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Merits Of Selling A House In Cash. A cash transaction is one through which one exchanges a commodity they own for a set or agreed sum of liquid cash. 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. In case one is need of relocating from one house to another that they own and want to use the money from the old house to get a new one cash sale is recommendable A lot of time could be saved if the transaction is performed in cash terms. Time is saved in the event of going through the whole process. It ensures that one can now perform the transaction without having brought in third or even fourth parties and even without bringing in extension bodies in. When going through the process, the seller can decide to sit over coffee with the buyer and go through the whole p[process over table, and the deal easily made. Once a financial institution is involved the process cannot be the same simple one again. When dealing with a cash transaction the convenience of the seller is what is considered. The seller looks for time which is best for themselves. 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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When a transaction is done on a cash basis, the seller can get all the proceeds from the sale without deductions. 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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In the case where one sells their house in case there is no need of bringing in professionals such a actuaries and legal lawyers which are usually involved in the purchase process. When these professionals come in, they charge a fee for the service they provide. This expenses will lie on the side of the seller and hence having the transaction done on cash will help avoid such an expense. When a payment transaction is done all the money will be given up to the seller according to their agreement. 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. When a cash transaction is used one is saved the pain of waiting for a check to develop in the bank.