Cash for houses programs make it possible to quickly and easily buy an existing home without the hassle of a formal loan process. This type of purchase allows cash-only buyers to get an attractive price on their new home, offering much more cash up front than a traditional loan at closing. Such cash transactions take relatively little time compared to more traditional approach of applying for mortgage, meaning cash-for-houses purchases can often be completed within days instead of months.
This can be especially helpful if a seller is looking to close quickly or if the buyer needs quick access to cash in order to make their purchase. With cash offers, there are no worries about appraisals or extensive paperwork from lenders involved with mortgage-based financing either. It's really just a cash sale that is usually mutually beneficial for both buyer and seller.