What Are the Pros and Cons of an All Cash Offer?

As with anything else, there are pros and cons to accepting a cash offer when you sell. By making you aware of them now, we know that you’ll be a much more informed seller.

Pro #1: Low Risk of The Deal Falling Apart

With a traditional sale, you risk your deal falling apart. 5% of buyers backed out in June 2024, leaving sellers to start the process again.

At Swift Cash House Buyer, you never need to worry about this! We don’t rely on banks and lending institutions. Therefore, we don’t need 3rd party approval to close a transaction. We never back out or renegotiate, and we always close on a transaction.

Pro #2: Speedy Sale

Choosing a cash sale makes good sense when you need to move quickly. Because you’ll be choosing to sell to a buyer who doesn’t have to wait for financing to go through, your deal can be closed within days or weeks rather than waiting for months.

Pro #3: Fast Cash

When you sell your house to us, we provide quick cash for any number of things, such as a divorce or job layoff. This will help you overcome a difficult time and come out the other end without going through a foreclosure, tax liens, etc. Protect your credit by receiving quick cash and getting out from underneath your biggest financial obligation.

Pro #4: Avoid Formal Inspections and Appraisals

One thing that can prevent you from being able to sell your house fast is the process of getting a formal inspection and appraisal. For instance, if your appraised value differs significantly from your agreed-upon sale price, this can cause complications or delays in a traditional finance deal.

By choosing a quicker home sale, you’ll be helped with greater reliability, speed and convenience! This makes it a much more attractive option, especially if you need to sell your house to a flipper quickly and smoothly. Avoid fees and holding costs, including taxes and home insurance.

Con #1: You Might Get a Lower Sale Price

Choosing to sell your house for cash typically lowers the sale by 6-10%. However, once you factor in the cash you save on paying commission, repairing your home, etc., the convenience of a cash sale can make up for the difference.

Con #2: You Might Pay High Hidden Costs

Unfortunately, some cash buyers will hit you with hidden costs, usually called “service fees.” These fees can add up to as much as 13% of the total amount you sell your house for cash. The good news is that we do NOT engage in such practices. The offer you receive and accept is exactly how much you’ll get paid. There are NEVER any hidden fees with our “cash for homes” company.

Do you need to sell your house right now? Selling your house to us in a quick cash sale is a good option! Be aware, though, that choosing to sell your house for cash isn’t right for every home seller. Of course, if convenience and speed are important to you, or if you want to avoid making a major repair, choosing to sell for fast cash might be your best option.

If speed and convenience are important, or if your property needs major repairs, then choosing to sell it for cash might be a good idea. We do everything possible to help sellers. There is never an obligation to sell, so why not find out how much cash we can offer you? Request your cash quote now and sell your Lexington house fast!

What is the fastest way to sell a house?

Choosing to sell your Lexington house for cash is your fastest option! Avoid agents, renovating, FSBO, MLS, showing your home, etc., and avoid having your debt lead to tax liens and an auction. Instead, sell quickly and get paid quickly by opting for cash!

Are companies that offer cash on a house legit?

Generally speaking, yes. To make sure, though, check out their online reviews, ensure they communicate and reply to you promptly, don’t require any inspections or contingencies, etc. Plus, they should pay all sales expenses, including the seller’s excise tax, and give at least a $5,000 average nonrefundable earnest money deposit.