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The Benefits of Selling a Home for Cash In Matthews, NC

Selling a home traditionally through a realtor can take time and be complex hence bringing forth various concerns. How about if it could be done differently? When you sell your house in cash, there are several advantages that come along with it:

  • No fear of financing contingencies
  • Having a much quicker closing timeline
  • No requirement for appraisals or inspections
  • You do not have to pay huge sums on realtor fees

A cash sale enables homeowners to bypass many, often common selling problems they usually encounter when trying to sell their houses. Keep reading to know more about how each of these benefits could help make your experience in selling your home easier and more profitable.

If you’re looking to sell your house quickly in Matthews, NC, you can fill up the form below so we can send you a cash offer within 24 hours.

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No Financing Contingencies in Matthews, NC

One of the most important benefits of selling a house for cash is that it does away with the need for financing contingencies. Such conditions have always been one of the major sources of stress and doubt in traditional home sales.

What are Financing Contingencies?

A financing contingency is a provision in a real estate agreement that permits potential buyers to withdraw from the deal if there is no guarantee that they will get loan approval or mortgage within a given timeframe.

This helps to protect purchasers against acquiring an unsuitable property. This is one clause that you will find included in many traditional real estate transactions involving loans secured by mortgages.

In such cases, the offer made by the buyer will be dependent on their ability to get financing from lenders like banks or mortgage companies. The usual time period stated on this contingency is 30-45 days and this provides an opportunity for the buyers to obtain loan approval.

Risks of Financing Contingencies for Sellers

Sellers are faced with many risks when it comes to financing contingencies.

  • Unpredictability: The sale may not be completed if the buyer’s financing fails even after accepting an offer. Among the reasons this might happen is if the purchaser has a lower-than-expected credit score or there are problems with appraising the property.
  • Waste of time: It takes weeks or months to wait for approval of the buyer’s loan only for the deal to crumble due to financial issues. At this point, it is off-market and could potentially miss other interested buyers.
  • Missed opportunities: You can lose out on other potential purchasers who would have presented a better offer or completed the sale faster while waiting for the buyer’s finance to come through.
  • Extra costs: If one deal falls through, you might have to re-list your house which means incurring more marketing expenses as well as paying another real estate agent.

Benefits of Eliminating Financing Contingencies

In a cash sale, the purchaser doesn’t need to seek financial assistance from a lender. The buyer has the money already, so there is no financing contingency.

This implies:

  • No possibility for the transaction to collapse because of funding matters, certainty and peace.
  • No time is wasted on waiting for loan approval, which means that the process of selling will be quicker.
  • You can proceed confidently with the sales process without fear of losing potential buyers.
  • Avoiding additional costs associated with relisting the property if the first deal falls through.

When there are no financing contingencies in a cash sale, it simplifies everything resulting in fewer delays or complications that could make it hard for sellers to follow through with such deals.

Joe Homebuyer of the Carolinas -we buy home in cash in Matthews, NC 

Faster Closing Process in Matthews, NC

The transaction can be completed quickly in terms of days, hours and minutes. Generally, traditional sales take too long because they have many requirements on the part of the buyer for financing.

Timelines for Traditional Home Sales

These steps are usually followed throughout the closing process when a mortgage is being sought by a buyer:

  1. Pre-approval: The buyer presents financial documents and goes through a credit check to determine whether or not they can be granted a mortgage.
  1. Home appraisal: The lender conducts an appraisal to confirm that the value of the home justifies the loan amount requested.
  1. Underwriting: It takes weeks for the lender to look into details about both the buyer’s finances and those of the property.
  1. Final approval: A final commitment to fund the mortgage is issued if everything meets approval.

The whole procedure might last anywhere between one and two months. It could take even longer depending on how busy lenders are at that particular time plus what exactly is happening concerning the buyer’s economic situation.

Simplified Process of Selling for Cash

In contrast, the reason why cash sales can be processed fast is due to the absence of a lender. Here’s what a usual timeline looks like:

  1. Offer and acceptance: The buyer makes an offer in cash and the seller accepts it.
  1. Title search and paperwork: The buyer’s funds are verified and the legal documents needed are prepared.
  1. Closing: The sale is closed and ownership is transferred often within 1-3 weeks.

