When you think about selling your house, what does the process look like in your head? Does it involve dreading taking forever to find a buyer and the anxiety that comes with waiting for the deal to be closed? What if you didn’t have to deal with any of that? Did you know that you can get paid in cash for your house?
Selling for Cash
If you’ve never heard of selling your house for cash, it may seem like a strange idea. After all, most of the time people who buy homes must first obtain financing in the form of a mortgage in order to afford a house. Not so with a cash buyer. Cash buyers have funds of their own on hand already. Once you’ve agreed to their offer, the agreed upon amount becomes yours.
So who can buy a house with cash? In many instances, cash buyers are businesses of some sort. They may be house flippers who purchase homes that need some work, fix them up, and then sell them for a profit. Others may be people who purchase properties, get them back into shape, and rent them out for some time to turn them into a regular source of income.
How the Transaction Works
When you think about selling your house for cash, what comes to mind could be images of a suitcase full of money that gets passed on to you. That’s not quite how these sorts of transactions usually go. Think about it: carrying around that amount of money isn’t exactly safe or secure. Instead, the money is generally transferred to your account electronically. It’s a much safer, simpler process for everyone involved. It’s also pretty quick. How quick? You could have the money in your account within as little as a single week. That definitely beats the months that closing can take under more traditional circumstances.
Getting cash for your house may sound too good to be true, but it’s not. In fact, it can be an amazing option for anyone going through foreclosure or divorce, who has inherited a property they can’t or don’t want to keep, or who has a home that is a little extra run down. What’s even better is that the process is quick and easy, and takes little work on your part. Really, why wouldn’t you want to get cash for your house?
Ready for your cash offer? Click here to get yours from WNY Home Buyers today.