I need to sell my house fast. How can a cash house buyer help me?
Here are some ways that cash buyers streamline the process, helping you sell fast.
They have cash assets on hand to complete sales quickly
Many traditional deals fall through because the buyer does not have adequate funding. For example, if they would like to purchase your house, but it does not meet the criteria and standards of their lender, then their approval is revoked… and you are left starting back at square one. Whatever the specific set of circumstances that conspires to derail a sale, it can be an exceedingly frustrating experience.
One of the key benefits of working with a cash buyer is that they have the resources on hand to complete a sale. To put it simply: they make an offer, knowing that they have the capital required to cover it. Now, it is important to do your due diligence and select a cash house buying company with solid financial standing. Don’t just take their word for it; reputable companies are happy to provide you with evidence (e.g. Bank statements, investment details, etc.).
They take care of all the details
If you list out all of the tasks and steps involved in a typical house sale… you will be writing for quite a while. The deeper you get into the process, the more you realise just how many complexities and nuances are involved. In case you are thinking, how will I be able to sell my house fast? Well working with a cash buyer not only allows you to sell your house fast, it takes these myriad details off your shoulders. The right company takes care of surveys and valuations, instructing solicitors (and paying their fees), searches, document processing and transferal, contracts, exchange and completion. You have the luxury of using this time to pack, arrange removals and plan your next steps.
They have their process down to a science
Reputable, experienced cash buyers have developed highly efficient processes that streamline the sales process. Every step is strategic, perfectly timed and taken with precision. There is no uncertainty, and for this reason, there are no delays. They know exactly what they need to do and when. They also know how, having been in this niche of the real property industry for some time.
There are no lengthy negotiations with which to contend
After you make contact (usually via website) with a cash buying company, they return with an “‘offer in principle’ within 24 hours. You are free to accept or reject this offer. There is no pressure, and there are no obligations. It is your decision; you are in control. In a process as complex and often emotional as selling a house, knowing this is tremendously reassuring. If you accept the initial offer and decide to proceed, the company will instruct surveyors to conduct valuations of your home. They use this information to develop a formal offer.
This may be the same as your offer in principle; however, if the surveyors found issues that have a significant impact on the value of the home (e.g. faulty roof, leaking plumbing, unsafe wiring, etc.), then the offer may be reduced to reflect this. In only the rarest cases will a cash house buyer completely revoke an offer. The fact is that virtually every property has some value.
Again, you are free to accept or reject this offer. It is up to you. This process ensures you do not have to go through the challenging negotiations process. You simply make the decision that is right for you.
You don’t have to worry about deals falling through
Earlier, we mentioned that financing can fall through. This does happen. It also happens that buyers decide to pull out. Whatever happens, you need to start the entire process over again – and try not to feel frustrated at the weeks or months you’ve essentially wasted. With a cash buyer that has solid financial standing, you do not have to worry about this. The deal will go through if that is what you want.
They buy houses in as-is condition
This is huge. If you do not have the money and/or the time to make what could be extensive repairs and improvements, you can still sell your house. Cash buyers specialise in properties in as-is condition.