Without the need for loan approvals, appraisals, and underwriting, cash sales can close in as little as two weeks or even less in some cases.

Benefits of a Faster Closing

For sellers, there are several benefits to having a shorter closing time:

  • Sale proceeds become available more quickly which may be useful for those who need money fast or plan on buying another property.
  • They spend less time waiting around so they can get on with their plans sooner.
  • Carrying costs are reduced as mortgage payments, utilities, maintenance etc. need only be covered for a shorter period of time.
  • The sale becomes less likely to be held up by delays or other issues that could cause it to fall through altogether.

For sellers who value a streamlined and efficient transaction, the faster closing process of a cash sale can be a major advantage over the traditional route.

Joe Homebuyer of the Carolinas -we buy home in cash in Matthews, NC 

No Appraisal or Inspection Requirements in Matthews, NC

In general, an appraisal is demanded by the lender for qualifying a mortgage. This requirement aims to make sure that the value of the house justifies the amount loaned. Similarly, property inspections are required to check on its state and find out any potential issues.

Lender-Required Appraisals

An appraisal is an independent and professional evaluation of a property’s market value. Lenders require appraisals to protect their investment and ensure they aren’t lending more than the home is worth.

If the appraised value comes in lower than the agreed-upon sale price, the lender may refuse to finance the full amount, potentially derailing the sale or requiring renegotiation.

Inspections for Mortgage Approval

Many lenders require an assortment of inspections to be done before granting a mortgage. Frequently required inspections are:

  • Home Inspection: It is an all-inclusive analysis of the state of the property, assessing structural components like electrical systems, plumbing, and much more.
  • Termite Inspection: This involves checking if there are any active termite infestations or damages caused by them.
  • Other Specialized Inspections: Depending on the kind and location of a property; there might be a need for inspection against things like radon gas levels, mold or even septic tanks.

When significant problems are identified during these examinations, lenders may demand that necessary repairs be made prior to loan completion which consumes additional time and money.

Cash Sales Eliminate These Requirements

Typically, real estate agent commissions are calculated as a percentage of the sale price. Although the rates may vary, the industry-standard usually ranges between 5-6% of the sale price.

For instance, if we take a $300,000 home sale; at a rate of 6%, the total commission would amount to $18,000. This sum is then divided between the buyer’s agent and seller’s agent equally so that each gets $9,000 i.e., 3% commission.

Potential Drawbacks

It should be noted that although cash buyers may waive appraisals and inspections, some might still choose to have them done for their own peace of mind. However, this choice is ultimately up to them; it does not depend on any third-party lender.

Moreover, sellers need to disclose any known issues with the property as failing to do so could lead to legal ramifications if there are material defects.

In general, for sellers involved in a cash transaction, being able to skip lender-required appraisals and inspections can save significant amounts of time and money.

Joe Homebuyer of the Carolinas -we buy home in cash in Matthews, NC 

Avoiding Realtor Commissions in Matthews, NC

One of the most significant financial benefits of a cash sale is the potential to avoid paying realtor commissions. In a traditional home sale, both the buyer’s and seller’s agents typically earn a commission, which can represent a substantial expense for the seller.

Traditional Realtor Commission Rates

Typically, real estate agent commissions are calculated as a percentage of the sale price. Although the rates may vary, the industry standard usually ranges between 5-6% of the sale price.

For instance, if we take a $300,000 home sale; at a rate of 6%, the total commission would amount to $18,000. This sum is then divided between buyer’s agent and seller’s agent equally so that each gets $9,000 i.e., 3% commission.

Savings from Direct Selling

To get rid of the seller’s agent, you can sell directly to a cash buyer. In this way, it is possible to avoid paying the commission of the agent who represents you as a seller; thus, saving a lot of money.

For instance, if we consider that you sold your house at $300000 straight away to cash buyers without using any agent for selling it on behalf of them; then there could be an opportunity where one saves up-to nine thousand dollars in terms of commissions fees only.

Potential Tradeoffs

Avoiding real estate agent commissions may seem attractive financially, but there are things you should think about when it comes to possible trade-offs.

  • Marketing expertise loss: Real estate agents can utilize marketing tools and platforms that allow your property to reach more potential buyers.
  • Experience in negotiation: Skilled agents possess vital knowledge of the local market as well as negotiation skills that they can put into use on your behalf.
  • Legal and administrative support: There is a lot of paperwork involved with selling homes; an agent deals with most legal requirements for you if you go through them but not if you choose to make a direct sale.

