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Merits Of Selling A House In Cash. Cash is a means of payment that involves exchanging of a commodity at a given money value with money at hand. It does not involve the process of having to go to a bank in order to acquire the money paid for your item. Selling your house for cash is one successful method of making business or performing a transaction. When one is in need of moving from an older house they owned to acquiring a new one with money gotten from selling the older house it is a very effective means. When one sells their house on cash basis they can save a lot of time in the process. When we put in mind all the processes that could come in the eventual result is that a lot of time is saved. There is no need of going through many legal procedures since the transaction is done at a personal level and it does not make it necessary that one should incorporate third parties. The seller can quickly come to an agreement with the buyer that will enable them to settle on a deal on their own without having to go through other legal processes which they would have gone through in case they used that legal procedure. This cannot be the case if the business is done through some financial institution. When dealing with a cash transaction the convenience of the seller is what is considered. The seller is in the position to look at the time that best suits them. This is so because the buyer is the one interested in the deal, but the seller sets things in the contract and will have the control to see to it that things are done at their time of convenience.
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The seller is in a position to take up the whole sum of cash without losing even a coin when the transaction is done on cash basis. Banks are also in business and will operate for profit, and this is possible since they will charge some money for the service they offer. This ensures that the seller gets the full amount they deserved for the house without some being charged as service charge by a commercial bank or institution involved.
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Where one is selling the house on cash, it is not necessary that they should bring in professionals such as assessors and lawyers. These personnel’s also demand pay for their involvement in the transaction since they use their skills here. Such expenses would lie on the side of the seller and hence are best when foregone by transacting by cash. In a cash transaction, the seller is given all the money in cash as agreed and this is the best way. Banks demand that one should be in a position to explain why they would want to withdraw a large amount of money before withdrawing hence would be a challenge to the seller to get it all at once. Cheques take time to mature when in the ban and hence are inconvenient in a case where the money was urgently required.