Most people sell their house by putting it on the open market.
However, for those who want to sell their property faster, selling to a cash house buyer is an option.
But exactly how quickly can a cash buyer complete? What benefits do cash buyers bring? And is this a viable option for you?
Read on to find out the answers to these questions and more.
What is a cash house buyer?
A cash house buyer is a company that purchases your property up-front for cash.
They will research your property (using tools such as HM Land Registry and Rightmove Plus) to value it before making the best cash offer.
Cash buyers typically offer you slightly below what you would receive when selling the traditional way (i.e., through estate agents).
However, the sale will be completed much quicker and often with fewer fees.
How legitimate are cash buyers?
As with most industries, there are both good and bad cash buying companies.
It is essential to research any cash house buyer to ensure that they are a reputable firm.
For instance, some companies merely serve as intermediaries for other organisations, potentially charging additional fees for services like coordinating surveys.
Some may also try to generate extra revenue by sharing your personal information with third parties.
How fast can a cash buyer complete?
The time it takes for a cash buyer to complete will vary between organisations.
Most cash buyers will outline how quickly you can expect a sale to be completed on their website.
In many cases, this can be as quick as just seven days.
Advantages of a cash house buyer
Speed (& flexibility)
A cash buyer can sell your property within your preferred timeframe.
This can be a matter of weeks or even days.
However, it can be at a later date, too. After all, cash buyers do not have the external pressure of property chains.
Costs
Opting for a cash house can cut down your costs considerably. Unlike estate agents, they don’t charge a commission on the sale.
This can help offset a potentially lower selling price for your property.
Guaranteed sale
Thirdly, unlike estate agents, online listing services, and house-selling auctions, trustworthy cash buyers can guarantee a sale on your property.
This is because they purchase houses directly with their own funds.
Should I sell to a cash house buyer?
Whichever way you sell your house, there’s a lot you need to take into consideration.
If you want to do your house sale quickly (perhaps you need to receive funds for your house sale urgently or for other reasons), then a cash house buyer is a great idea.
They can help you to avoid property chains and legal complications.
Alternatively, if you’re not ready to sell and are financially comfortable, you might want to explore other avenues.
For those who don’t mind dealing with the complexities of a property chain and legal processes, a traditional market sale could be a more suitable choice.
Sell your property with We Buy Any Home
If you are looking for a cash sale for your house, We Buy Any Home can purchase your property up-front and quickly, without any hassle or stress.
Fill in our enquiry form below if you want a cash offer for your house.
