Why Buying In Cash Matters

We've all heard the saying "Cash is King". Well this is especially true in an economic downturn, or when there are repairs that are required on a property. When the market has shifted, suddenly buyers are very scarce and hold all the power with offers. If cash is offered, seller will jump at the opportunity to move on from their problem and exchange it for a wad of cash.

Cash is extremely important when buying properties as is. If someone has a property under construction, or outdated, or extremely distressed, the only way to get through an inspection for closing is without having one! The value in a cash offer for your home is extremely important if it is not in tip top shape. For those selling a house in Pittsburgh that has fresh paint, updated kitchen, and a new roof, then cash probably isn't too appealing. There is a market for nicely renovated houses and they generally don't stay on the market long.

While some may assume a cash deal means an extremely low offer to the point no one should accept it, that is just incorrect. Many times, they are just pricing in the repairs and risk that will be incurred once they own the home. The seller would have to pay that amount of money to renovate the property anyway. If there is no way to pass inspection for a conventional mortgage, and no owner occupant buyers willing to take on the task, then a cash deal is the way to go.

There is a legitimate need for buyers to fill this market. Many people don't have the means to maintain the property, or renovate it to attract an owner occupant. In this case, a cash deal without any additional out off pocket expenses is a life saver. At Cash For Homes Pgh, this is where we thrive. If we can solve someone's problem and acquire more projects to renovate, it's a win win. We've seen hundreds of sellers not run from a cash offer, but embrace it because of the need to sell their house in Pittsburgh. Not all investors are out to prey on the weak in real estate. The best deal is when both parties are happy and that is the goal for each of our acquisitions.

If you're seeking a cash offer on your home, and wish to sell as is today, check us out at www.Cashforhomespgh.com