Benefits of Accepting a Cash Offer on Your Home
Most home sellers would agree they’d prefer a quick, stress-free sale. However, this can be hard to come by with a financed offer, as the closing process could drag on and on. With a cash offer, sellers can take control over timing and begin their next chapter sooner rather than later.
By selling your home for cash, you can avoid tedious contingencies and closing tasks and expedite your sale. At Mark Spain Real Estate, we help sellers receive the competitive cash offers they deserve through our Guaranteed Offer Program. Sidestepping showings, open houses, and other selling stressors, you can take control of your sale and land the deal of the lifetime with help from our seasoned real estate experts. Read below to learn more about the benefits of accepting a cash offer on your home.
Benefits of Accepting a Cash Offer on Your Home
Faster and More Flexible Closing
Whether relocating for a job or expanding your family, it’s easy to fall into situations where you need to sell your home fast. However, many sellers might not realize that accepting a financed offer could stand in the way of their quick sale. When receiving a financed home offer, you’ll be at the mercy of the buyer’s lender’s schedule. From underwriting to loan finalization, the closing process can take weeks when bringing a mortgage lender into the picture. 
Accepting a cash offer on your home can streamline the closing process and start your next chapter. Cash sales are typically wrapped up within about a week, providing a more direct route between finalizing contracts and officially transferring ownership titles. With a cash offer, you can avoid getting caught up in a mortgage lender’s lengthy underwriting process and complete your sale in no time.
No Contingency Restraints
Another obstacle that comes along with mortgage-backed sales is contract contingencies. Outlined in the sales agreement, contingencies allow buyers to back out of buying a home if certain conditions aren’t met. For example, a buyer might include an appraisal contingency, allowing them to opt out of the sale if the asking price doesn’t align with the home’s assessed market value. If the house doesn’t appraise at the asking price or higher, the mortgage lender could decline the buyer’s mortgage loan, or the lender could agree to finance the home on the condition that the buyer fronts the difference. With a cash offer, you don’t have to worry about loan-based contingencies affecting your sale.
Less Risk and Uncertainty
Selling your house for a cash offer is the best way to avoid setbacks in the selling process. Despite being the most common type of real estate transaction, mortgage-based sales come with many risks, from third-party appraisal hiccups to underwriting delays. With a cash offer, you can eliminate the risk of your deal falling through and have peace of mind throughout the selling process. 
Though they could be lower offers, cash is more secure and minimizes the chances of complications from outside parties. With less outside interference and financial risk, cash offers are ideal for an ambitious seller.
Get a Cash Offer on Your Home With Mark Spain Real Estate
Do you want to receive a cash offer on your home? The industry professionals at Mark Spain Real Estate are here to help you land the deal of a lifetime. With decades of industry experience, our team of expert listing consultants will help you navigate your local real estate market hassle-free! Check out our Guaranteed Offer Program for the potential to receive a competitive cash offer on your home in only 21 days. Contact our agents today!
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