Why Work With a Cash Home Buyer?
A cash home buyer is a person or a company, like Meli Homes, that has the financial capability to purchase your home without a mortgage in cash. However, when referring to a cash home buyer, the cash is figurative and simply means that the buyer has the money outright and does not require a loan. It doesn’t mean they’re going to hand you a wad of cash, as this can create complications.
If you’re selling a distressed home, a home in probate, or a home in pre-foreclosure, cash buyers are often a fantastic and fast solution.
The Benefits of a Cash Home Buyer
What are the benefits of a cash home buyer? There are several scenarios where selling your home quickly is the ideal option. This is especially true with a distressed property in need of repair, if you’re facing foreclosure or if you’re an executor selling a home in probate to pay back creditors. A cash home buyer:
- Allows you to avoid extra fees
With a cash buyer, you can avoid paying out extra fees to retain more of the amount they offer you. When you work with a real estate agent, a percentage of the final sale price will go to the agent as their commission.
- Offers a low-risk sale option
Because there’s no mortgage lender involved in a cash home sale, the risk to the seller is extremely low. Most of the time, when home deals fall through, it’s because of a problem with the loan funds.
- Means no appraisal process from a mortgage lender
Using a cash home buyer usually means a much quicker closing time because it avoids many steps in the traditional home-buying process. With a cash buyer, there’s no need to wait for a lender to appraise the value of your property or request an inspection at your expense before closing.
- Puts less stress on the homeowner because the home usually sells “as-is”
When you’re selling a distressed property, this often means that the house needs repairs. With a cash home buyer, you can avoid the time and funds it takes to carry out these repairs because the buyer purchases the home in its current condition.
- Allows you to avoid marketing the property or staging it for multiple showings
The process of working with a cash home buyer is much simpler than preparing your home for traditional buyers. Your cash buyer schedules a single walkthrough of the home before making an offer. This means you don’t need to worry about listing your property on multiple sites or organizing open houses.
- Is often quicker because there’s no waiting on third-party funds or approval
Without the involvement of a third-party lender, nothing is holding up the sale and preventing you from closing as soon as you accept the cash offer from your buyer. This is one of the critical reasons that working with a cash home buyer accelerates the timeline for your sale.
- Means no negotiations
If you hate the back and forth of receiving offers and returning a counter-offer, then the ease of a cash home buyer is extremely appealing. After a walkthrough, a cash buyer like Meli sends you a firm offer to review with no obligation. You can take your time reviewing the amount and then simply decide whether you want to accept it and close.
On top of all these benefits, a reputable cash buyer handles all the legal processing and closing paperwork for you once you’ve accepted their cash offer. This lowers your legal fees and takes some of the stress out of the closing process because the volume of paperwork that needs signing can be overwhelming. Avoiding this stress is appealing to sellers, especially if you’re already dealing with a divorce or foreclosure that is forcing you to sell the home.
Where to Find a Reputable Cash Home Buyer
Florida cash home buyers might be individuals or a company like Meli Homes. The list of potential buyers includes:
- Real estate investors looking to flip or rent a property
- Retirees looking to buy a home outright and not pay a mortgage
- Homeowners who have recently sold a house and need to invest the profits
- Companies like Meli that buy your home for cash as-is
Working with a professional cash home buyer is one of the simplest and quickest ways to sell your home. The benefit of going with an established company for your cash buyer is that you can vet their reputation and have confidence that the deal is low-risk before you invest more of your valuable time in the process.
How Meli Works
As an experienced Florida cash home buyer, Meli Homes is well equipped to help you sell your home in 30 days or less, from the time you receive our quote to closing. The process is straightforward and stress-free for you, the seller, which is ideal in many short-sale situations.
You’ll start by calling, texting, or filling out our online form. We’ll get back to you within 24 hours to discuss details about your home and request photos of the property. The next step is to schedule a date and time for a property walkthrough with one of our representatives.
Following the viewing, you’ll receive our firm offer, usually on the same day. The offer comes with no obligation, and you can take your time reviewing it. If you decide to accept, we’ll pay in full with no hidden costs, and we take care of the closing paperwork for you.
Get In Touch With Meli Homes
If you are a homeowner facing foreclosure, dealing with a divorce, or an executor with a house in probate, Meli Homes is the buyer. When a quick sale is what you’re after, skip the open houses and get in touch with a reputable cash buyer serving Orlando, Tampa, and the surrounding areas.
85% of our 24-hour deals close within 30 days, and we save Floridians an average of $3,000 in legal fees. Call us today at (407) 338-4183 or fill out our online form to learn more or get started on selling your home.
This article is meant for informational purposes only and is not intended to be construed as financial, tax, legal, real estate, insurance, or investment advice. Meli encourages you to reach out to an advisor regarding your own situation. Please consult with your advisor when making legal or financial decisions.
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