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If you want to sell a house for cash, one of the first things you should decide on is whether to sell it to a cash buyer or a traditional house buyer. There is no straight answer to the question, which is better, a cash offer or a traditional home sale. If you’re wondering, ‘who should buy my home?’ It depends on your situation. Both have their own sets of pros and cons selling a house to a cash buyer.
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Most home sellers are concerned about how much time and effort will it take to make a house ready for a sale. That includes staging, cleaning, doing repairs, and upgrades. It is usual for sellers to want to sell house fast, but usually selling a house takes a while.
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The definition of a cash house buyer is someone who can purchase property outright with money they have at their disposal; meaning they do not need to get a mortgage or loan to buy the home in question. A cash buyer must, however, have the money available at the time of making an offer to truly be considered as such, which is where the water can sometimes get muddied.
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Did you know that over two-thirds of all real estate activity occurs using a mortgage? Although it is rare for people to buy homes for cash, it does happen occasionally. Accordingly, it would make sense to examine the benefits of a cash sale. That way, if such an offer was ever proposed, you would know how to respond.
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