Merits of Selling Houses for Cash Fast
The following are the merits associated with fast cash sale of real estate property.
It is a lot faster with cash selling than traditional methods, traditional methods takes time processing financial documents. A lot of those banking procedures and waiting for money maturity, especially if the offer depends on loan will waste your time of you are dealing with emergency issues. Cash sale of your property is your best way of avoiding some of the legal procedures involved with traditional selling method. It is more peaceful and effective selling your property for fast cash than using traditional methods. There are no agents involved, no commission and thus saves you a lot of money. Agent’s commission, on traditional methods, is normally about six percent of the total value of the property. Dealing directly with the client with no agents means you get more money sum because you will have eliminated the agents. If you bought a house and suddenly decide to sell, the value of the house may still be the same so involving a house selling agents means you will have to dig into your pocket to meet the commission value. Selling your house through traditional methods will require you to pay property costs such as mortgages, insurance and property tax. By selling for fast cash direct client, you may be able to offset such costs.
You will never know if the house selling agent quoted a different price to the client and a different one to you, this is bad if you don’t know the market value of your property. This means the value you will get is not genuine but for fast cash selling, the price is fixed and you will get genuine value. The transaction is fast and more secure than using the traditional methods where the buyer may be depending on loans from financial institutions to meet the price of the house. So there is no risk of buyer’s request for a loan being rejected since by the time of offer, he or she already has the cash in hand. For the fast cash selling, you may not have to worry about doing the repairs on your property as the buyer may offer to do it himself or herself. In traditional methods where a client is depending on bank loan, the bank may require property status report before giving the loan. This means you will have to bring your house to good shape before the assessment visit. Your sale will hang if repairs are to be done and you are running low on cash to meet the cost. Even after doing repairs, assessing experts may still find a small problem with your property and it pains starting all over again. Before approval, it will have cost you a lot of resources in terms of time and money.