Selling Mortgaged Homes with Cash Buyers - Your Viable Option

Savings on Closing Costs

Equity is the key to selling a property with a mortgage on it. Basically, your home equity is equal to the value of your home minus the outstanding mortgage balance. For example, if your home is worth $250,000 and you owe $100,000 on the mortgage, you have $150,000 in equity. This is the amount of cash, minus your closing costs and expenses, that you will receive when you sign the final purchase agreement, finalizing the home sale. (1)

This is where cash buyers provide a viable and effective option. Purchasing the property with cash eliminates the need for a mortgage, thereby cutting out lender fees and potentially reducing or even eliminating closing costs altogether. 

Furthermore, we expedite the closing process, allowing for a quick and hassle-free sale. With our ability to purchase a property with cash, we are an attractive option for property owners looking to sell their mortgaged homes. By providing a cash offer, we remove the need for a lengthy closing process and additional costs associated with a mortgage. This can be especially beneficial for you in a time-sensitive situation, such as facing foreclosure or needing to move quickly for a job. 

Avoidance of Mortgage Approval Delays

One major problem property owners face when selling their mortgaged homes is the potential for delays in mortgage approval. This can occur for various reasons, such as issues with credit scores, income verification, or property appraisals. These delays can be frustrating and pose a significant inconvenience for property owners looking to sell their homes quickly and move on to their next chapter. 

As cash buyers, we can provide a hassle-free and fast option for selling mortgaged homes. When we buy houses Tacoma we eliminate the need for mortgage approval and can close the deal on a property within a matter of days. This saves you from the stress and delays of mortgage approval and ensures a smooth and efficient selling process. 

With us, you can avoid the potential delays and uncertainties of mortgage approval and have peace of mind knowing that your home will be sold quickly and without any complications.

Bypassing Appraisal Requirements

Lenders need appraisals to determine the property's value and approve the loan for potential buyers. However, these requirements can be time-consuming and costly, causing delays and potentially causing the sale to fall through. This is where cash buyers can offer a viable and effective option. Unlike traditional buyers who rely on financing and must go through the appraisal process, cash buyers can bypass this step. 

When we buy houses in Tacoma, we provide a guaranteed and quick sale without needing appraisals. This saves time and money and provides peace of mind for the homeowner. As a cash buyer, we have the flexibility to make a competitive offer based on our assessment of the property rather than relying on the appraisal value. This is especially advantageous in a competitive market where appraisals may not accurately reflect the home's actual value. 

No Contingent Offers

It can be challenging to sell mortgaged homes due to the restrictions and guidelines set by lenders. One of the major obstacles is the contingency offer, which means the potential buyer makes an offer with the condition that they secure financing. This contingency can cause delays and uncertainties in the selling process, resulting in frustration and potential problems for the property owner. 

As the leading cash home buyers in Tacoma, our offers do not have any financing contingency, as we have the funds readily available. This eliminates delays and uncertainties, making the selling process smoother and faster. With no contingency offers, you can have peace of mind and a guaranteed closing without worrying about potential funding setbacks. In addition, our cash offers are often competitive, meaning you potentially receive a higher selling price for your mortgaged home. 

Elimination of Escrow Process

The escrow process can often be lengthy and complicated for property owners looking to sell their mortgaged homes. This can be a substantial deterrent for potential cash buyers who are looking for a quick and hassle-free transaction. In addition, the extra fees and regulations involved in the escrow process can also be a burden for property owners. This presents a problem where many mortgaged homes may have a limited pool of potential buyers. 

By eliminating the escrow process, we offer a straightforward and streamlined transaction that benefits both parties. Our capacity to purchase homes with cash allows for a quick sale, providing you with a faster and more convenient option. In addition, our cash offers are not contingent on financing, eliminating the risk of the deal falling through. 

Simplified Paperwork

Selling a mortgaged home can be cumbersome, involving many paperwork and legal requirements. This can be overwhelming for property owners who may not have the time or resources to deal with this complex process. In addition, it can also be stress-inducing and time-consuming, especially if the property owner is in a hurry to sell

We understand the hassle and strain that comes with selling a mortgaged home. This is why we offer simplified paperwork when we buy houses Tacoma WA. You no longer have to deal with lengthy forms and legal jargon; we handle all the necessary paperwork. This eliminates the burden and saves you time and effort, making selling your mortgaged home a much smoother and hassle-free experience. 

Give us a call anytime at 253-697-0007 or fill out this quick form to get started today!