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. 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. A conventional buyer’s personal circumstances may change during that time, backing out from the purchase, and leaving you to start all over again.
Cash home buyers buy and sell houses as a business, so there is no emotional attachment involved because it is treated as a commercial transaction, and all processes are completed in a short time, thus giving the home seller a peace of mind. Once you accept the offer of a cash buyer, the sale is guaranteed, so there is no chance of backing out, and you can enjoy your cash payment for whatever reason you have. 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. 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 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 are selling your home in less than six months, you may have struggling buyers and lenders, so a cash sale is the best option for you. Dealing with a conventional buyer is a long chain of buyers, sellers, lenders, real estate agents, and solicitors, and there is a high chance of breaking this chain because of different mindset and opinions.
When looking for a trusted and reliable cash buyer, you need to ensure you are dealing with a company or investor that won’t rip you off, giving you the best benefits of convenience and quick sale. We will help you out to find the right cash home buyer for you, feel free to check us on our homepage or website now! Be a smart home seller, save time and have your home purchased as it is.