Just last year, over thirty-four percent of dwelling purchases across the USA were money transactions. This number has continued to rise over the last ten years and is at its highest percentage of all-time. Cash offers are becoming more beautiful to sellers because they provide a quicker and less risky closing process. Real estate sales completed entirely with money offer major benefits for dwelling sellers. Anyone dealing with probate, foreclosure, storm disfigurement, a desperate need for money or hoping to transport hastily, there are advantages to money offers. For those who need to sell their new dwelling before closing on a new house, the money buying process provides an especially rapid turnaround. Cash buying companies have all the funds necessary to purchase the house. There is no haggling and no stream of payments. The dwelling seller doesn’t legitimately gain a briefcase full of hundred dollar bills, but the money needed to buy the dwelling is available in a liquid account. That account equates to immediate withdrawals and transfers. There is no mortgage loan for any portion of the sale, lessening the risk of the deal falling through. Plus, the seller avoids the need for an appraisal and dwelling inspection. All-money offers are often preferable to homeowners because there are none of the hassles of dealing with lender underwriting. This eliminates the requirements of repairs, troubles with code violations and cost of closing fees. There is no real estate agent demanding a percentage. There is also greater control over the closing timeline. Most money purchasers deliver an offer within twenty-four hours and guarantee completion of closing within two weeks.
