If you’re thinking about selling your home, you may be hesitant to consider a cash buyer. You might focus on the traditional buyer who gets a home loan to pay for the property. However, a cash buyer has several advantages that might make you give their offer a closer look.
- Cash in Hand
The most obvious reason to choose a cash buyer is because they have cash to pay for the property. They don’t need to go through the traditional lending process to get approved for the purchase. They either have the money in their bank account or investors who are willing to finance the deal. Why is this a benefit for you? Because you can close on the property sooner.
Cash buyers are generally investors who buy multiple properties. They have the funding in place, which makes the process a lot easier for you. With a traditional buyer, the transaction can fall through if something happens with the loan.
- No Worries About Repairs
Do you worry about repairing doors that don’t close correctly or replacing old carpets? If your home is older and hasn’t been kept up, you may need to make a lot of expensive repairs to get traditional buyers to consider the property or lenders to finance it. With a cash buyer, they often won’t require you to make any repairs. You can sell the property as-is for market value.
Many times, the cash buyer won’t even ask for a home inspection. If they do want an inspector to take a look at the property, it’s just to help them plan for repairs after the purchase. Traditional buyers may request repairs to be made after an inspection, which can delay the closing date and cost thousands of dollars out of your pocket.
- More Flexibility, Less Stress
Are you worried about selling your home? Maybe you’re concerned about how long the process will take or if you’ll find a buyer who wants a house that’s less than perfect. One of the advantages of selling to a cash buyer that you may not think of is having a smoother, less stressful process. Traditional buyers are often buying their first or second home while cash buyers purchase homes regularly. They know what to expect with the process and aren’t worried when little issues arise.
Cash buyers can have more flexibility in closing on the property. If you need to get out of the house right away, they can often close in just a week or two. If you need longer to get moved out, many cash buyers will allow you to take the extra time.
Consider talking to a cash buyer when you’re ready to sell your home. Contact LV Cash Buy and let us provide you with a competitive cash offer within 24 hours. We’re here to buy your Las Vegas home.