Do You Need an Appraisal for a Cash Sale? The Truth for Montgomery County Sellers
So, you’ve got a buyer waving around a briefcase of cash (okay, more likely a wire transfer) and you’re thinking: “Sweet! We can skip the appraisal, close faster, and keep this simple.” Not so fast, my friend. While an appraisal isn’t always required when there’s no lender, it can still be one of the smartest moves you make—especially here in Montgomery County, where home prices can swing faster than a boat dock on Lake Conroe during storm season. ✅ Why Cash Buyers Sometimes Skip the Appraisal When there’s no mortgage lender, there’s no bank telling you, “We need to know this house is worth what we’re loaning.” So technically, you can skip the appraisal. For some cash buyers, this means they’re confident in the deal, they know the market, or they’re buying as-is for a tear-down, rental, or investment. 🧐 Why You (or Your Buyer) Should Consider One Anyway Here’s the kicker: just because it’s optional doesn’t mean it’s smart to skip. A cash buyer might have deep pockets, but ...