top of page

Advantages Of Selling Your House For Cash

 

Selling a house for cash is becoming a popular option for property owners who require selling their property fast. With the present credit clog and sluggish real estate industry, a lot of sellers are finding it hard to get qualified buyers. In its place, they are turning to investors who are able and willing to buy in cash.

 

Selling a property for cash has no difference with selling to Charlotte cash home buying company who gets traditional financing. Nevertheless, there are advantages with cash transactions which cannot be acquired when the buyer needs funding through a financial institution.

 

The main advantage of selling your home for cash is that the deal can be finalized in a matter of days as opposed to weeks. There are no long forms for filling out with the lender and also, there is no waiting for approval. Presently, banks are putting tighter restrictions on borrowers. For buyers at www.charlottehomecashbuyer.com/ to get mortgage approval today, it is mandatory that they have a decent FICO score and have the capability of providing a down payment for at least 2o percent.

 

It is well known that the economy is in the doldrums. With the ever-increasing unemployment rates, individuals are afraid of purchasing real estate property for fear of losing their jobs and then their property. They are not bold enough to take that risk. Almost every home proprietor is feeling the pain from the lack of qualified purchasers.

 

On the other hand, real estate investors are purchasing houses all over the country. A majority of them are buying property with cash just because traditional lending sources are no longer available. However, there is still an abundance of private money that is available. Established investors have the capability of tapping into that money to expand real estate portfolios for themselves and also for customers. Know more facts about home buying at http://www.huffingtonpost.com/news/real-estate/.

 

When selling real estate to a private investor, the seller gets benefits from their know-how. A majority of investors have skills in foreclosure and also short-sale transactions. Both need extensive knowledge and also developed relationships with various lenders.

 

Short sales are particularly tricky and need specific documentation. Home proprietors who have acquired short sale approval cannot of profiting from the sale of their property. Rather, they must find a buyer in exchange for the lender accepting less which is owed on loan.

 

The other advantage of selling houses for cash is you do not have to engage a real estate agent. This saves you a lot of cash in commission fees.

bottom of page