Five Advantages of a Cash Offer

Vanegas Properties Inc. is a full service real estate company fulfilling your property objectives.

If you are looking to get a cash offer in New York here are five advantages that you benefit from immediately.

Why do this?

• You decide the speed. If you want to close the day after the title search or 30 days after then a cash offer is for you. That flexibility usually won’t come on a market deal. You are for sure not going to be closing in less than 30 days, 20 days in the best scenario. When the bank calls and says they’re ready and then they call the lawyer who calls the buyer. Lot of calls, a lot of inefficiency and there is not one person’s priorities as the focus that the cash offer will usually allow for.
• AS IS. Once you enter into contract cash offer buyers are usually ready to just get to the finish line. A market purchase will again need to make sure with the appraiser, bank, buyer, buyer’s spouse, that the price matches up with the condition of the property. If someone comes up with something that may compromise the mortgage – the money to fix the issue has to come form somewhere – it could be from you.
• Stay a little longer. Unlike going to market where the buyer is usually looking to occupy the property ASAP, someone placing an all cash offer can allow you to stay in the property after closing for a time period. This is usually factored into the offer price and the buyer may even help your look for a place to live.
• Tenant Issues. Being a landlord is tough. And sometimes people get out of hand. It can even be a family member or former friend you were renting to, Destruction to property, back due rent payments. A cash buyer can usually factor purchasing the property with a tenant into their numbers so you don’t have to deal with getting them out.
• Sell under any circumstance. Whether it was a property you just inherited, a property you let stay vacant and haven’t been in for years, a code violation or title issue an investor utilizing a cash offer specializes in resolving property issues.

Life comes at us fast sometimes. That property that wasn’t costing us anything to maintain is finally becoming a thorn in our side. And then it starts costing us money. Game over. There is no reason to hold on to a bleeding asset, time to take your money elsewhere.

Here at Vanegas Properties Inc., we specialize in buying homes in all situations. Not sure what your options are? Looking to evaluate a cash offer? Are you ready to move on from your property and start a new chapter in your life? Give us a call at 516-206-0604 so we can be at your service.