If you need to sell your house fast in Lakewood, you are most likely thinking about the time and effort required. We buy houses in Lakewood, CA, and are always ready to present sellers with the best cash offers, but do you know why you should consider cash offers?
When you don’t consider cash for home deals in Lakewood, you are definitely going to sell the conventional way. Usually, this would require you to stage, clean, even make some repairs or upgrades. Traditional home sale processes are filled with uncertainties that cash offers waive easily. From the moment you have to find an excellent real estate agent to work with until closing, many loopholes can easily cause the deal to fall through.
Do you need to sell a home in Lakewood, and you feel anxious about the sale’s outcome, the process dragging, or even the stress over associated costs taking its toll on you? Fortunately, we’ve got you covered. So, if you need a quick home sale in Lakewood, you can rely on us because we buy houses for cash in Lakewood, CA.
Beyond word of mouth, why should you accept an all-cash offer over a traditional sale? Speed? Cost savings? Reduced time? Lower stress? Read on to discover the benefits of accepting cash offers on your house.
Benefits of Accepting a Cash Offer
1. No Appraisal
Cash sales require no appraisal. In most traditional sales, the buyer is financing the deal with a mortgage, posing a financial risk. In a bid to reduce the financial risk, the lender usually has to determine if the house they’re being asked to finance is worth the amount of the loan.
Usually, the process of determining the home’s value is appraisal which can either cause the mortgage application to be rejected or granted. So, if the appraisal comes in low, the lender can decide against financing the purchase, hence, why many home sales fall through.
Accepting cash offers takes appraisal out of the picture, and that’s a big obstacle removed from the selling process
2. Fast Closing
The dilemma with most homeowners is: I need to sell my house fast in Lakewood, CA, but how do I go about it? This leads us to discuss another benefit of cash offers over traditional sales. In as low as two weeks, you can close on all-cash sales. Again, the scraped mortgage lending process is responsible.
Traditional sales require that a mortgage be underwritten. And the process takes about 30-60 days: a lot can happen in this period. At this point, you’re probably saying, “I need to sell my house fast in Lakewood; I can’t afford to wait that long.” The buyer’s financial situation can worsen between pre-approval and loan finalization, causing the lender to reject the mortgage application. This automatically translates to another failed home sale deal
On the contrary, a cash sale is not dependent on mortgage underwriting; hence, little risk is attached to the deal falling through.
3. Less Risky
Because of the earlier mentioned benefits, cash offers are more potent than traditionally financed deals. Therefore, when you’re faced with several offers, cash and others alike, it’s advisable to pick cash offers that offer little or no risk whatsoever. Less trouble, alongside faster closing, cashing out on equity is what sellers enjoy for accepting cash offers. In truth, when you take the means of financing out of the picture, there’s less risk attached to cash offers deal falling through.
4. Reduced Stress
We buy houses in Lakewood, CA, and our testimonials are always filled with gratitude from homeowners for saving them the stress of cleaning, staging, making repairs or upgrades before the sale. Asides from preparing the home for sale, you must also find a stellar real estate agent to work with to walk you through appraisal, inspection, showings, and getting the house sold quickly.
Unfortunately, you always have to consider that the buyer can back out from the deal or lose his financing, and then you’d have to start all over again with a different buyer. How long do you have to keep doing for? When you can easily accept the best cash offer from us because we buy houses in any condition in Lakewood, CA.
Although you might be considering a quick home sale in Lakewood, and maybe you don’t want to draw out the process. Nonetheless, accepting cash for home in Lakewood reduces some of the stress.
Having explored the reasons why a cash offer is better when selling a house in Lakewood, you’re probably wondering how do I find a cash buyer for my property? We buy houses in any condition in Lakewood, CA, and yours shouldn’t be an exception. As long as you’re ready to explore the advantages of a cash sale, we’re prepared to make an all-cash offer.
