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Why Sell Your House for Cash? Selling your house to a cash buyer may seem too good to be true, but the truth is that there are actually buyers these days that engage in purely cash transactions. The first question you might ask is: is this completely legal? After all, not all of us have the ready cash to purchase a house on the spot. Note however that cash-only buyers are often a group of individuals who have a common goal, and that is to buy properties quick and clean to make a profit – thus the available cash. So the question is, why would you want to sell your house to these people? Here are some really good reasons: Fast Closing
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There is no question that cash-only sales conclude faster. As soon as you and the buyer have an agreement, it is all a matter of paperwork and moving the payment. A cash-basis sale is often closed in as short as one or two weeks, depending on the terms that have to be settled. In a traditional purchase where buyers have yet to secure a loan, the process can take much longer.
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Assurance Though interested buyers may act like they will actually purchase the property, some difficulties can still occur over the course of the transaction. For instance, their loan may be disapproved, or maybe something happens and it makes them change their mind. This can be very frustrating for you, the seller. With cash buyers, a deal is done as soon as an interest has been expressed. Rental Option The nice thing about cash buyers is that after buying the property, they will usually either sell it or profit from it through another means. For some sellers, this may mean enjoying the option of renting their previous property, therefore not having to move to another home. Preventing Foreclosure If you need money fast, a cash buyer can obviously provide you with the funds you need for any purpose you might have. This is specifically true for failure to pay off your mortgage, raising the chance that your house will end up foreclosed. A cash sale lets you get the money fast, dodge deadlines and start over clean. Accurate Valuations Most people believe that there’s a catch with cash-only purchases, but this isn’t necessarily the case. Buyers generally initiate valuations to make they are fair for the two sides. That means you’ll be getting your fair share of the property instead of wondering whether you could have sold it to the other buyer at a greater price. Expediency Cash buyers are generally well-rounded in terms of the house-buying process, having all the crucial qualifications to conclude the sale as speedily as possible. This keeps you from having to pass through an extensive process, skipping some of the most common problems related to this type of transaction.

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