If you want to sell your home fast in Los Angeles, a cash offer can be very appealing. You can avoid the agent commission fees, staging fees, and repair costs if you sell to a fast cash home buyer in Los Angeles. Also, with cash offers, you do not need any mortgage lender approval before you can go through with a sale. And this is what makes it the best and most popular option.
According to the National Association of Realtors, cash offers account for more than 16% of home purchases. However, one downside to cash offers is that you will likely get a lower bid when you send your offers. Also, accepting cash offers for your home in Los Angeles comes at a huge risk. Hence, you must always be careful not to fall into the hands of scams. Before you accept a cash offer on your home, consider the questions below:
1) Do You Need The Cash Now?
2) Do You Want To Move Immediately?
Selling a home in California can be very stressful, especially if you have no prior experience. No home seller has the extra time to leave their work and look for people to sell their homes. In a lot of cases, you will need home inspection results if the buyer is coming with a mortgage.
Ideally, if you have an offer from a buyer, it takes about 1 month before the deal will close. If the finances don’t go through as planned, you will have to restart the entire process. However, if you go with a cash purchase, you can finish the process within one week. For instance, you recently accepted a job out of state, and you need to relocate quickly. In this case, accepting a cash offer for your LA home could be your saving grace.
