New post

SELLERS SHOULD BE MORE OPEN IN 2024 TO SELLING TO CASH BUYERS DIRECTLY. HERES WHY

1. CASH OFFER

All cash offers is the easiest transaction to deal with when deal with closing on real estate properties in 2024. This means a check or wire directly to your account the day of closing or 24 hours from the day of closing. Cash allow for the seller to make other decisions after the sell far quicker than waiting on a lender to approve buyers from a traditional loan.  

2. As IS condition

Whatever issues going on with the property ( needs a new roof, new hvac, kitchen is completely outdated , ect..) at the time of the viewing with the buyer is perfectly ok.  This takes the hassle out of the seller having to spend money to fix anything up or move anything out once closing is complete. The only down side is that the offer will not be a retail offer since the end buyer will be footing the cost of repairing and rehabbing to bring property up to the current year and value. 

3. BUYER PAYS ALL CLOSING COSTS

Closing costs can sometimes go into the thousands when closing on a real estate property. This is also one of the main reasons the end cash buyer/investor  pays a discounted amount for the property since they will be picking up the tab at the closing table. This keeps money in the sellers pocket as well. 

4. HASSLE FREE/QUICK CLOSING

For the most part the closing process is quicker and hassle free. The only thing the seller may have to do is fill out the information seller sheet that all closing attorneys have to have in order to request from mortgage company the pay off. Typically the acqusitions side will coordinate with the closing attorneys office to help facilitate in filling out that paperwork. 

In conclusion, non traditional ways of selling a property that is no longer an asset but more of a liability or even burden will be more common in 2024 and beyond.  So cheers and happy new year to a more non traditional way of selling properties and getting a solution to all real estate needs in the new year!