Advantages of Selling to a Cash Buyer

by Bea Weiss, Real Estate Consultant | Thursday, February 11, 2016

Advantages of Selling to a Cash Buyer

Selling your property to a cash buyer might sound too good to be true, but the fact is that there are many buyers today that buy properties with cash only.

Nationwide one in three buyers paid all-cash to close on their real estate transactions near the end of 2015. The share of all-cash transactions however dropped to 33.9 percent in October year-over-year – way down from the 46.6 percent peak reached in January 2011.

As we work with many international buyers, the percentage of cash buyers in our company is much higher. Internationals often don´t need and more important don´t want to have financing on their investments homes in the states. In fact, about 80% of our international buyers buy their properties with all cash, the others bring at least 50% cash to the closing table.

Here are the main advantages of selling a home to a cash buyer:

Speed of the Sale

When someone buys your house for cash, it can ultimately save lots of time. Instead of waiting for appraisals and financing approvals and hoping that everything goes well with the sale, a cash sale is much faster. When you’re facing financial difficulties or you need to sell your home quickly to relocate, the speed of the sale can be essential. When you sell you house for cash, you will be able to get the money that you need in time to be able to relocate and buy a new home quickly.

Avoiding Complications

One of the biggest advantages to a cash offer is that it is more secure than a transaction that needs financing. Home sales that involve financing can unfortunately have different complications. In some cases, you may accept an offer, only for the buyer to be unable to get a loan. In other instances, the appraisal does not come in for the agreed upon sales price. If the sales falls through because of such complications you need to start taking offers again, prolonging the sale process. When you sell your house for cash, however, this won’t be a concern.

Advantages of Selling to a Cash Buyer