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Why Sell Your House for Quick Cash? If you’re one of those thousands of people out there who need to sell your home asap, you probably already know by now that your best available option is to sell it to a cash buyer. Obviously, it’s not the traditional way of selling a property and offering your house to a company that buys it in cash has its disadvantages, but why are we still talking about it? Well, in this article, let’s talk about the advantages and you’ll eventually realize it’s more than just a desperate option. 1 – You sell your property and get cash immediately. It’s no secret that the foremost reason why people go to cash buying investors to sell their house is because they will receive cash right away. If you take this process of property selling to the conventional means of dealing with individual buyers, who in turn will work with banks to finance the purchase, it will take a lot of time. The conventional real estate deal also means having to wait for an approval and staring at a lot of paperwork. In fact, we even haven’t talked about the wearisome process of negotiating with the agents of your potential buyers, which in turn could turn the tide against you considering you’re dealing with experts in the real estate industry. But because of the presence of a new option in the person of a cash buyer, you no longer are forced to go through those processes.
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2 – You get to skip the process of appraisal contingency.
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Aside from getting fast cash, selling your home without a realtor is also advantageous in a way that there no longer is a need to have an appraisal contingency. This is one of those thing important things that many homeowners are unfortunately unaware. Owing to the fact that direct cash home buyers are not required to go through this tedious process, it means that the time to sell your home will be reduced substantially. Also, this will come back to you as a great advantage since you are going to avoid dealing with buyers who have to apply for a loan first before offering you to buy your property. 3 – It will take lesser time to close the sale. There’s no argument with the fact that if you sell your home the usual way such as having an agent represent you and the openness to deal with all types of buyers will give you a great opportunity to sell it for a price you’ve always wanted or something very close to it. However, the biggest disadvantage is that if the buyer is in need of a loan, it means he or she will need at least a month to secure it before a deal is made. So if your main objective is to close the sale fast because you need the money, the traditional route is never your best bet. If you deal with a cash buyer, expect the closing to be done in a week.