The Structural Integrity of the Property
Mortgage lenders will always do their due diligence before granting a mortgage application. Not only does this involve examining the finances of the buyer, whether they are cash buyers only or not, but the state of the property that they intend to purchase.
If the vendor is aware that the structural integrity of the property is questionable, they may request that cash buyers only make offers. Mortgage companies may refuse to grant a loan to buyers, it they feel that the property doesn't represent a safe investment on their part.
This, most often, becomes a factor with property developers who intend to completely renovate and restore the property they are buying. Cash buyers only should remember that before they commit to purchasing a property, they should ask a surveyor to examine the entire property, including the roof, before committing to a purchase.
Springbok Properties agree the sales of three of every four homes listed in under 8 weeks. We proactively market homes to our network of cash buyers only across the UK to secure that quick and hassle-free sale. To find out our current listings across the UK, contact us TODAY on: 0800 068 4015.
The Property Vendor Can't Afford to Wait
Should the vendor be in a situation of urgency, they may also ask for cash buyers only. Vendors understand that the added time buyers spend getting a mortgage does not suit their timeframe selling the property.
Situations do vary, but it's not uncommon for vendors to ask for property cash buyers only when relocating abroad for work, or if they are about to enter a retirement community. These situations require the vendor to raise a significant amount of money to support themselves. Should time be in short supply, appealing to property cash buyers only increases the chances of a swift home sale as, once again, vendors will not need to wait whilst buyers are granted a mortgage.
Springbok Properties is proud that 96% of our customers are happy to recommend us. We are at your service 24/7 and work tirelessly to make sure that your home is sold in the quickest time possible to cash buyers only. Call us TODAY on: 0800 068 4015 to list and sell your home in a matter of days.