The potential savings might be worthwhile for some sellers who are willing to put forth extra effort. However, there are those who would rather work with professional guidance from an expert in the field. 

Considering All Options

When considering cash sales, it is crucial that you compare the prospective savings in commissions with what an agent brings forth in value or service provision. Some sellers might choose flat fee or discount brokerage arrangements instead which could act as a compromise between full-service representation and selling privately.

At last but not least analyzing your priorities, needs and looking into local market conditions will enable you to make an informed choice that suits your situation best.

Tips for a Successful Cash Sale in Matthews, NC

If you choose to go the cash sale route, it’s important that you do everything possible to ensure a smooth and safe transaction. Here are some tips:

  1. Proof of funds verification: Ask the potential buyer for proof that they have enough money to pay in cash before you proceed with anything else. Examples of acceptable proof include bank statements or a letter from their financial institution. This helps confirm the legitimacy of the purchaser and their ability to pay. Don’t just take their word for it or accept easily forged documents.
  1. Deal with reputable companies: When selling your home to firms which specialize in buying houses for hard cash only, then research about them too well. Read reviews written online by people who might have used their services before; consult consumer protection bureaus like Better Business Bureau (BBB). Ask them to show some clients they dealt with recently etcetera. These buyers need to reveal all information concerning how they operate including any history of unethical deals made so far
  1. Understand the terms and conditions: Carefully review any contracts or agreements given to you by the cash buyer, and ask for legal help if necessary so that you fully know what you’re agreeing to when selling. Closing timelines, contingencies, fees or charges should all be scrutinized closely.
  1. Consider a third-party escrow service: While not always necessary, using a third-party escrow service can provide an added layer of protection. An escrow company holds the buyer’s funds and ensures they are disbursed appropriately once all terms of the sale are met.
  1. Watch out for offers that are too good to be true: Some purchasers will stop at nothing including coercion into sales or making promises they can’t keep. If it doesn’t feel right then trust your gut and walk away from unsafe situations.
  1. Make sure everything is written down: Put down on paper every term, agreement and condition that has been made then sign them off together with both parties involved. This helps avoid misunderstandings later while offering some legal protection in case there are any conflicts afterwards.

Through observing these guidelines together with carrying out proper investigations, there are high chances that your endeavor into cash sales will turn out successful as well as secure.

Unlock the Advantages of a Cash Home Sale

Selling your home for cash can offer a range of benefits that streamline the process and put more money in your pocket. Eliminating financing contingencies and appraisal requirements to achieve faster closings and avoid realtor commissions, this is often an attractive option for many homeowners.

There could be downsides such as having fewer buyers or doing extra due diligence, but usually the advantages outweigh any risks if you want to save time selling directly.

Look at what this article advises like confirming proof of funds from potential buyers and only dealing with honest companies who buy homes for cash before signing anything so that all terms are clear.

Do not let yourself be discouraged by following conventions – try out selling homes for cash instead because there might just be better rewards waiting along your way.

Sell Your Matthews House For Cash Today

Ready to experience the ease and convenience of selling your home for cash in Matthews? Take the first step today by reaching out to The Carolinas Top Cash Home Buyer for a hassle-free consultation.


  • Simple Process: No more headaches. We make it easy.
  • Efficient Transactions: We handle it all, saving you time.
  • Fast Results: Get cash quickly. It’s that simple.

Contact us today for a stress-free selling experience!

Reliable Cash Home Buyers in in Matthews, NC

Matthews emanates a distinct blend of small-town charm and modern amenities, all while nestled amid North Carolina’s stunning countryside. Its picturesque streets, lined with ancient homes and busy neighborhood businesses, depict a thriving way of life. Matthews, located just a short drive from Charlotte’s bustling downtown, offers the ideal blend of suburban quiet and urban convenience.

The Matthews real estate market is developing, and cash home sales are becoming increasingly popular due to their speed and simplicity. Living in Matthews is appealing since it has numerous recreational options, top-tier educational institutions, and cultural sites. Matthews invites you to experience its welcoming atmosphere and active sense of community, whether you’re looking to buy, sell, or simply explore.

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