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Is a Cash Buyer Always the Answer?

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Generally, yes! And this is why:

Sellers trust

  •  If you have no property to sell and are buying with cash, the seller can forget about the uncertainty of a chain.
  • Equally the seller doesn’t have to wait for you to obtain your mortgage offer.
  • They also don’t have to fear the loan source will be unable to find comparable properties and down-value the property.

The buyer wins too

  • As a buyer, you don’t have to pay interest on your money and other fees that come with arranging a mortgage.
  • You can choose to invest in more property, or invest in stocks and shares, paying cash for a new car, enjoying a better quality of life.

 

As a seller, it’s worth remembering though that commitment is also very important:  a cash buyer has nothing to lose by swapping to a better property which comes onto the market.   Making sure your buyer – even a cash buyer – is fully committed, is something your agent will properly investigate.

 

 

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