Merits of Selling Your House for Cash
To buy a house requires a lot of money which is why you may not be able to get a buyer within minutes of putting your house up for sale. Contrary to what you might have been led to believe, selling a house does not always involve the real estate agent. Therefore, if you can get a cash buyer then there is no reason why you cannot sell the house at that particular time. When selling a house using an agent, even when you are receiving many offers, nothing is guaranteed until the contracts are signed. You cannot be too sure with the deal because some people might change their minds at the last minute. The buyer might find a better a house or find the commitment too demanding. When a buyer is attaching too many emotions to the deal, there is a high possibility that the deal will be tanked. You will be back to where you started which can be a great inconvenience. Cash buyers know what they want and they bring the money to the meeting which means at the end of the session you will have closed the deal.
Most house deals will fall through in about 3 months. On the same note, there is no guarantee because the lifestyle of the buyer you are counting on might even change. In the event that you wanted the money quickly, this will be a great inconvenience. With cash sale, you will get your money within days so that you can take care of what you wanted. The companies do not attach emotions to the deal which means the moment you accept the offer they have made you will get your money as soon as possible.
House inspections are a requirement before an agent puts up the house for sale and if the potential buyers see that there are some issues in the inspection report, they might pull back. No matter how minor the problem is, it might be the reason it takes forever for someone to agree to buy the house. When you find a cash buyer, you do not have to worry about the state the house is in because you will get your money either way. In addition, the cash buyer pays for the home inspection which is an advantage because you will not have to use more money to see the deal through. Therefore, given the options, a cash sale is much better.