Many homeowners dream of selling their house for cash, because home buyers with mortgages add additional risk to the home buying process. If the mortgage does not fund at the end of the transaction, the home buyer must back out of the contract without purchasing the home. This doesn't happen when selling a home to someone paying cash.
However, there can be dangers when selling a home to someone who pays in cash. Understanding the risks can help you decide whether you want to accept an offer from a cash buyer.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Know the Risks
Typically, cash buyers are investors, not homeowners. Investors buy homes
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Many homeowners dream of selling their house for cash, because home buyers with mortgages add additional risk to the home buying process. If the mortgage does not fund at the end of the transaction, the home buyer must back out of the contract without purchasing the home. This doesn't happen when selling a home to someone paying cash.
