Sunday, January 17, 2021

34 - What are the pros and cons of a Cash Offer?

https://u109893.h.reiblackbook.com/seller6/effortless-home-buyers/34-what-are-the-pros-and-cons-of-a-cash-offer/

Cash offers are one of the 5 offers we can make.

The main pro is speed and convenience. You don’t get any contingencies in the contract. It can be closed from 15 to 30 days starting on the day the purchase agreement is signed, and we are going to take care of everything for you.

This is great for those who just wants to get rid of the property and get the money.

The main cons is first, it would be the lowest offer we can make because of all the additional cost and coordinating in a short timeline.

To find out more about this, you can visit our website at: https://www.effortlesshomebuyers.com/

Fernando O. Angelucci is Founder and President of Titan Wealth Group. He also leads the firm’s finance and acquisitions departments. Fernando Angelucci and Steven Wear founded Titan Wealth Group in 2015, and under his leadership, the firm’s revenue has grown over 100% year over year. Today,

Find out more at
https://www.TheStorageStud.com
https://titanwealthgroup.com/
Listen to our Podcast:
https://thestoragestud.podbean.com/e/effortless-home-buyers-what-are-the-pros-and-cons-of-a-cash-offer/

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So what are the pros and cons of receiving one of our Cash Offers? So our Cash Offer is one of five offers we make to a seller when they come to our organization. The pros of a cash offer are gonna be speed and convenience. You're going to be able to rest assured that the price that we give you is the price that you're going to get. You're not going to give any contingencies in the contract. We're going to usually be able to close anywhere between 15 to 30 days from the day we signed the purchase agreement, and we're going to take care of everything for you. We're going to take care of ordering title, any type of closing requirements that the local municipality might have, such as pulling the water bill or getting a survey or doing a presale inspection. We're gonna handle the attorneys for you.


We're going to handle title, we're going to pull all of title, we're gonna pay for it. So everything's kind of done for you. This is a really great option, if you're just tired of the property, you just want the cash and you just want to run without having any types of headaches. So a Cash Offer is one of our five offers. Now, what are the cons of the Cash Offer? Well, the cash offer is gonna be probably the lowest offer of the five that we give you. And the reason for that is because we're going to have to, in that small amount of time, go raise the capital. Do the repair cost estimate, bring in the contractors. We have a bunch of staff we're going to have to pay to be able to handle all of this and coordinate the entire closing within your short timeline that's needed. So that probably the only conduit Cash Offer is the fact that you'll be getting a lower offer. And another con is also, if you have a lot of built up equity in the property this will trigger a lot of taxes, both capital gains taxes and depreciation, recapture taxes. But, like I said, on the pros quick, it's fast and it is convenient and we'll handle everything for you. It's almost a tailor made almost like a concierge style service for you. So that's what our Cash Offer is.

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