Published February 10, 2023
Any Home Buyer Can Be a Cash Buyer
What if your real estate agent told you that any home buyer could become a cash buyer?
Sounds too good to be true, right?
Real estate brokers run across situations every day where a buyer doesn't have as much power with a deal that is being financed because of offer contingencies, or they are in competition with multiple offers - a situation that comes up quite often - on the property of their dreams.
If the buyer is a cash buyer, that helps get the job done
KBT Realty is promoting a new tool that makes it possible for pre-approved buyers to become cash buyers. This tool works in a wide variety of real estate buying and selling scenarios.
A buyer might own a house in Kentucky, for example, and they have found a house in the Wilmington NC market that they want to purchase. Or they could have a house in Wilmington that they need to sell in order to be able to buy a different house in the area. That's one situation: a buyer has found a house they want to buy, but they can't close on it - or even make an offer on it - until they sell their current home.
This program bridges that gap by providing a solution that allows home buyers to get into the new home before selling their current home, and that also gives them another layer of advantage in that they become a cash buyer.
Deals for pre-approved buyers in this program can close in as few as seven days, or can close in 90 days, or however long the buyer needs it to work for their unique situation. This tool adds an advantage to the buyer in terms of negotiating, and also in bridging the gap of having to sell a house before closing on another home.
There are some particulars that make a buyer eligible to participate in the program, including pre-qualifying with their lender, and making an offer on a home that has been inspected and certified through the program. A real estate broker certified in using this tool can help both buyers and sellers navigate the process.
There are so many ways that a first time buyer, or any buyer can use this program.
Scenario One: Your Home Must Sell Before You Can Buy
Scenario Two: Sellers Are Guaranteed a Sale
Scenario Three: Your Financing May Be Delayed
There is no catch; the program truly allows both buyers and sellers to win in every aspect of the deal. It helps both get to the finish line much quicker. This is a new program that offers the type of financing opportunity that realtors don't see very often, and it promises longevity.
This is going to help buyers get into homes much quicker, close much more quickly, and be free of contingencies that can muck up a deal.
This program is a win for buyers, a win for sellers, and a win for agents.
There is literally no cost for the buyers in any deal. The seller is always responsible for paying a fee; it's the same percentage fee for any deal. A real estate broker can explain the details of the program and map out exactly how it will work in your situation. One buyer, two buyers, or twenty buyers... two sellers, or twenty sellers. It's the same program for everyone.
Contact your KBT real estate agent for more information.
