The real estate industry is an unpredictable beast. In the current state of our economy and our nation, the real estate market has taken some strange turns. The economy is currently affecting everyone, and it may have you thinking about the real estate moves you can make. While you may have real estate needs, what you see may have you shying away from entering the world of real estate right now. However, the cash offer has remained steadfast in their reliability, ease, speed, and effectiveness.
If you need to make your next real estate move, but need more control than what the market currently offers, a cash transaction may be your solution. Before you dive in, make sure you understand these key features of cash offers.
Speedy Transactions
If you have not done a normal real estate transaction before, you may not know the stress and pitfalls that can come up during a transaction. Getting an offer accepted is only a small part of the process. After that, you still have weeks to months until a sale could potentially close due to inspections, approvals, and contingencies. A real estate transaction is rarely a speedy process. Cash offers are different and can bypass those weeks to months of waiting. Cash buyers already have the money to buy your house on hand, so you get to bypass approvals. They will also often buy your home without any inspections. These allow for a seamless sale that can be done as slow or as fast as you want!
Certainty and Reliability
When you are able to bypass all of the approvals and inspections, you also get some peace of mind. Each step in the escrow process comes with a risk of the deal falling through. The majority of your potential pitfalls are going to be on the buyer end. With a cash buyer, you won’t have to worry about those potential issues! With cash funding, you don’t have to worry about funding falling through if your appraisal is different than expected. You won’t have to worry about something popping up in an inspection and the deal stopping dead in its tracks over something that’s found. Accepting a cash offer allows you to have a sense of certainty that this deal will close when you want it to.
Competitive Edge
There is no question that the real estate market is constantly competitive. When there are plenty of sellers in the market, it can be difficult to make your house stand out. While you may feel your home is better than the rest, buyers won’t have the same sentimental attachment as you. From updating your house, redoing the outside, or configuring a deal that is attractive to a buyer, there are plenty of things that can help you stand out amongst the crowd. If you put your house on the market, cash offers are ones that tend to stand out. Even real estate agents like them for their sellers because of their reliability. But seeking out a cash offer on your own can save you significant time and money instead of waiting and hoping that one will come your way.
Flexible Terms
Cash offers are especially beneficial for those who have very specific needs with the home sale process. If you need money fast, you may not be able to wait until your house sells. You may also not be able to afford to fix up the house to make it sell faster. If you need cash fast, or you need to not have the property payments for another month, cash transactions are the ideal way to go because they can be on your terms. If you need a shorter escrow, they can make that work. You can get your cash fast and move onto your next chapter as soon as you need. Or you can wait a little longer but be secure that a cash offer is ready when you need it.
Opportunities for Distressed Properties
If you are looking at the market and seeing homes selling that are more fixed up, more modern, more updated, and have a growing concern that your house won’t sell, cash offers are here for you too. For all of the reasons we have discussed, your property is a great fit for a cash sale. Cash buyers usually look for houses like yours, ones that struggle to get buyers through the door get an offer. Not only will this be an easier and cheaper process than putting your property up on the market, but there is someone out there who wants your house just the way it is!
Cash Offers Can Be The Way To Go
Eric with ASDM Homes is the go to guy for cash offers in San Joaquin and Stanislaus County. Cash offers can help you sell your house quickly, for a fair price, without the need for repairs, inspections, or having strangers walk through your house at a moment’s notice. Selling a house on the market can be a long and difficult process. Selling your house does not have to be.
If a cash offer is what’s right for you, Eric with ASDM Homes is here to help! We can give you a fair cash offer, help with all the details, and streamline the process to help get your home sold and cash fast! Contact Eric today to find out what you can get for your home and how quickly you can get that cash in hand!