An additional benefit of a private cash buyer is that they are not limited by financial contingencies such as mortgage approvals, and can close on a home without the assistance or approval of a financial institution. This means there are no hidden hoops, no uncertainty, and they are able to provide cash offers largely free of uncertain variables. This is an added benefit for those looking to sell quickly. Cash buyers, such as BC House Buyer, provide lump-sum payments to sellers and thus do not depend on brokers or lenders for their purchase.
Sense of Urgency
Also, a sense of urgency is what motivates sellers, but is often a hindrance as they can only sell as quickly as a buyer is willing to buy. In that regard, cash buyers are time efficient as they can provide an offer within hours of the first discovery call with the homeowner, and provide sellers with the opportunity to select a closing time frame that fits their life’s busy schedule. They are able to do so as they are not immediately occupying the home in the way a regular Joe purchasing on the open market would be, and thus do not operate on the same lengthy time lines. Additionally, cash buyers aren’t waiting for their home to sell before buying, providing an added level of convenience and urgency to the process.
Overall, if you or anyone you know is looking for these benefits but are unsure how they are possible–it’s very important to do the proper research into the right cash buyers with reputable business practices. BC House Buyer is here for sellers looking for these perks–and they’ve been doing it for over half a decade.