Reasons why sellers like all cash offers. Reasons why buyers prefer paying cash for houses. Learn more benefits of paying cash for a home, in this video.
Reasons why sellers like all cash offers:
1. No appraisal contingency. Appraisals are not cast in gold. The most common method is reliance on comparable sales, known as the comparative method.
2. No loan funding contingency. Even though a buyer may be fully qualified to buy a home at inception, a hundred things can come up during the loan process. More commonly, lenders deny loans because the buyers’ qualifications change upon further scrutiny.
3. Faster closing. A faster closing puts money into the seller’s pocket sooner. A buyer does not need 30 or 45 days to close if the buyer is not obtaining a loan.
Benefits to buyers paying cash for a home: Buyers who pay cash for REO homes tend to win multiple offer situations. Here are other benefits for buyers:
1. No mortgage payment.
2. Sense of security.
3. Available equity in the event of a financial emergency.
4. Market fluctuations do not matter
5. No restrictions on title transfer due to underlying loan
We can buy your house fast in Texas! Markette Properties presents an unique, simple approach for selling your home! We are real estate investors. We buy houses in Texas just like yours! We are dedicated to the highest professional real estate standards for all of our clients.
Do you want to sell your house fast in Texas for top dollar with the least hassle? Give us a call! (210) 853-2788 or click the button below.