Traditional lenders require a home appraisal so that they know the home is worth as much as they are financing. This reduces the bank's risk that the property will end up in foreclosure. In a cash sale, there is no lender, so there is no appraisal required. This allows for a much quicker and smoother transaction for the seller.

One of the lengthiest steps of a traditional property sale is the underwriting of the mortgage itself. It takes an average of 30 to 60 days to complete, and there's always a chance that the buyer's finances may change during the time between their pre-approval and the underwriting of the mortgage. For example, if the pre-approved buyer decides to buy a car in the time it takes to secure the loan for the property. Then that property loan could fail to be approved months later during the underwriting. The seller will then have to put the house BACK on the market and start the process all over again. A cash offer is simply stronger.

With some types of mortgages, like FHA, VA, and USDA loans, the buyer would be restricted to specific properties in a certain condition. In a cash sale, the buyer can purchase whatever they are interested in, regardless of the condition. This opens doors to a whole new world of real estate, opportunities, and people to help!

Revite LLC will pay all the closing costs and fees during the transaction. In a traditional sale, the seller is usually required to pay all closing costs, including real estate agent commission fees, repairs to meet mortgage and inspection requirements, and don't forget sales tax! All of these costs can add up to TENS OF THOUSANDS OF DOLLARS (an average of 7-10% of the total sale price of the property) and months of lost time in the sale.