Boston Real Estate for Sale

Boston Real Estate

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Here are the pros and cons on accepting a cash offer on your Boston condo for sale:

Pro: It’s Much Quicker to Buy a Boston Real Estate

Since the buyer does not have to apply for a mortgage and deal with all the red tape of applying for financing, a cash purchase is typically a quick process. When doing a cash sale, you can close in just 10 to 12 days in most cases, which makes it ideal for Boston condo sellers who are in a hurry to get rid of their condo and focus on a new home instead.

Con: You’ll Likely Receive Lower Boston Condo Offers

Boson condo buyers who are offering to pay in cash for a condo tend to provide slightly lower offers. In fact, suggesting a buyer pay in cash is a classic negotiation technique for lowering the overall price of a home. Buyers make lower offers because they are hoping the convenience and speed of a cash purchase will convince the owner to accept a lower bid. You will have to decide if the ir is worth a little less money.

Pro: Boston Real Estate Offers are More Reliability

The process of making an offer, accepting an offer, and closing on a home are filled with uncertainties. For example, a lender could withdraw a loan offer if a buyer loses his or her job suddenly. Even if the buyer is preapproved by a bank, something could go wrong. As long as your cash buyer has verification of the funds, you can be confident the sale will most likely go through, which makes it easier to plan ahead when selling your condo.

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