All cash offer, choose YouLand bridge loan!

Recently, all-cash offer is undoubtedly the winner of the real estate market. In fact, in the real estate field, all-cash offers have long been a "home stealer's tool" because they help buyers stand out.

An "all-cash offer" is when a buyer does not use a mortgage to purchase a home and pays the full cost of the purchase in cash. During the passed two years of the hot market, all-cash offers were a way for buyers to make their offers more attractive to sellers. By 2023, higher interest rates cause many potential buyers using mortgages to purchase homes to exit the market due to higher prices, as higher interest rates mean higher prices and thus lower affordability of new homes. In contrast, all cash buyers are unaffected by mortgage rates.

Sellers are also more likely to accept lower offers because of the reduced competition. This situation is clearly good news for buyers of all-cash homes.

With the recent home buying season in full swing and many people in need of a home, plus home buying opportunities that are not to be missed, if you are in need of a home, why not consider an all cash offer and take advantage of the current market for an affordable home!

YouLand bridge loan

If you don't have enough cash, YouLand bridge loan can help you solve this problem. Bridge loans can be used as an "all-cash offer" in a real estate transaction. You can obtain a bridge loan and then make an all-cash offer to the seller, which can be attractive in a competitive real estate market or where the seller prefers a quick and guaranteed deal. In this case, an "all-cash offer" allows you to purchase a property without relying on a traditional mortgage. Instead, you have immediate access to funds to complete the purchase.

YouLand bridge loan can be used as all-cash. If you want to get a head start on your home purchase, consider YouLand Bridge Loan, which is non-income-tested, has no early payment penalty, and requires no appraisal report!

YouLand Bridge Loans also have the following advantages:
1. Closing in as fast as 3 days
2. Up to 80% loan-to-value ratio
3. Very competitive interest rates
4. No income proof required
5. No need to wait for appraisal certificate, you can release the loan directly
6. No early payment penalty

Why do sellers prefer cash offers?

Fewer contingencies

The more contingencies written into the purchase agreement, the greater the risk of the sale being delayed or cancelled altogether. Your final offer as a buyer may depend on a professional inspection of the home, the financing that can be obtained (through a loan or through the sale of a previous home). Your lender may also require a professional appraisal. And cash eliminates any risk of the buyer not qualifying for a loan and the risk that the appraisal will not be sufficient to support the loan.

No appraisal required

Cash offers allow buyers to avoid the lender's appraisal, making them more attractive to sellers.

When buyers finance a home, their lender must agree on the value. Therefore, most purchase contracts include an appraisal contingency clause to protect buyers and lenders from overpaying for the home.

Faster Transactions

After a contract is signed, it takes lenders an average of 30-45 days to get buyers to close. An all-cash transaction can be completed in 7-14 days. Faster closings are especially attractive to sellers who have already purchased a new home and need to sell quickly to avoid paying two mortgages.

Why are cash offers also attractive to buyers?

Lower purchase price

Paying cash for a home can save money on the listing price. Sellers are often willing to accept lower cash offers for a quick, hassle-free sale than when dealing with the sometimes months-long traditional sales process.

Less competitive pressure

Higher interest rates cause many potential homebuyers to drop out of the market due to higher prices and lower affordability, reducing competitive pressure on all-cash buyers.

Lower Closing Costs

Traditional home sales require significant capital at the closing of the transaction. Closing costs can include a range of fees, and for buyers, closing costs are typically 2-5% of the home's purchase price. Homes sold for cash, on the other hand, do not require these fees, which can save money.