If you are in the process of selling property, there is a good chance as part of your research that you may have heard people talking about or read about people making a cash offer for property. Although this was normally a rarity in the past, it is becoming a lot more common. Generally speaking, people tend to sell a property and have to apply for mortgages before they can buy property.
If the idea of accepting a cash offer for your home sounds appealing, you may have several questions that need to be answered, such as:
- What is a cash buyer?
- What are the advantages of having a cash buyer?
- How do you get a cash buyer?
Property Cash Buyer – What Are They?
As the name suggests, a property cash buyer is an individual or organisation that has the funds available to make a cash offer for your home. They do not need a mortgage or to sell another property or other assets before buying your property.
What are the Advantages of Having a Cash Buyer?
- What is a cash buyer?
- What are the advantages of having a cash buyer?
- How do you get a cash buyer?
If you have ever sold a property before and had a sale fall through at the last minute you will know how frustrating and expensive it can be. You have put your house on the market, your estate agent has done an excellent job of marketing your home and finding the right buyers to view the property. There is a lot of interest and finally, someone makes an offer. It’s all looking good until the sale falls through before money has been transferred and the final signatures have been made.
You’d be surprised at how common the above scenario or something similar is when selling property on the open housing market in England and Wales.
Why does it happen? There are various reasons house ales collapse, including:
- Someone in the property chain changing their mind. Perhaps the buyer has found another property that meets their needs better or their situation changes and the purchase is taking too long.
- The buyer is unable to get the funds necessary from a mortgage company. The mortgage application process is a lot stricter nowadays and this makes it harder for people to secure the finance they need to buy a house.
- When the property was surveyed, a problem or issue was discovered that put the buyer off.
The best way to avoid these kinds of issues getting in the way of selling your property is to find an individual who can make a cash offer for your home. This will speed up the process and eliminate the need for a long property chain. However, they still may change their mind at any point in the process.
To avoid all of the issues and the chances of the sale falling through, it is better to look for a property cash buying firm like The Homes Buyer. After the valuation process, they will make a cash offer on the property and once you accept that offer, the sale will go through. They will even deal with all the paperwork, documentation and associated fees and won’t ask for a penny for their help.
When you choose to sell through The Homes Buyer, the only reason why the sale might fall through is if you decide to not go ahead with it.
How Do You Get a Cash Buyer?
If you are still interested in finding an individual to buy your property for cash, you could stipulate that you will only accept cash offers on your home in the listing for your house. The only problem is that if you are using an estate agent to sell your property, it can take time to find a guaranteed cash buyer. You also need to be aware that many estate agents tend to be a little economical with the truth when it comes to finding cash buyers.
Sometimes, for instance, they will say they have found a cash buyer when it is really an individual who can buy your property for cash, but only once they have sold their own current property.
As noted earlier, therefore, the quickest and easiest way to find a cash property buyer is by choosing The Homes Buyer. Get in contact with them today for more information or simply start the process by requesting a valuation on your property and a cash offer.
