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Property Investment Market In Columbia – Focus On Cash Deals

There are many opportunities in the real estate investment market in Columbia SC. From changing financial regulations and interest rates to an economic future that still has a lot of question marks about its direction, home buyers and home sellers are not sure how to proceed.

One smart strategy that buyers and sellers are exploring is the all-cash strategy.

Why cash is king for property sellers

Sellers who sell their homes through traditional methods (listing with an agent for a market price) discover a number of challenging scenarios:

First, they often have to sink a lot of their own time and money into their property first in order to get it up to a level that will make it sale-ready. If a homeseller wants to do this, that’s fine; but many people lack the time, money, and skill to make the necessary changes to make their property sale-worthy. So a cash offer, although sometimes slightly lower than a market offer, can actually be more valuable by saving the homeseller the pain and frustration and cost of having to work on their property before listing it.

Second, houses sold at market prices can often only be bought by those who can get a mortgage… and sometimes it can take days or even weeks for a financial institution to grant a mortgage. Therefore, the seller is left waiting for that period of time while they wait for the buyer to get a mortgage. So selling with cash if extremely fast. Serious home buyers have the cash ready within hours or just a couple days at the most.

Third, financial institutions don’t always grant the mortgages that homebuyers think they’ll grant. Homesellers quickly realize that deals fall through fairly regularly as homebuyers don’t get the financing they were hoping for. Cash doesn’t have to wait for any financing — cash is ready to be used for the purchase.

It’s no wonder that homesellers love cash deals… they can save themselves time and money and they can sell their home fast.

If you’re a home seller and you want to explore the possibility of a cash deal, just fill out the form to get started.

 

Why cash is king for buyers in this property investment market in Columbia

Home buyers love cash deals too!

First, cash deals can be obtained often for below-market pricing because of the value provided to the seller of a fast property sale (often “as-is”). Cash assures the seller that the property is accepted the way it is.

Second, cash is fast and there is no waiting. Sellers love the rapid transaction, and buyers love that they don’t have to wait for banks to approve a mortgage.

Third, cash is preferred because it doesn’t cost any more. When you buy a home with a mortgage, you pay interest on that mortgage — often thousands of dollars more than the original value of the home. But if you pay cash, the price you pay is the only amount of money you pay — and not a penny more.

Want to learn more about selling or buying with cash? Just fill out this form or give us a call at (803) 889-0840 and we’ll be happy to talk you through the info you need.

Ben Lovro

Ben Lovro is an entrepreneur with a vision to improve neighborhoods and revitalize the communities that we live in. He has a clear passion for people and has developed effective strategies and real estate solutions in todays rapidly changing market. He is committed to being a lifelong student of Success Strategies and Leadership. Knowing what you want is perhaps the most important step in self-development; this takes much persistence and self examination. Once your desire to serve God overwhelms all other desires, you begin to step into your purpose and your mission in life changes. To be fulfilled in life you have to grow. The art of fulfillment is what develops our life into an expression for others to follow. Some of our greatest moments come from facing our fears and doing the things that scare us the most. You have been given one life, and one chance to tell your story. It's never too late to become the person that want to be.

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