There are many reasons why a selling a home fails like a house buyer changing his mind a problem that is discovered about the property at inspection, a buyer unable to get approved for mortgage financing, and breaking down of chains. These are real issues that need to be addressed in a home sale, so let us deal with them one by one. Keep in mind that home sales are not guaranteed until contracts are signed, and for those home buyers finding their new home, there is a great emotion attached and they may experience cold feet right up to the point of exchange, simply withdrawing from the 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. 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. 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 own a property that you want to use for less than six months, you may have struggling buyers and lenders, and the best option is a cash sale. 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 cash buyer or investor that is trusted, reputable, and reliable so you won’t be ripped off when selling your property. Check our homepage or website for more details so we can help you find the right home cash buyer for you! Be a smart home seller, save time and have your home purchased as it is.