September 15, 2017By Alex Romanov
5 Things Cash Buyers Can Help You with You Might Not Be Aware Of
You probably know that a cash buyer can take your house off your hands quickly, as-is, and pay cash for it, but what you might not know is that there’s a whole lot more they can do to make your life easier.
Whether you’re short on funds to move or have terrible tenants, here are five things cash buyers can help you with you might not be aware of:
A cash buyer can agree on a price and a purchase date up to a year into the future. That way, you have peace of mind that you’ll be able to have your property sold ahead of the move-out date.
A cash buyer can create specific terms of the sale that a conventional buyer can’t. For instance, you can lease your property to them with an option for them to purchase it at the end of the determined lease period, which could end up getting you more money for your home.
Having terrible tenants is not a good time, especially if they’re unstable or dangerous. And the eviction process can be lengthy and costly: between $2,000 – $5,000. And there’s no guarantees you’ll recover your costs.
Also, out of spite, the tenants could damage your house, which would require additional expenses to repair. An experienced cash buyer can take the burden off your hands and will sometimes buy the house with the tenants in place.
Getting away from a verbally or physically aggressive relative you live with can be difficult. And it’s hard to be discreet about selling your house when it’s listed on the MLS and there’s a large for sale sign in your front yard. Not to mention that a conspicuous sale can be dangerous.
Cash buyers can help homeowners sell their property quickly and safely.
In some cases, professional home buyers will loan the seller funds before the deal closes for expenses like moving costs, short term housing rental, storage rental, and other moving related expenses, sometimes within a day after signing the sales agreement. If you’re short on funds for moving, this can be very helpful.
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