Should You Accept A Cash Offer On Your Home?
In today’s Orange County Real Estate market many top listing agents are encountering home buyers who are ready to pay all cash for homes, regardless of low mortgage interest rates, or the buyers excellent credit. When a seller receives an all cash offer they typically wonder “should I accept it?” and the answer is yes in most cases; here’s why.
Cash Is King
Unlike mortgage loans, a cash offer doesn’t require any pre-approval, or income or credit verification since the buyer is able to pay for your home with cash in hand.
Cash offers on homes are also convenient for sellers who need to relocate to another city or town quickly and don’t want to deal with a prolonged closing.
Cash buyers are also more convenient to deal with because they can also lead to quicker closings. Closing with a cash buyer can take as little as 14 days, compared to 30-45 days for buyers with home loans since the buyer won’t have to go through the traditional process that comes with getting a mortgage loan.
Having a Realtor Will Pay Off
Last of all, but most important, when selling your home you should always have an Orange County Realtor on your side to guide you through the home sale from start to finish. Even though the cash buyer may not require financing, it’s important for a seller to have a Realtor on their side who can help verify the buyer’s proof of funds and insure that the home sale closes successfully from start to finish.
To learn more tips about what to expect when dealing with a cash buyer, or to view the latest Orange County homes for sale, contact Fred Sed & Associates today for a free Real Estate consultation by calling us at (949) 272-0125.