Paying cash for a house seems like a dream scenario. There is no mortgage and no problems. The DiMora Team are real estate experts in the Novi and Northville neighborhoods but we want you to think about if is the best decision for your overall financial benefit? There are house flippers who are becoming increasingly prevalent, buyers need to know what makes cash bids competitive in order to make an educated decision about the best course of action for their personal situation. However, if you’re confident that you’re getting a fair price for the property, you could waive the appraisal as a cash buyer. Forgoing an appraisal represents a potential savings of around $300-$400 — the average cost of a home appraisal. Check out below to see what sold in Carriage Hill in January 2020:
40925 Coventry Road, Novi: 3 bedrooms, 3.1 bathrooms, 2,766 sq. feet, 3.5 car garage, Sold Price: $475,000
Carriage Hill Home Sold
Cash buyers don’t have to wait for the loan approval process (which can take between 30-45 days), so they’re able to negotiate more freely with sellers regarding the closing date. A cash closings can shave off a good 15 days or more from that timeline. For more information on Carriage Hill, or similar Northville or Novi neighborhoods such as Royal Crown, Liberty Park and Yorkshire Place, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.