Sell Your Blackburn For Cash
Do you need cash buyers only for your property in Blackburn, Lancashire? Do you need to sell your house fast? Whatever your reason to sell your house – relocation, emigration, divorce, probate / inheritance 123 Sold can help – we are fast cash buyers.
Definition of cash buyers only
If you need cash buyers only, it is a possibility that the property you are selling may not be able to get a mortgage on it. This makes it difficult for a traditional buyer to obtain a mortgage. The condition of the property could have structural issues, subsidence, has roof damage or is fire / flood damaged that means that cash buyers only can buy it.
You may have seen a property on Rightmove for cash buyers only due to construction type or material type that is prone to deterioration or foundations that can cause subsidence such as red shale.
If the seller knows that it would be impossible to get a mortgage on the property, they will advertise the property for cash buyers only so that they do not have to go through the whole process only to find out that the sale of the property will not go ahead. If the property has a short lease or a defective lease, it will appeal to cash buyers only.
The second reason is if the seller needs a certainty of sale and does not want to wait around for a chain, or wait for a purchaser’s mortgage offer to come through. This is because the seller:
Has found their dream home and does not wish to miss out on it.
Is looking to release equity tied up in a property to start a new business venture.
Needs to move abroad / relocate.