It’s far from out-of-the-ordinary for homeowners to turn their nose up at the prospect of selling their property to a cash house buyer; but the snobbery and reluctance towards this option of house-selling is often unwarranted.
Cash house buyers are the perfect option for many prospective house-sellers out there, but why is that exactly? Why might selling to a cash house buyer be your best option? And how does this method compare to selling through a traditional high-street estate agent?
Let’s take a look...
Selling through an estate agent can produce double the paperwork compared to selling through a cash house buyer, and it’s often within the small print of that paperwork that some sellers are caught off guard. Some estate agents like to throw in some pretty nasty hidden payments which can really bite you in the backside after an already lengthy and pricey process.
One of the greatest advantages that comes with working with cash house buying companies, is the efficiency and lack of surprise payments. It’s a lot more beneficial to both parties if the process goes swiftly and smoothly; they give you a price, you can take it or leave it. Any additional costs are covered by the company and before you know it, you’ve got a hefty heap of bills heading straight to your pocket.
Anyone who has been through the process of selling your house through an estate agent knows that the turnaround isn’t exactly quick; the process can take weeks, even months, but not with cash house buyers.
As we briefly mentioned earlier, it’s in a cash house buying company’s best interest to get the transaction done swiftly, so there won’t be any dragged out dealings when working with them. They can sometimes complete in as little as 7 days.
Sometimes, for no clear reason, a house just might not be selling, even after being up on the market for a long period of time. If you’re looking to sell your property as soon as possible then it’s not worth waiting potentially months to even receive an offer.
Cash house buying is a great option for those properties which just can’t seem to sell through a traditional estate agent. They’ll purchase almost any house, regardless of its condition, as long as it has the opportunity to turn a profit in the future.
Unfortunately, a lot of buyers and/or agencies don’t offer much sympathy for any difficult personal situations you may find yourself in such as divorce, becoming a widow/widower, etc. And as such, a lot of the paperwork and documentation can prove a hassle and may cost even more to complete.
Cash house buyers, while not necessarily any more sympathetic, won’t charge you more for any personal situation you may be in; it’s simply the property they’re interested in. They can be flexible and are not boxed in to only dealing with certain circumstances. If you are in financial difficulties and need funds fast, cash buying companies can come in very useful.
Debt is a problem faced by many across the country and the world and becoming behind on payments is not uncommon. However, if you fall too far into debt, it could prove extremely difficult to get out. Selling your property may be the most feasible option to get out of debt, but estate agents certainly don’t make it easy to do so.
Cash house buyers make the process simple and get the cash to you quickly and efficiently, helping you start a new in no time.