgage or a loan. It also means they don’t need to sell their house to buy yours. All the money they need is available when they make an offer.
Why should you Prefer a cash house buyer?
Now a cash buyer undoubtedly has advantages for the seller, and avoiding a property chain is a very big one; those property chains are notoriously difficult to manage and often cause delays. If the seller’s property falls through, the whole chain can collapse, and everyone must start again; it can be a bit of a nightmare.
Whereas selling to a cash buyer will shorten the chain as they don’t have anything to sell, the first-time buyer has a similar appeal, although, of course, they usually need to arrange a mortgage, and this is something that cash buyers don’t.
Securing a mortgage on a property can take weeks, if not months, and many house sales don’t go through because buyers can subsequently not secure a mortgage they had wanted. Cash buyers also have the freedom to buy unique or unusual property that some lenders might refuse to lend on. So, a sale to a cash buyer is usually more secure and faster. Now speed is a big plus because the longer the sale process runs, the more likely it is to fall through, so it’s a win-win.
Often Cash buyers can move quickly, so when they put in an offer, they’re usually sure they want and can afford the property. A speedy, secure sale can sometimes outweigh the appeal of more money, but this is a common misconception since, by working with a cash buyer, a seller can save lots of money in real estate fees, repairs, marketing, etc.
If you’re looking to maximize the value of your property, selling to a cash home buyer may be the best option. Make sure that you have a realistic grasp of how much your home is worth before putting it on the market. Working closely with a reputable cash buyer in Houston can give you some safeguards. They will ensure proof of Funds every step of the way.
Selling your house to a cash buyer is a very secure way of getting a good deal on your house, oftentimes, delays can occur, and sales can fall apart even after an offer has been accepted. To avoid this, the cash buyer will stay on top of the process at all stages and will keep good communication with the seller, so you know what will happen at every single stage. Accepting an offer from a cash buyer should be a great move if you follow this advice.
Call us today if you need to sell your house in Houston, Texas
Do you find yourself needing to sell your property? We know that no two real estate situations are the same. That’s why we offer unlimited, customizable solutions. Whether you need to sell immediately or are looking to invest or wholesale, or you need to speak with someone about your situation, let us help.