Because the cash home buyer has the funds to buy the property outright, the issues with bank approval are eliminated.
For many homeowners, selling their properties as quickly as possible is a priority. A cash offer on the house is advantageous. For those homeowners who don’t want to devote time, energy or money into preparing to sell, a cash sale is ideal. They avoid fixing things, making improvements, extensive cleaning and staging the home. Selling a home by way of the conventional route can take mucus. Real estate agents charge fees. It’s necessary to set up a home inspection, take photographs and deal with negotiations on price. Selling a home for cash provides a lot of benefits when compared to the traditional real estate marketplace. There is far less stress, fewer costs and less time spent on completing the process. There is much less risk of the deal falling apart. A buyer who requires financing needs bank approval. The bank won’t provide lending if there are concerns with an older roof, foundation, plumbing, electrical or HVAC. Investing into a new heat pump, new roof or an updated electrical panel is expensive. The cost comes right out of the homeowners pocket. If the deal goes through, the homeowner loses part of the money to closing fees and the realtor. A cash home buyer provides a much more transparent process. They make an offer on the home “as-is.” There are no contingencies or expectations to make repairs or renovations. The homeowner doesn’t even need to clean up. The cash offer is a take-it or leave-it option. There is no haggling. Because the cash home buyer has the funds to buy the property outright, the issues with bank approval are eliminated. There are no inspections, staging or showings. A local Jacksonville, Florida, home buyer provides an offer the same day they receive an inquiry. They speed up the closing process for completion in under ten days.