Selling your home to a cash buyer is simple and fast. Unlike the traditional way of selling property, a cash sale involves no work and no costs to you. In fact, you do basically nothing but show up to sign the final papers at closing. If you’re wondering how that’s possible, here’s an explanation of how it works.
Preparing for the Sale
When you decide to sell your house to a cash buying company, all you have to do is contact them. You tell them general information about your house, such as the location and size. They may send a representative out to your house to verify the information, but you don’t sign any contracts.
Best of all, you don’t need to clean up your home or make any repairs. The house will not be photographed or posted on the internet, and no prospective buyers will tour your home. The cash buyer will make an offer on your home regardless of its condition.
Getting the Offer
The cash buyer will evaluate the value of your home based on location, condition, the local market, and other factors. Within 24 hours, you will receive a competitive, no-obligation cash offer on your home.
If you accept, you will receive the full offer price. Unlike traditional sales, there will be no commission deducted from the sales price. You will not pay any other fees or closing costs.
Closing on the House
After accepting the offer, you are in charge of setting the closing date. You can do it as soon as possible, within a few days sometimes, or you can set a date that works for you. There will be no home inspections or property assessments before closing.
For the closing, you will meet the buyer at a reputable title company. The process is simple, and since the buyer doesn’t need financing, you don’t have to worry about the deal falling through at the last minute. You just sign over the deed and receive your cash.
A cash sale is a direct transaction between you and the cash buyer. You can complete the deal without the hassle of showings and expense of repairs. Selling your home for cash can be a great option for people looking for a quick, easy sale.
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