If you’re considering selling your multifamily property, one of the first questions you may be asking is whether selling for cash is the right choice. While traditional listings can work in some situations, cash buyers offer unique advantages that might better fit your needs.
The Pros of Selling for Cash
- Faster Closing: Skip the months of waiting—cash deals can close in as little as 7–30 days.
- No Financing Risk: Buyers aren’t relying on banks, so deals don’t collapse due to denied loans.
- As-Is Sale: You won’t need to spend money on repairs or updates before selling.
- Fewer Contingencies: No appraisals, fewer inspections, and much less back-and-forth.
The Cons to Consider
- Lower Purchase Price: Cash offers may come in below what you’d get on the open market, since buyers are often investors.
- Limited Pool of Buyers: Not every property type or location attracts cash buyers.
When a Cash Sale Makes Sense
- You need a fast, certain closing.
- You’re dealing with deferred maintenance or code violations.
- You’re tired of managing tenants or resolving disputes.
- You’re facing financial pressure (balloon notes, tax liens, or foreclosure).
- You’re handling an estate or inherited property.
👉 Bottom line: Selling for cash is about more than just money—it’s about peace of mind and certainty. If those matter more than squeezing out the last dollar, a cash sale may be the perfect fit.