Phil Aitken
Phil Aitken
Owner/Broker

Why Would a Seller Prefer a Cash Offer?

Not sure why a seller would prefer a cash offer? Cash offers have several advantages over financed offers. Depending on your sales goals, working with a cash buyer might be a better choice than a financed buyer. In this post, real estate expert Phil Aitken and our Jacksonville realtors at Your Home Sold Guaranteed Realty - Phil Aitken Home Team will discuss five reasons why sellers prefer cash offers, so you can decide if cash is the right fit for you.

Key Takeaways:

  • Cash transactions are faster than financed ones because there are fewer parties involved in the deal. This means communication between you and the buyer is more streamlined, and there’s less likelihood of delays or last-minute financing issues.
  • Cash buyers are less risky because they don’t depend on a third party for financing– they’re using their own cash and have it readily available.
  • Cash buyers often accept properties in their current condition, including fixer-uppers. Lenders, on the other hand, don’t usually provide loans for properties in need of significant repairs or renovations. 

Why Would a Seller Prefer a Cash Offer?

Faster Closing

Cash transactions are faster than financed ones because there are fewer parties involved in the deal. This means communication between you and the buyer is more streamlined, and there’s less likelihood of delays or last-minute financing issues. As a result, you can get your home off the market quickly and without any additional hassle.

More Certainty

While cash buyers tend to make lower offer amounts, they make up for it by providing increased certainty in completing the transaction. Cash buyers are less risky because they don’t depend on a third party for financing– they’re using their own cash and have it readily available. Using their own funds means there’s no risk of the deal falling through due to the inability to secure financing or get approved by a lender.

More Simplicity

Lenders ordinarily require the buyer to get an appraisal, insurance, or complete other requirements before the deal can move forward. There’s also more paperwork involved when working with a lender. Without lender involvement, there are fewer contingencies, making transactions smoother and more straightforward for both you and the buyer. 

Flexibility

Cash buyers are usually more flexible than financed buyers because they don’t need to follow a lender’s requirements. Instead, they can act swiftly, be more adaptable to last-minute changes or requests, and set their own terms for the sales price, closing date, and contingencies. 

Ability to Sell As-Is

Cash buyers often accept properties in their current condition, including fixer-uppers. Lenders, on the other hand, don’t usually provide loans for properties in need of significant repairs or renovations. The ability to sell as-is accelerates the sale process, making it a more attractive option for sellers seeking a quick transaction.

Get a Cash Offer For Your Jacksonville Home with Phil Aitken

Your Home Sold Guaranteed Realty - Phil Aitken Home Team. Why Would a Seller Prefer a Cash Offer When Selling in Jacksonville?
Phil Aitken

Working with a knowledgeable Jacksonville realtor is the best way to get a cash offer on your home. At Your Home Sold Guaranteed Realty - Phil Aitken Home Team, Phil Aitken and our team of real estate professionals have been rated as the best realtor in the Jacksonville area. 

Our clients love working with us to sell their homes because we deliver results and guarantee a successful sale– including cash sales. Our data backs up why we’re the best choice. On average, we sell homes four times faster and for 2.7% more money. That’s why clients trust us– and how we’re able to sell 40 times more homes than other realtors. 

Have more questions about selling your Jacksonville home with our team? Give us a call at (904) 544-5252 or send a message to [javascript protected email address]. You can also fill out the form on this page. Get ready to start packing!

To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!

Phil Aitken, Owner/Broker
Phil Aitken is the Owner/Broker with Your Home Sold Guaranteed Realty - Phil Aitken Home Team and has over 13 years of Real Estate experience. Phil’s faith and desire for his family’s continued security fuel his business growth and leadership. The Phil Aitken Home Team continues to profoundly impact the people of Jacksonville via supporting several faith-based organizations. Phil gives back a portion of every real estate transaction to The Tim Tebow Foundation and Rethreaded. Find Phil's full story here.