What Are The Pros And Cons Of An All Cash Offer?
Pro #1 – Low Risk of the Deal Falling Apart
With between 12% and 16% of real estate deals falling apart in any given month, signing a purchase agreement doesn’t always mean your house will ultimately sell. Many such deals collapse when prospective buyers fail to qualify for a mortgage, but that’s not a concern with Agreeable Offer. We never renegotiate or back out of our agreements, and our fully financed cash offers don’t require third-party approval.
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Pro #2 – A Speedy Sales Process
Not only is securing financing no guarantee for many homebuyers, but it can also be a lengthy and complicated process. When banks and other institutions are involved, it can take months to work through all the details needed to sell and finance a house. Conversely, all cash offers facilitate much quicker home sales, which is how we buy houses in New Braunfels in days or weeks instead of months.
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Pro #3 – Fast Cash Paid Right Away
Whether it’s an unexpected job loss, divorce, huge medical bills or substantial tax liens, hard times can push you into a precarious situation in a hurry. Thankfully, it’s reassuring to know that Agreeable Offer can turn your house equity into cold, hard cash practically on demand. We know what it takes to sell houses in New Braunfels, and we’ll help you sell yours fast and get paid quickly with no holding costs, no commissions, and no hidden expenses.
Pro #4 – No Formal Appraisals or Inspections
You’ve done all the work to prepare your house to sell, find a suitable buyer and hash out a purchase agreement, yet a poor appraisal or inspection issue threatens to delay, perhaps even terminate, the whole deal. It’s every seller’s worst nightmare, and it’s also a good reason to sell your house for cash. Unlike bank-financed homebuyers, cash companies don’t need to go through formal inspections or appraisals. Instead, we buy houses for cash in New Braunfels based on our own in-person evaluations.
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Con #1 – You May Get a Lower Sale Price
A New Braunfels Texas cash for houses company. Can certainly offer an easier and quicker way to sell your house than a conventional buyer, but it isn’t necessarily the best choice for those seeking the highest possible sale price. According to data from the University of California San Diego, cash offers average about 10% lower than the financed offers you can expect to receive when selling through real estate agents.
Con #2 – You Need to Choose Carefully
While most companies that buy homes for cash operate in an ethical, above-board manner, that’s not always the case. Some employ predatory business practices, including charging hidden “service fees” that may run as high as 13% of the amount for which you sell your house. We reject this practice. When you sell to us, our all cash offers are 100% transparent, which means the number we give is the number we pay — period.
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