Selling Home to Cash Buyer – Top Advantages and Disadvantages


Selling your home to cash buyer is a fast and easy way to get the most money for your property. You’ll save time and headaches by eliminating the need for costly repairs, appraisals and inspections. Unlike traditional real estate transactions, you’ll be closing the sale in a matter of days rather than weeks.

If you are considering selling your home for cash, it’s important to consider the pros and cons of this option. Here are some of the top advantages and disadvantages to consider:

1.     A Quicker Process

The closing process for a financed sale is typically at least 45 days. This is because a mortgage loan takes a long time to get approved, as well as go through underwriting. A cash buyer can close as quickly as two weeks, if the transaction goes smoothly.

2.     No Appraisal Needed

If your home is in good condition, a cash buyer may be able to offer more than the appraised value without needing to make significant repairs. However, if your home is in disrepair or needs extensive repair work, it might be difficult to find buyers who are willing to pay the full amount of your home’s appraised value. Learn more


3.     No Bank Financing

When you sell a home to a cash buyer, there is no lender involved. The buyer will provide you with a proof of funds letter that shows they have the necessary funds to complete the purchase. This is a huge benefit for sellers who want to avoid the stress and hassle of a financing contingency.

4.     A Safer Deal

The biggest advantage of a cash deal is the peace of mind it provides. When you sell your home to a buyer who is taking out a mortgage, there is a great risk that the lender may not approve the buyer or that they could suddenly raise their interest rates and make the loan unfeasible. This is a major concern for many sellers who are looking to move quickly.

Fortunately, this is not an issue for cash buyers. Most of these companies are legitimate business models that will not make you a bad offer. In addition, most of them will provide you with a list of their contacts.

5.     Confidence in the Process

The majority of sales close as expected. According to the National Association of Realtors(r), only 5% of contracts end up being terminated during the course of the real estate transaction. Among those contracts that do end up falling through, a large percentage are due to changes in the buyer’s credit history or employment situation.


6.     No Lender Fees

If you sell a home to a cash purchaser, there are no lender fees that must be paid on the sale. This eliminates the risk of additional expenses and tacks significantly less time onto your closing timeline than the typical 45-day loan processing period.

As a seller, this means you can focus on other important matters like moving and finding a new job. You can also expect to receive more for your home, because a cash buyer will usually negotiate a lower price than you would with a traditional seller.

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