May 01, 2023
Is It Safe To Sell House For Cash?
A common question that interested homeowners in CT ask is, "Is it safe to sell my house CT for cash?"
The overall answer is YES, it's completely safe to sell your house for cash. Considering how arduous the process is for buying a home, it's logical to think that selling a house must be equally complicated. And it is, when you go the traditional route of finding a real estate agent
and all the rest of it. But when you ask yourself, "Is it safe to sell my house for cash?" you need to really know what that means. Because selling a house for cash doesn't mean what some people think it means. Let's get into it.
Cash is King
As we said, it is safe to sell your house to a cash buyer. In fact, cash buyers are considered to be very valuable in the real estate market. Real estate agents love cash buyers. If you're ever in a position to pay cash for a house, you'll be treated like royalty by your real estate agent. Why? Because cash really is king, and you would be treated like a king if you ever are in a position to buy a house for cash, because you would be the best kind of buyer out there.
This is because real estate agents--and everyone else in the industry--knows that cash buyers aren't bound by lenders like other kinds of buyers.
Any time a buyer needs to borrow money, i.e., get a mortgage, to buy a house, complications arise, hoops have to be jumped through and the risks increase of the deal going out the window.
What's a Cash Buyer?
We've established that it's safe to sell your house to a cash buyer. But what is a cash buyer? Here's what it isn't. A cash buyer is not a person who rings your doorbell with a suitcase of cash
who wants to trade you that suitcase for your house keys. When we talk about a cash buyer, that's not what we mean.
A cash buyer is an individual or a company that has the financial resources to complete the purchase transaction for your house without borrowing or relying on a third-party mortgage in order to complete the transaction.
What You Get With a Cash Transaction
If you've even been toying with the notion of selling your house for cash, or you've asked yourself, "How can I sell my house fast," you've probably caught on to all the excitement. The reason that there's so much excitement about selling a house for cash is because of what the homeowner gets out of the transaction.
Assuming that the value of the house is more than what you owe on your mortgage, here's an example of what you might receive with a cash transaction:
Mortgage left to pay: $190,000
Cash price offer: $350,000
Cash for you: $160,000
So, if you break that down, $190,000 of the cash price offer would go to your lender to fulfill your mortgage. You pocket the difference
between what's owed on your house and your cash offer. This is just a general example, but the idea works with more modest homes, too. Don't think you have to have a big, expensive house to take sell your house for cash to a cash buyer. Cash buyers are interested in a wide range of houses, from shoebox-size to sprawling houses.
Is it Safe to Sell House For Cash?
Now, if you are considering selling your house for cash, you do want to work with a reputable company like Quality Cash Buyers. If a person rings your doorbell with a valet bag stuffed with Benjamins, politely close the door. That's never a good situation. But if you get a cash offer from Quality Cash Buyers, it will pay you to carefully consider it, because it could be a great way to take back financial control of your life. It is safe to sell house for cash when you work with Quality Cash Buyers or a reputable entity.
How to Recognize a Reputable Cash Buyer
A reportable cash buyer will have some kind of online presence. This is because reputable cash buyers like Quality Cash Buyers want you as a homeowner to be fully informed. You should be able to get lots of information about selling your home for cash from their website. At Quality Cash Buyers, we have tons of resources available on our website
where you can learn all about selling your house for cash.
Remember, reputable cash buyers don't show up with cash in hand. If it's a reputable entity, there will be paperwork involved that protects you as the home seller and them as the home buyer. There are still legalities to observe, it's just that when you sell to a cash buyer, you're relieved of the burden of hurdles that often prevent traditional home sales from going through.
A reputable cash buyer will have experience. This demonstrates to you that they know what they're doing. Quality Cash Buyers has over 15 years of experience, and for the last ten years, we've been the number one rated home buyer in Connecticut.
Reputable cash buyers will never ask you to pay for a quote. Of course, you could spend hours doing research for real estate near me, trying to figure out what your cash offer might be. But why waste your time? At Quality cash buyers, we offer a tool where you can get an online cash offer for your house, at no charge, and with no obligation.
You can easily find out what your cash offer might be if you decide to sell your house for cash. If another cash buyer tries to charge you to get "an appraisal," walk away and contact us instead.
To sum up, selling your house for cash in CT is safe when you work with a reputable cash buyer like Quality Cash Buyers. We invite you to browse our website
to learn more or simply get in touch today to find out your fair cash offer.
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