Advantages of Selling Your House For Cash
A cash transaction is one through which one exchanges a commodity they own for a set or agreed sum of liquid cash. It does not involve the process of having to go to a bank in order to acquire the money paid for your item. One recommendable means of selling a house is using selling it for cash.
When one is in need of moving from an older house they owned to acquiring a new one with money gotten from selling the older house it is a very effective means. A lot of time could be saved if the transaction is performed in cash terms. Time is saved in the event of going through the whole process. It ensures that one can now perform the transaction without having brought in third or even fourth parties and even without bringing in extension bodies in. The deal can quickly be settled upon through just a conversation between the buyer and the seller until they feel that the agreement is mutual and are now at a consensus. Once a financial institution is involved the process cannot be the same simple one again.
The ease of the seller is going through the process is well monitored in the case of a cash transaction. The seller is the one who settles on time that is best for them. This is so because the buyer is the one interested in the deal, but the seller sets things in the contract and will have the control to see to it that things are done at their time of convenience.
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The seller is in a position to take up the whole sum of cash without losing even a coin when the transaction is done on cash basis. Banks are also in business and will operate for profit, and this is possible since they will charge some money for the service they offer. Without going through a bank, the seller earns all the proceeds directly
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When doing the process for oneself it is possible to skip the experts who will rather come in as lawyers, guarantors and others. When these experts are involved, they ask for some payment for the role they play too. These charges can be avoided in the case one goes through the business using cash.
In a cash transaction, the seller is given all the money in cash as agreed and this is the best way. This could be much difficult if the transaction were done through the bank since it could demand that one gives an explanation for why they would want to be in possession of such an amount of money hence the procedure would be longer. When using cash one is able to avoid the inconvenience created in a situation whereby one would have to wait for a cheque to mature in the bank.