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Why is a Cash Offer on a House Better For a Seller?

Why is a Cash Offer on a House Better For a Seller?

If you’re a New Jersey homeowner looking to sell your house, you’ve probably heard that cash offers are the gold standard. But what exactly makes a cash offer so much more appealing to sellers compared to a traditional mortgage-backed purchase? In this blog post, real estate expert Nancy Kowalik and the team of professionals at Your Home Sold Guaranteed Realty - Nancy Kowalik Group discuss why a cash offer on a house is better for a seller than a traditional sale.

Related Content: A Guide To Selling Your House For Cash

Key Takeaways:

  • Cash offers allow for much faster closings, often in just 2-3 weeks
  • There are no financing contingencies that could derail the deal
  • Cash buyers can sometimes negotiate a lower purchase price
  • You avoid potential appraisal or mortgage underwriting issues

Get Multiple, No-Obligation Cash Offers on Your House 

A Faster, Simpler Closing Process

One of the primary advantages of a cash home purchase is the speed at which it can close. With no mortgage financing to secure, cash buyers can close in just a couple of weeks rather than a month or two for a loan-backed sale. No more weeks of underwriting, appraisals, or other lender requirements to hold things up – just a straightforward path to the closing table.

No Financing Fall Throughs

Any seller’s worst nightmare is having their home sale fall apart at the last minute due to the buyer’s financing falling through. Whether it’s due to a job loss, credit issues, or the home appraising below value, up to 20-25% of mortgage-backed deals never make it to closing according to some estimates. Cash buyers don’t have to worry about getting approved for a loan, eliminating this risk entirely.

A Stronger, More Competitive Offer

Sellers understandably prefer the certainty and simplicity of a cash offer over one backed by financing. This makes cash offers significantly more competitive in bidding war situations. Cash buyers may even be able to negotiate a modestly lower purchase price since the seller avoids lender fees and potential delays from the mortgage process.

No Appraisal Woes

With a typical home purchase, the deal can be derailed or renegotiated if the property appraises below the contract price. Since cash transactions don’t involve lenders or mortgage appraisals, this common hurdle is avoided. The buyer can simply pay the agreed upon amount.

Fewer Contingencies and Hurdles

Speaking of contingencies, cash buyers often have the flexibility to waive common ones like appraisal, financing, or even inspection contingencies to make their offer more attractive. This provides the seller with the confidence of a smooth and straightforward transaction with fewer potential speed bumps.

The Bottom Line: Call Nancy for Multiple, No-Obligation Cash Offers

Nancy Kowalik. Why is a Cash Offer on a House Better For a Seller?
Nancy Kowalik

Whether downsizing, relocating, or facing another life situation that requires selling your home quickly and smoothly, a cash offer could be your best solution. To get started, simply call or text Nancy Kowalik at (856) 478-6562

Nancy can provide you with multiple, no-obligation, all-cash offers from reputable local and national home buyers. This allows you to directly compare each offer and choose whichever best meets your needs. Some cash buyers are even willing to let you rent back the home after closing for added flexibility.

Don’t let another day go by hoping for the perfect buyer. Call or text the best realtor, Nancy Kowalik, today to get your all-cash offers and pick the best deal – it’s fast, simple, and risk-free to find out what your home is worth for cash.  Don’t want to talk to anyone first?  No problem, simply enter your address here:  Get Multiple Cash Offers – and wait for the offers to come in!

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!

(856) 478-6562