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Importance Of Selling Your 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. This means that one does not go to a bank in order to have the money paid to their account. One recommendable means of selling a house is using selling it for cash. When one is in need of moving from an older house they owned to acquiring a new one with money gotten from selling the older house it is a very effective means. Cash terms see to it that no time is lost in the process of going through the transaction. Time is saved in the event of going through the whole process. There is no need of going through many legal procedures since the transaction is done at a personal level and it does not make it necessary that one should incorporate third parties. 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. This cannot be the case if the business is done through some financial institution. The ease of the seller is going through the process is well monitored in the case of a cash transaction. The seller is in the position to look at the time that best suits them. 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. If a bank were involved in the process, they would have reduced the money by drawing from it their service charge. 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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When doing the process for oneself it is possible to skip the experts who will rather come in as lawyers, guarantors and others. When these professionals come in, they charge a fee for the service they provide. These charges can be avoided in the case one goes through the business using cash. When the transaction is done in cash, it makes it possible to have all the money at hand at the same time which is a very convenient way. 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 using cash one is able to avoid the inconvenience created in a situation whereby one would have to wait for a cheque to mature in the bank.