There are a lot of reasons for house sales falling every year due to house buyers changing their minds, newly discovered problems about the property at the survey, buyers unable to secure mortgage financing, and chains breaking down. These are real issues that need to be addressed in a home sale, so let us deal with them one by one. Remember that not until contracts are signed, the home sale is not guaranteed, and there is a huge emotion involved for home buyers trying to find their future “home”, and any minute might get cold feet, backing out from the home sale. There is a cycle involved in this process of trying to find a willing conventional buyer for your home which is somehow challenging and frustrating.
Cash house buyers buy and sell property as a business, and there is no emotional attachment involved because the home sale is treated as a commercial transaction, so all processes are completed in very short time frames, thus giving the home seller a peace of mind. Upon accepting the offer, a home seller is guaranteed that the sale will be completed, without backing out, and you’ll have the cash in your bank account on the agreed date. Conventional home buyers may not have enough funds to rectify a newly discovered problem at survey, so they may end up getting cold feet, and a mortgage lender may also refuse to lend on a property with such problem. There are some issues wherein properties are un-mortgageable so selling them to a cash buyer is the only option, including properties with sitting tenants, defective or short leases, non-standard construction properties, or structural issues. Many people assume that they can borrow money more than what they are expecting but this is not the case with strict mortgage rules today. If you are selling your home in less than six months, you may have struggling buyers and lenders, so a cash sale is the best option for you. If you deal with a conventional buyer, expect to also deal with a long chain of real estate agents, solicitors, buyers, and inspectors, and there is a high probability of this chain breaking easily, leaving you empty-handed for a long period of time.
It is best to deal with a cash buyer or investor that is trusted, reputable, and reliable so you won’t be ripped off when selling your property. We will help you out to find the right cash home buyer for you, feel free to check us on our homepage or website now! You can save so much time, money, and effort selling your home to a cash home buyer or real estate investor today, so contact us for more details!