Most of the people take selling their homes as the last option to resolve their financial requirements. In case of emergency, you may need quick cash for your house and an estate agent surely can’t provide you an easy deal in such a case.
Moreover, your pending house sale can be risky as markets may turn to be bearish at time and there may not be enough buyers for property as many sellers are there.
Reasons why Pending House Sales Turn Out to be Bad
- Buyers Backing Out
At times, when market is going slow, the buyers may contract for any simple reason. Moreover, they can ask for their security amount deposit upon cancellation of the deal.
The buyer may not even provide any valid reason for cancelling the deal and may refuse to sign the contract documents and forfeit the deposit amount. If you don’t want to experience such a situation, then visit quickhomeoffers.com for fast and effective home buyers.
- Property Inspections
For an untrained person, homes look generally the same: a floor, a roof and four walls. However, a home inspection agent can notice even a small crack and every spot in the wall. Malfunctioning HVAC systems, falling roofs and wet basements are three major issues which an average house buyer can’t inspect without assistance of a professional.
Once the inspection agent points out issues in a home, buyers get scared. Even new homes don’t come without problems. Buyers may ask you to repair and replace the decor and furniture. However, if the seller doesn’t agree to all this, the deal may get cancelled instantly.
- Contingency on Buyer’s Home Sale
If the contract is contingent upon buyer selling his home, the deal may take about a year or so. The deal may even get cancelled if the buyer is unable to sell his property during the time. Only a few buyers can afford having two residences at a time.
As per the contingency agreement, the sellers may retain the right of kicking out the contingent buyer and cancelling the deal in case another buyer is ready to buy property without any contingency conditions.
What’s The Solution?
To avoid all these situations you should try to sell your property as soon as possible. You can look for a cash property buying company which can buy your home for cash. Such company sends its agents for inspection within a day after making a request. The agents see the house and make a contract within a week.
These companies accept your home in the present state and don’t want you to repair or decorate it like a showroom. Such things save your time and energy and let you focus on other important issues such as new house ‘purchase, a car purchase etc.
Moreover, you are not required to wait for buyer for sell off his home, so that you can finalize your deal.
Selling your property to cash property buyer can save you from hassles that you may face, if you appoint a traditional estate consultant.