A cash home buyer does not consider the appearance of your home like a buyer from the realtor. Direct house buyers with a cash offer the following benefits too aside from the one mentioned above.
Selling a home for cash saves a significant amount of money. You are not expected by the buyer to advertise your home to them because once you contact them, they will inspect the home themselves and take care of the costs of inspection. When the realtor use print media, their website and more to advertise your home, the expenses fall solely on you and dig into the amount the buyer will give you.
These professionals will take less time and charge you less to complete the documentation of your home that are vital for the transaction unlike when you do it yourself.
Selling a home for cash is more profitable than using realtor. You save the money you would have used to pay a realtor by selling the house for cash. If you deduct the commission of the realtor from the money you get from selling the house, it may not be enough for the emergency that compelled you to sell your home.
Selling your house for cash involves fewer legal procedures and documents than using a realtor. Selling the home to a cash buyer is less stressful because of the straightforward legal requirements that you should meet but ensure that both parties meet them for the transaction to be valid and legal.
There are no banks and other third parties in this transaction because the cash home buyer does not rely on loans to buy your house. The majority of buyers from real estate agents use mortgages to purchase houses. The transaction between you and a buyer who needs mortgage will take longer because you will have to wait until the buyer completes the paperwork and gets approved by the lender. On the same day that you sign the contract of purchase with the cash home buyer, the buyer will transfer the lump sum to you because the company has enough in its accounts to complete the transaction without delays. Avoid transacting with cash home buyers who wish to pay you in installments because that is not how it should go.
The buyer uses a secure payment method of your choice to transfer the lump sum to you. If the buyers request to bring the money to you in a bag or suitcase, that should be the last time you communicate with them because they have ill intentions towards you. The most reliable methods of payment for large amounts of money are e-payment methods like a bank transfer.
A cash home buyer does not change their mind last minute because this is how they earn a living. The mortgage lending institution may not approve the buyer from a realtor for the loan even after you reach on an agreement with the buyer and the buyer assures you that payment I on the way.