Cash Property Buyer

 

Many people may think that a cash property buyer is someone who has a huge amount of cash sat in a bank account waiting to buy a property. The reality however is that this is seldom the case, most often the cash is effectively some other form of financing in place ready to purchase a property.

The advantages of being a "cash property buyer" are clear, having the capability to buy a property very quickly creates a situation where the buyer can get a discount to the actual property valuation. For the vendor or seller it also has benefits in that they can unblock a property chain, or simply release equity for other urgent requirements.

In effect the property buyer with cash it creating a win-win situation, they get to purchase at a discount and the seller gets their hands on the funds very quickly, often in 7 days or less after agreeing contract terms.