There are a lot of reasons for house sales falling every year due to house buyers changing their minds, newly discovered problems about the property at the survey, buyers unable to secure mortgage financing, and chains breaking down. In a home sale, home seller find these problems for real, so allow us to share with you details of it. 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. This will leave you starting the entire process of listing your home, and finding a good buyer 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. Upon accepting the offer, a home seller is guaranteed that the sale will be completed, without backing out, and you’ll have the cash in your bank account on the agreed date. 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. The different problems that make a property not qualified for mortgage include defective or short leases, sitting tenants, 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 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. If you deal with a conventional buyer, expect to also deal with a long chain of real estate agents, solicitors, buyers, and inspectors, and there is a high probability of this chain breaking easily, leaving you empty-handed for a long period of time.
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. Allow us to help you find the best cash buyer for your home, contact us today through our homepage or website now! You can save so much time, money, and effort selling your home to a cash home buyer or real estate investor today, so contact us for more details!