We’ve all heard the saying, “Cash is king.” If you’re a home seller in Pittsburgh looking to make a quick sale, getting paid in cash is more desirable than waiting for the buyer’s mortgage to be approved. This post explains the benefits of selling your home for cash and helps you find the best cash home buyers in Pittsburgh.
Who Are Cash Buyers?
A cash buyer is an individual or a real estate firm with the funds to purchase a home outright without financing. But a cash buyer doesn’t arrive at your home with a suitcase full of cash to complete an under-the-table deal. Cash buying is 100% legal, and here’s how it works.
At closing, the funds are transferred electronically from the cash buyer’s account to the seller’s account. Cash sales are quicker because there’s no financing contingency involved. A contingency clause gives the buyer the provision to back out of a real estate deal at the last minute.
One of the main reasons home sales fall through at the last minute is that the bank doesn’t approve the buyer’s financing. Even when a buyer has pre-approved offers, the bank may not approve the loan if the buyer’s situation changes. Issues like new debts, a change in employment, or a recent negative credit issue can hold up the sale.
However, cash buyers do not have financial contingencies as they already have sufficient funds to pay for your property. So, the deal proceeds smoothly and quickly.
How to Find Cash Buyers in My Area
Not all-cash buyers are created equal. You must find high-quality cash home buyers in Pittsburgh who are transparent and genuine. Here are some tried-and-tested tips for locating the best real estate cash buyers in your market.
- Use Google: The easiest way to locate cash home buyers is to do some research on Google. Use the search term “cash home buyers near me” to get a list of cash buyers in your market. Then, review their website evaluate client reviews to make a shortlist of cash buyers near you.
- Attend Foreclosure Auctions: Most people who attend foreclosure auctions are cash buyers. By attending foreclosure auctions in your area, you can connect with interested homebuyers willing to offer a good deal on your property.
- Craigslist: It’s an excellent platform for finding interested cash buyers. The best part is that it’s easy and free to use. You can advertise “home for sale in Pittsburgh” to generate as much attention as possible and get interested cash buyers to contact you. Remember that you might have to renew your post every 48 hours to generate maximum attention.
- Network: If you’re looking to sell a house fast in Pittsburgh, you’ve got to build connections in your community. Let your neighbors, coworkers, friends, and family know that you’re ready to sell your home and are looking for cash buyers. The more people who know about the property, the higher the chances of finding the right cash buyers near you.
Selling your home to cash buyers is an easy and efficient way to close the deal quickly without any hassles. Get in touch with Pittsburgh Sell House Fast to get a free, no-obligation cash offer on your home today!