The biggest reasons why house sales fall yearly to include the following: a home buyer changes his mind, problems discovered about the property upon inspection, buyers unable to secure or get approved for mortgage finance, and chains breaking down. You might have been thinking why selling your home takes a long process, and these real issues are associated with them, so let’s learn why is this so. Until contracts are exchanged, the property sale is not guaranteed, and for those people buying a property to call their “home”, there is a great emotion involved and they might get cold feet right up to the point of exchange and just back out from the sale. A conventional buyer’s personal circumstances may change during that time, backing out from the purchase, and leaving you to start all over again.
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. Once a home seller accepts the offer of the real estate investor, all other processes run smoothly until the closing date, no withdrawing from the sale, and get cash payment without so much stress and hassle. If there are issues or problems with the property at the survey, a conventional home buyer may not have the funds to fix it, and a mortgage lender may refuse to lend because of the impediment. 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 are now struggling to secure or get approved for mortgage, and they can no longer borrow as they expected. 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. Expect that there is a long chain when dealing with a conventional buyer, involving real estate agents, solicitors, buyers, and inspectors, so there is a high likelihood of this chain breaking easily.
It is best to deal with a real estate investor or a cash buyer with a good and established reputation, foolproof credentials, and years of experience. Check our homepage or website for more details so we can help you find the right home cash buyer for you! A cash buyer will pay you real cash, no repairs needed, and save you more time.