Posted by When it comes to selling your home, you don’t always need to go the traditional route. In today’s day and age, we have more options than the standard process of hiring a real estate agent and selling your home in the traditional sense. If you want to sell your home quickly, you have the option of selling it for cash to an investment company.
However, if you’re unfamiliar with the process, it might feel somewhat suspicious and daunting. We’re here to give you some tips for selling to a cash buyer that will help you feel comfortable and confident during the process. Here’s our checklist for selling your home for cash.
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Request an Offer and Have the House Evaluated
You’ll want to start by requesting an offer from a specific company. You will provide the details on your home, what it’s valued as, and if any repairs or updates need to be made. Once you request an offer from the buyer, they will then move on to evaluate the house.
During this process, they will check on its value as well the overall condition of the home. You can decide whether or not you want to make repairs or to sell the house as is. Finally, the buyer will give you an offer on the home.
Accept or Deny the Contract
After the buying company or individual takes a look at the home, they’ll provide you with an offer and write up a contract. If the terms of the contract and the amount of the offer sound good to you, then you can move on with signing it and closing on the house. If you’re not comfortable with the offer, you can either pull out or try to negotiate better terms.
Additionally, you can always move forward with a different buyer who might make a better offer. If this is your first time with this process, don’t move forward with anything that doesn’t feel absolutely right.
Complete Inspections
Sometimes, even if you’re selling your house as-is, the buyer will want to have the house inspected or appraised. Because of this, it’s important to be upfront about the home’s conditions and whether or not you want to make repairs. While not every situation will require an inspection or appraisal, it’s better to plan for one regardless.
Close on the House and Clear the Title
The best part about selling a house for cash is that you don’t have to wait on lending companies to approve the mortgage. Instead, you can move straight onto the closing phase.
During a real estate transaction, mortgage loan approvals can delay the process significantly, especially if the buyer needs to clear up some of their financial histories.
When selling for cash, once the title is cleared, you can receive your payment and move on with your life.
Get Paid
Again, the best part about selling to a cash buyer is bypassing the mortgage approval step. Once all is said and done, the company will send you a check or direct deposit with the amount that they offered to you.
With the number of companies out there who offer this service, it’s definitely something worth looking into––especially if you’re in a pinch and need to sell your house fast!
Provided by Wait! Read This Before You Sell Your House for Cash