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Why Selling Your Home Fast is Beneficial Today The all familiar liquid asset – which used to be limited to cash on hand and investments like shares of stock, bonds, money market and mutual funds have numbered real estate as its newly incepted tier after cash for home buyers appeared. Unlike liquid assets which can be converted to cash in a short period of time in the event that a financial emergency arises, some assets are called non-liquid investments because it usually takes months before a person or company can receive cash from the sale of those investments. Before, homes take months to sell when a homeowner decides to liquidate it for some financial emergencies. And assets that are quickly liquidated sometimes result in a loss. Thus under that circumstance, real estate fell under non-liquid asset since selling them quickly would entail a high impact on its value. When persons and companies that buy, sell, and rent houses appearance, the status of real estate as an asset changed from being non-liquid to liquid. And in order to sustain their business, these companies buy houses and properties for cash since they need a large inventory to sustain their business. Real estate properties can now be sold fast without affecting their value since there is high competition among theses cash for house buyers.
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So, if you are selling your house, your main advantage is that you can do so with speed and convenience. Once the word is out that you are selling, interested parties will rush to make their offer. After you pick the best offer, you can often get your money in days. This cash sale also removes the all too familiar drill of accepting an offer only to lose the buyers at the last minute. These companies even buy your house ‘as is’ with no repairs done, because they want to get hold of your property fast and let their builders on standby, repair your house to enable them to offer the repaired house for sale or for rent.
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You can skip professional representation if you know what you are doing since there are very few repercussions when you choose to do it yourself. Hiring an agent can also many times tip the cash buyer to give you a more adequate offer. However you want to sell your house, make sure that you either get an appraiser or do a little research on real estate listing websites to check or compare prices and adjustment records in your area. Also protect yourself from landing on a fraudulent cash buyer by requiring from them proof of funds before you agree to anything.