A cash home sale is a process in which the seller receives payment for the sale of their home in full, at the time of the sale. This differs from a traditional home sale, in which the buyer typically takes out a mortgage to pay for the property. There are several benefits to completing a cash home sale: it is simpler and faster than a traditional sale, there are no financing or appraisal requirements, and you don’t pay commissions. Here are the steps to follow to sell your home for cash.
Contact a Cash Buyer
The first step in the cash home selling process is to contact a cash home buying company. There are many reputable companies that will make you a fair cash offer for your home. The key is to find a company that you can trust to give you a fair price and close on the deal quickly. You’ll start by answering a few simple questions about your home, like the size of your home, age, location, and other vital details. This info is used to determine the fair market value of your home and get you an offer that you are happy with.
Get an Offer
The home visit is when the cash buyer comes to see your home in person and makes you a no-obligation cash offer. This is an important step in the process because it allows you to get an up-close look at the buyer and their offer. It also gives you the chance to ask questions and get to know the buyer better. This step usually takes place within 24 hours of the initial contact, but is scheduled completely at your convenience. You’ll have your no-obligation cash offer in hand after your visit, letting you decide on your own time.
Close in Seven Days
The final step in the cash home sale process is closing. Closing typically happens within seven days of when the contract is signed, which is weeks or even months faster than traditional home selling. This is an extremely quick turnaround time, which can be helpful if you need to close on your home quickly. The process of closing involves the transfer of ownership of the property from the seller to the buyer. The title company will take care of all of the paperwork and make sure that everything is in order. Once everything is finalized, you will be able to walk away from the property with no obligation.
The home cash selling process can feel like a hidden process for first-time sellers. The truth, however, is that selling your home for cash is an easy to understand process that anyone can do. Think about a cash home sale for your next property sale.
Do you have a property you want to get rid of? Learn more about how we buy houses at Joe Home Buyers of the Sacramento Area!