Compare how cash home sales in Port St Lucie vs getting mortgage affects days to closing 
When you’re selling your home, choosing a buyer who’s offering cash can be a big advantage. In most cases, a cash buyer allows you to finish the deal much more quickly than when you’re working with a person who’s getting a mortgage. You could have your money in days rather than weeks or months. Consider the significant advantages that come with choosing a cash buyer.

Mortgage Paperwork
The process of securing a mortgage can be a long and arduous one. Even when a buyer has a mortgage pre-approval, it usually takes about 60 days for the bank to get everything together and for you to close on your home. During that time, you can also feel like your life is in limbo, since there’s always a chance that something could go wrong. You’re also responsible for your mortgage payments during this timeframe. This wait can be extremely frustrating when you just want to finish up the deal and move on with your life. 

Appraisal Worries
One of the conditions of a mortgage is that it can’t be for more than the home is worth. In a hot selling market, you may be able to command a high price for your home, but if it appraises for less than the amount you’re asking for, buyers who need a mortgage won’t be able to complete the transaction, and you’ll be back to where you started. Cash buyers, on the other hand, aren’t bound to the appraisal. Some may not even want to have an appraisal done before the purchase. If you’re worried that market fluctuations will mean that your home appraises for less than you’re asking for, it’s wise to choose a cash buyer. 

Home Condition
Many people want to do a home inspection before they finalize a home purchase. It’s a requirement for anyone getting a mortgage. In some cases, the mortgage company won’t approve a mortgage until certain changes are made to the home. For instance, if you did a basement remodel that isn’t up to code, the mortgage company will likely require you to pay for those upgrades before they’ll finalize the deal. This adds extra time to the closing process and can really make it drag out. Additionally, any money that you have to pay for these repairs is money that you’re losing out on. Cash buyers do not have to worry about these stipulations, and they may not care about meeting certain code regulations if the problem isn’t a significant safety threat. Without needing to make repairs, the closing process can occur more quickly.

Mortgage Falling Through
A home seller’s worst nightmare is having the buyer’s mortgage fall through at the last minute. At any point in the process between the day you accept an offer and the day you sign the closing papers, the mortgage company is free to rescind its offer. This might happen because the company realizes that the buyer lied about income, because the home didn’t appraise for the amount offered or the bank decided that the buyer needs a bigger down payment that the buyer doesn’t have. If you’ve been waiting more than a month for the home to close, learning that the mortgage fell through can be devastating. It means you’ll have to put the home back on the market and start the process over again. With cash buyers, though, this simply isn’t a concern. The buyer already has all the cash he or she needs to purchase the home and there are no stipulations attached to this money.
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Contingencies
Home buyers often put contingencies in their offer, especially when they are getting a mortgage. The contingencies might mean a “clean inspection” or asking you to pay some or all of the closing costs. People buying a home with a mortgage don’t always have a lot of money in the bank to pay for these costs or to cover the cost of necessary repairs. Sometimes, this means that there’s a lot of negotiating with the buyers. They start by making an offer with a contingency that you need to repair the roof, you counter offer with something that’s better in your interests, and it goes on and on. With cash buyers, it’s usually a straightforward offer. A cash buyer might be looking for a good deal on a home and may offer less money than a buyer who’s going to pay with a mortgage, but there are less headaches involved. In many cases, this is worth the slight cut in pay you expect when you work with a cash buyer. Cash Home Buyer

Selling Their Home
Many people who are planning to purchase a home with a mortgage need to sell their own home in order to get the down payment necessary to purchase your home. This can be a very big inconvenience to the closing process. If your buyer needs to sell his or her home before finalizing the deal on your home, you could potentially be waiting it out for several more months. There’s no telling how long it could take to sell their home. This is rarely a concern when you have a cash buyer, so the whole selling process can go more smoothly.

You have choices when you’re selling your home. While there are usually more people looking to buy with a mortgage, having someone come in with a cash offer can be a big advantage. If you’re looking to sell your home quickly, look for someone willing to pay with cash.

We have been buying houses in Central Florida and South Florida for many many years. We just recently added a team member in Port St Lucie to buy homes for cash. If you need fast action and a fair price on your St Lucie county home, please call us any time at 407-617-4289 or click here to sell fast.