When buying a property with a mortgage, the application and approval process can take several weeks. Therefore one of the advantages of being a cash buyer is the possibility you could complete a property transaction within weeks, rather than months.
Cash buyers typically come chain-free as they don’t have a property to sell in order to make the purchase. So there is no risk of additional or external influence from related transactions causing the property transaction to fail. These cash buyers claim “we purchase houses in Plano” and provide the best market value to your home.
Those selling their property are attracted by buyers who do not need to take out a loan or mortgage to purchase. Cash buyers are popular with those who want to sell quickly and with minimal hassle. For this reason, the vast majority of people selling their homes will take a lower offer from a cash buyer.
Cash buyers aren’t relying on financial support from another party. The majority of property sales falling through is due to mortgage providers pulling out at the last hurdle. Being a cash buyer means your purchase is guaranteed from a financial standpoint, as you are not borrowing any money, which is reassuring for vendors. If you sell your house to cash buyers, they will provide you cash within 7 days.