Benefits of Selling Your Home to a Cash Buyer

Almost a third of all homes in the United States are currently being sold to cash buyers. This reflects both an increase in real estate investors as well as the attractiveness of a cash offer to many sellers. Cash buyers offer a number of advantages. Here are three benefits of selling your home to a cash buyer.

Sadly, buyers who rely on external funding to purchase a home are less free to make negotiations. Lenders have a host of rules about what can be included in the loan, how much they are willing to pay in relation to the appraised value, what inspections must be done, which repairs are required, and more. With a cash buyer there are no rules, which leaves the floor open for negotiations. For example, many cash buyers will purchase your home as-is, without all the repairs that a lender would insist upon. Or, you might be able to work certain inspections out of the contract. 

A cash offer is the most secure kind of offer. A cash offer communicates that the buyer has the funds available to purchase the property directly. With external funding, the offer is less secure. There are a handful of scenarios where a mortgage could fall through. Maybe the appraisal will come back too low; or an inspection might reveal issues with the house that gives the lender cold feet. 

Sometimes with a home sale, the most important factor is to sell quickly. Whether you are struggling to make your payments, you need to unload an inherited property right away, or you are being relocated for work, selling your home to a cash buyer will drastically reduce the amount of time it takes. This is especially true of home buying companies, who can often close within a week or even less. 

If you are lucky enough to have multiple offers on your home remember that a cash offer is golden. On the other hand, if you are struggling to sell your home the conventional way, you might want to consider selling to a cash home buying company. They will pay cash for your home regardless of the condition. Best of all, you can be done with it all in a matter of days. 

Are you looking for the security and efficiency of a cash buyer on the sale of your home? Look no further than Buy BHM. Click here to learn more about how it all works; then start the process now to get your no-obligation cash offer!