If you want to sell your home in a hurry, you might be considering selling your home to a cash buying company. It’s becoming an increasingly popular option, especially since traditional home sales can drag on for months. You can’t beat a cash sale if you want speed.
The Preparation
When listing your home for sale, you have to make repairs and fix up the interior for showings to prospective buyers. That can be time consuming, as well as expensive. With a cash sale, no one will ask you to repair your home or even clean it up.
To prepare for a cash sale, all you need to know is a little information about your house. The cash buyer will want to know the square footage, number of bedrooms and bathrooms, the location, and the condition. You probably already know this information.
The Offer
After contacting the cash buyer, you will receive an offer within 24 hours or less. The offer carries no obligation, and if you decline, you can try to sell another way. If you accept the offer, you won’t have to do anything to the house.
With a cash sale, there are no third-party inspections. You don’t have to hire a home inspector or appraiser. If you have a mortgage, you will have to contact your lender, but the cash buyer can help you with that.
The Closing
In almost all cases, you can close within 7 days of accepting the offer. The cash buyer will need to check that the deed is clear and not subject to any liens or disputes. Then, they’ll prepare all the necessary documents for you to sign.
Since the cash buyer doesn’t need to get financing, there’s no waiting for the underwriting process and no risk that the deal will fall through. The cash buyer is prefunded, meaning they already have the cash they need to pay you for your house.
If you need to sell your home quickly, and you don’t want to take the time or invest the money to make repairs, a cash sale might be the best option. It’s hassle-free and there’s no cost to you. There’s also no commission or closing costs. Since the offer is no-obligation, it’s worth it to ask.
In Utah, selling a home for cash can be amazingly quick. Click here to learn more.