Thinking about buying a home but wondering about the financial aspect? Many home buyers have often lost out on their dream homes because they would have made a financed offer against a cash offer. And to add to it, markets are competitive.
Cash offers are more beneficial. Most importantly, a cash offer will close the deal on the home that you want. With Flyhomes Cash Offer, here are 3 ways it benefits the home buyer.
Cash offer – Stronger offer
Cash offers bring certainty, speed, and simplicity that traditional offers don’t—so sellers often accept cash offers over higher financed offers. In a competitive situation, this certainty can help you win.
Flexibility
Because Flyhomes will buy and hold the home for you (usually for about 30 days), you can act fast to offer on the home you want and still take your time to finalize your financing.
Confidence
You’ll be pre-underwritten for a loan before we make a cash offer on your behalf. This experience will give you an exact budget to count on.
While one half of the convincing is over, here’s another half to not only be convinced but understand the whole concept of a cash offer.
Cash offer – Certain offer
Cash offers come with a certainty financed offers don’t. Instead of relying on mortgage pre-approval, they rely on existing funds that are ready to give to the seller.
Speed
Skipping the step of finalizing a mortgage means the sale is faster. While financed offers typically need 2-4 weeks to close, cash offers can close in as few as 2 days.
Simplicity
When we make a cash offer, it’s a clean, easy-to-accept offer with no contingencies for financing, inspection, or appraisal.
How does it work?
A Flyhomes Cash Offer works a little differently than a traditional home purchase. As your real estate agency, we’ll help you through each step.
1 – Unlock your cash buying potential
Before looking for a home, you’ll discover your exact budget by getting pre-underwritten to understand how much financing you qualify for from the lender of your choice. You’ll also gather earnest money.
2 – Shop + win your home
We’ll find your new home together, do a pre-offer inspection, and strategize your offer to make sure you have the highest likelihood of getting it for the best price. Our cash offer will give the seller the benefits of a quick closing and the removal of contingencies.
3 – Move in early
Once the cash offer is accepted and we close with the seller, you can move into the home right away, weeks sooner than is possible with a traditional financed offer. During this time, you’ll finalize your financing with your lender.
4 – Close with your lender
As soon as you and your lender are squared away, we close on a second transaction to transfer ownership of the home to you for the same price we paid in cash up front. You’re now the official owner of the home—congratulations!
If you’re looking for the perfect way to buy your home, get in touch with our team of experts at Flyhomes to know more about the Flyhomes Cash Offer.