Sell My Building With No Interest Rate
I must sell my building with no interest rate. That’s another way of saying that a cash sale is the only form of sale available to me because this building needs a lot of work. My aunt had no other relatives, so the building she owned was given to me in her will. I had no idea she owned this old building, and I certainly was not expecting to inherit it now.
I am ready to sell it, and I am thinking about how mortgage interest rates are going up at the present time. Rising interest rates are impacting home sales negatively, and it seems like commercial real estate sales could be impacted the same way. There is one way to avoid the whole issue of mortgage interest rates, which is by finding an interested buyer who can pay cash for the property.
Commercial real estate loans generally carry interest rates that are at least 1% higher than the rates on home loans. This fact also inspires me to find my own cash buyer for the building I inherited because a cash buyer has no reason to apply for a mortgage loan when they have the funds available. Cash buyers of real estate are not concerned about interest rates.
Sell My Building to We Pay Fast Now
We Pay Fast is a cash buyer. They are a team of real estate investors who regularly pay cash and close fast on property, including buildings needing a lot of work. The buyers at We Pay Fast are authorized to make offers over the phone when sellers like me call 1-800-WePayFast (1-800-937-2932) or email info@wepayfast.com to get a phone call back within 24 hours. Once we get together on the phone, if they make me an offer and I accept it, We Pay Fast will send a purchase agreement by email for my signature.
Neither We Pay Fast nor I will need to rely on low-interest rates when I call 1-800-WePayFast (1-800-937-2932) and speak to them about my building for sale. We Pay Fast can often close their cash purchase transactions in as little as a week to ten days, even on properties like the one I inherited that need work.