Mississippi’ Trusted Home Buyer

Cash Offer VS. Financing for a House Sale

An Important Decision

We understand the importance of the monumental decision it is to either buy a house or sell a house. When talking about a cash offer vs a loan offer for house buying or selling purposes, there are many different things to consider. One major issue concerns money – is it better if you have enough liquid assets to be making a cash offer on a house? If selling, should you consider accepting a cash offer on a house? Therefore we will attempt to cover both angles of the home buying process or home selling process, and the pros and cons of both methods. 

Buying a House

Let’s say you’ve found your dream house, but it’s a seller’s market and you already know there are multiple offers you’ll be competing with. Instead of preparing for a bidding war, home buyers with enough cash can make a competitive offer to pay cash for the home. Cash offers are typically given preference to others, mainly because such an offer means a fast closing process with fewer contingencies. 

Selling a House

When you’re the seller, you have the option of putting your property up for sale on the open real estate housing market. Or, you can opt to skip that entire process and solicit cash offers,  instead. Once your house is on the market in a traditional home sale, it doesn’t really matter too much whether the buyer is paying cash or not, except with the speed and ease of the sale. Most homeowners do prefer a cash purchase, though, because of those factors being so significant. 

Real Estate Agents

When searching for a home, an experienced buyer’s agent will be able to help you decide on what method is best, if a cash transaction is an option. You may be able to save money by offering a little less than the listing price when making a cash offer. If you’re selling a house traditionally, a real estate agent is essential to get the highest purchase price possible. 

However, when you sell your house to a cash buyer and skip the traditional sale, you save yourself the 6% commission fee that normally goes to the agents – a significant amount! But whether buying or selling, you should always consider hiring a real estate attorney for the closing procedure, with a cash sale. 

Mortgage Financing

Most buyers have to get a home loan, and a mortgage loan means getting a mortgage lender involved. Regardless of the financial institution you choose, lenders require many things besides just a good credit score for actual mortgage loan approval. The lender is the one who requires the home inspection, the home appraisal, and is the source of most contingencies, such as the inspection contingency. 

In addition, sellers prefer cash buyers because it’s due to lender involvement that it takes so long to close on a house, as well as the reason many sales fall through. With cash sales, the deal rarely falls through, and a house can close in as little as two weeks! 

Tax Benefits 

Making a mortgage payment on time every month is hard, but one good thing about paying mortgage interest with your mortgage payments for all those years is good for, and that’s the tax deduction. When you pay cash for a house, you won’t be able to use any mortgage-related deductions. On the flip side, an all-cash buyer will save all the home mortgage interest they would be paying over 30 years, which is quite a significant amount!

What An All Cash Offer Doesn’t Include

Remember when making an all-cash offer that you will need to have money put aside for other things related to the sale. For instance, you’ll need to have a title and escrow company handle the transaction. Additionally, don’t forget about things like title insurance, homeowners insurance, property taxes, maintenance costs, HOA fees, etc.

You also may need to submit earnest money (and proof of funds) to secure your all-cash offer. Earnest money helps the seller know you’re serious about the cash offer you make. 

Cash Buyers 

Cash offers sound pretty great overall for everyone involved. Most of the last few paragraphs were for individuals who are buying a house. But the fact of the matter is, if you want to sell your house for cash, you don’t have to go through a traditional sale at all! At Sell Your House Fast – Mississippi, we are the cash buyers who care about our clients and their situations. Get a free, no-obligation cash offer just by filling out the short form on our homepage, right here on this website. We pay cash for houses in any condition!

Sell Your House Fast – Mississippi: How It Works

With Sell Your House Fast – Mississippi, a cash buyer will be in touch shortly after you submit the form mentioned above, to schedule an appointment to visit the property in person. At that time, the cash buyer will discuss your situation and answer any questions you may have. The representative will make you a cash offer on the spot! There is no obligation to accept this cash offer, and no strings attached. If you do accept, you get all the cash in as little as two weeks!

Sell Your House Fast – Mississippi: The Benefits 

Here’s what you can look forward to when you accept a cash offer from Sell Your House Fast – Mississippi: 


So if you have been thinking about selling your house and are interested in a cash offer, get one today from Sell Your House Fast – Mississippi!

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