How fast do you need to sell your house?
Timeline is the next factor to investigate. For homeowners who have thought that I can sell my house in Cherry Hill in 24 hours, that is unfortunately not possible. You can get it under contract within 1 day, but you cannot fully sell a house in that timeframe. The quickest chunk of time that we have bought a house is 21 days. It can be done, but requires everyone to have their ducks (and documents) in a row!
If you are thinking that I need to sell my house fast in Cherry Hill, you’ll need to find the right buyer. To achieve that 21-day sale, cash home buyers are the cream of the crop. These home buyers, also known as real estate investors, pay cash for their houses. They do this for several different reasons. We are all aware that “cash is king”. The question is, why it is king?
Cherry Hill cash home buyers
By working with a home buyer that pays cash, the actual process of selling your home speeds up dramatically. Reason number one: there is no bank involved. If you need a quick house sale, you don’t have time to wait for your buyer to get approved for financing. Home buyers are required to jump through multiple hoops when getting approved for a loan to purchase property. It makes sense. The bank doesn’t want to get screwed later on if the buyer can’t continue to pay the monthly mortgage payments back.
Banks need to make sure that they know exactly who they are dealing with when they lend out money to someone to buy a house. That is the simple reason why traditional financing purchases take longer. There are more documents to complete, and more financial backgrounds to vet. Cash home buyers have the benefit of avoiding that entire process. That is why cash is king. It is liquid, fast, and tangible. For people that need to sell a house fast in Cherry Hill, connecting with a home buyer that pays cash can help.
The benefit to the home buyer for making cash offers on houses is that their offer stands out. Is your house in high demand because Cherry Hill real estate is increasing in value? Experienced home buyers that have their fingers on the pulse of the housing market know this. When a home buyer desperately wants to buy a house, they will do their best to make their offer stand out. Would you prefer an all-cash offer with no contingencies or an offer that will take 3 months to close after the bank gives a final approval?
Again, it all circles back to time. Selling a house in Cherry Hill for cash will save you weeks, or even months, of time. How important is that to you? Review any dates or deadlines you must hit in the coming weeks to help determine the best course of action. A quick house sale is possible with enough planning, and working with the right home buyers.