This particular term is something that generally gets thrown around quite lightly. If you are a property owner and are looking to sell your house this can sound very appealing. We’ll go ahead and explore what exactly does this mean for homeowners such as yourself.

Very often you may hear “I’ll give you an all cash offer and I can close fast”. Hearing phrases such as this its easy to imagine having someone show up with a briefcase full of hundred dollars bills, and that would be pretty awesome, however, that will more than likely not be the case.

What it may imply is the fact that financing from a bank, that is dependent on the condition of the house that they’re buying isn’t necessary, hence the “financing” isn’t contingent on the state of the house for which they (the buyers) are making an offer for.

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How can this be offered without financing then?

Alternatives that may allow for such an offer to be presented are that whoever is making you the offer may have enough cash in the bank to buy the house outright, being able to give you a check. It could also mean that they have access to private money i.e. a relative or an associate that has access to the needed sum and they may be willing to give the buyer the cash with a certain percentage of return over a fixed period of time. Since this would normally mean that there is a trust relationship them providing the money also wouldn’t be contingent on the property.

Another alternative, that may be less likely nonetheless it still may happen from time to time would be that the buyer is working with a hard money lender. Theoretically if the buyer is working with a lender they also have a strong trust relationship and eventually there comes the point where the lender may proceed to issue the money to the buyer without needing to obtain a property valuation.

In the ideal situation, you should be working with a reputable investment company that already has a stable business model and who will have the financial back up along with the orientation to service to make the entire process as smooth and efficient as possible.

At I BUY ANY HOUSE CASH we highly value your time and will make sure to make it show. If you are interested in selling your house or would like to refer someone who you know is interested in selling their property, give us a call today and we’ll gladly take care of the rest.