Finding a Cash Offer On Your Home That Won’t Fall Through

Very few statistics exist on how many cash offers fall through at the various stages of buying a home. However, it is known that 10% of home sales happen outside of the auspices of a real estate agent. In many ways, a cash offer on a home is like a contingent offer through a realtor. In 2021, the National Association of Realtors estimated that 5% of contingent offers fell through. Therefore, five to ten percent of cash offers will likely fall through when it is time to close the deal. Let’s look at the sure way to ensure your cash offer will not fall through.

Home inspections

If you try to sell your home, your cash-only buyer might ask you for a home inspection. Many cash buyers waive contingency fees but might ask for a home inspection. The home inspection is their leverage for negotiating a lower price. Issues may appear during the home inspection, like a roof or foundation, that may cause the buyer to walk away from the deal in its entirety. With Houston Capital Home Buyers, you will not have to deal with the cash offer falling through because of the home inspection.

Any tax debt or past-due child support

Does your buyer owe back taxes or past-due child support? Expenses like these will bring the cash-offer deal to a screeching halt. In addition, the buyer’s cash might shortly get levied. A statement of information from the buyer can help the seller determine if the buyer is suitable for the cash offer. It’s also a good idea to steer clear of buyers with a pending divorce, outstanding alimony, or other legal matters that may jeopardize their finances. With Houston Capital Home Buyers, you have ensured a cash buyer with reputable financial standing.

You have tenants

Tenants likely won’t break a cash-offer deal, but you must ensure you meet your obligations. A tenant is entitled to their entire lease term, and you must bring your seller up to speed. Therefore, good communication is essential to selling your rental property for a cash offer. Houston Capital Home Buyers can work with you if you have tenants in the property that you want to sell.

Not enough money for closing or inability to sell the current home

A cash buyer ultimately must make decisions based on their finances. Sometimes, the buyer might lack the cash to close the home immediately. The buyer might also hit a bump in the road if they want to sell their existing home to finance your cash offer. If you let Houston Capital Home Buyers make you a cash offer, you will sell your home in as little as seven days.

Work with Houston Capital Home Buyers to secure a cash offer

If you work with Houston Capital Home Buyers, we can get you a quote on our home in as little as twenty-four hours, and you can sell your home in as little as seven days.