Real Estate
It happened! Though it was a minimal change this month, interest rates have dropped. Rates are lower than they have been since February 2023. This could be the start of a wave of buyers entering the market looking for a new home. And it may be the perfect time for you to sell your home
Will You Join In The Buyers Market?
The past 6 months have brought rates down a fairly significant amount. The result is that mortgage payments are down hundreds of dollars a month. This brings home ownership within reach for several more people. In the current buyers market, you could be one of those buyers!
The real estate market is still ever changing. If you are wanting to take advantage of these rates now before they change, selling your home quickly may be a huge factor in whether or not you can take advantage of it.
Benefits of A Cash Transaction
When looking to sell a home, you may consider doing a cash transaction rather than selling it the traditional route. Cash transactions are common in California and have many benefits for those who are needing to sell their house quickly. There are many benefits that come with taking a cash offer when selling your home. Though it may not be the popular thing to do, and you may have a number of realtor friends, the benefits of this process are appealing to so many people who are needing to sell their home quickly. It can also help you avoid potential pitfalls that many others go through when selling a house.
- Full Payment: A cash buyer is able to provide all of the money to purchase your home up front. This also gets rid of any need for the buyer to get a loan approval, which means you won’t have any hold ups with the process or receiving a mortgage.
- Faster Closing Process: Since accepting a cash offer bypasses the loan approval process, selling your home can close much faster than deal done the traditional way. If you need to sell your home quickly and not leave deals up to financing problems, cash offers are the offers to accept!
- Reduced Contingencies: Cash offers often come with fewer contingencies compared to financed offers. For example, buyers may waive appraisal and financing contingencies since they’re not relying on a lender’s valuation or loan approval. You also will likely not experience any requests for repairs or credits as you move through the closing process.
- Increased Certainty: A cash buyer can give you as the seller, a greater sense of certainty that the sale of your house will go through. When Eric buys homes, you don’t have to worry about financing, inspections, repairs, or prolonged negotiations. Without all of the hoops, there are much fewer pitfalls that the deal may come to.
- Easier Transaction: Selling your home to a cash buyer streamlines the transaction process by eliminating the need for lender involvement, reducing paperwork, and simplifying the closing process. This can result in a smoother and faster transaction for you!
Cash offers are a great asset to sellers, allowing you to have an enjoyable transaction process. The process is tailor made for people who have specific needs that are hard to cater to when listing your home on the open market. The cash buyer has more freedom to offer you what you need. Need more time? Don’t want to do upgrades? Don’t want to risk the financial side of the deal to fall through? These type of desires make the thought of taking a cash offer for your house appealing
Selling With ASDM Homes
Eric with ASDM Homes has specialized in cash transactions in San Joaquin and Stanislaus for almost 20 years. He is here to help you make your next real estate move as quickly as possible! Contact us today to start the process and allow Eric to give you a cash offer on your house.
