Have you ever heard of selling your house for cash? It may be a bit of a strange concept, given that most buyers require financing in order to afford a house. It does happen though. Sometimes individuals, but more commonly cash home buying companies, will pay for houses with cash. So what does that mean for you?
Cash vs Financing
There are some important differences to be aware of between a buyer who pays with cash and one who needs financing. One of those differences is what the buyers are looking for. A buyer who requires financing will typically be looking for a home to live in. A buyer who is paying in cash, on the other hand, is more likely to be looking for a property to invest in. That can mean that homes that wouldn’t normally attract a traditional buyer might be ideal for a cash buyer.
The Offer
The offer itself can be impacted by the fact that the buyer is paying in cash. There may be less room for negotiation on the part of the buyer, so odds are the offer they’re going to make is as high as they’re willing to go. Ideally, it will be an offer that considers the value of the home, its condition, and the value of similar homes recently sold in the area. If the offer comes from a cash home buying company like Offer Hut, that’s the sort of offer you can expect: fair, with no obligations or strings attached.
Closing
Normally, closing the deal on a home can take a minimum of 30 days. That’s because selling your home to someone who is paying with a mortgage needs to make sure that the lender has approved both themselves as a borrower and the house. That can take a lot of time, especially if things don’t go completely smoothly the whole time. On the other hand, closing with a cash buyer takes a lot less time. When you close with Offer Hut, for example, you can pick the date when we close so it can be as quick as you like.
Selling a house for cash can be a great opportunity for homeowners who need to sell their homes quickly and with minimal fuss. While everyone’s situation is different, it’s not unheard of for homes to be sold in as little as 30 days, thanks to the expertise and streamlined process you can take advantage of when you sell your house to Offer Hut for cash. For a quick, easy sale of your home, we’re your go-to guys!
Want to learn more about selling your home for cash? Click here to see how selling your home to Offer Hut compares to selling your home with a local real estate agent!
