Regardless of your location, the process of selling to a cash home buyer is essentially the same. It usually starts with a phone call from the buyer asking for basic information about the home. Then they’ll do a little more research into the area to come up with an offer price.
Again, the buyer will call you, this time to give you an estimate of what they can pay for your home; if you’re happy with it, they will schedule a visit. Once the visit is done, you can schedule the closing at an attorney’s office for the protection of both sides’ interests.
So what advantages do you have when you sell your home to a cash buyer?
No Fees
Selling your property to a cash buyer eliminates closing and realtor fees that traditional sales require. Hence, all the proceeds from the sale will go to your bank account!
Speedy Transaction
Another benefit of selling to a cash home buyer is the transaction proceeding much faster than a traditional sale. There’s no waiting around for people to take an interest and no stalling by banks or lenders in approving loans for potential buyers. The moment you and the cash buyer agree on a price, and granted that the sale is legally clean, you can get paid in as short as three days.
Sure Sale
Dealing with a “buyer” who cancels at the last minute can be nerve-wracking. Sometimes, it’s because the bank disapproved their loan application, or other times, they just lose interest in buying your home. With a reputable cash home buyer, these scenarios are totally out of the picture.
No Renovations
One of the best things about selling to a cash buyer is that you don’t have to spend money to prepare your house for the sale, such as by cleaning it or doing repairs. These buyers will buy your home exactly as it is, and they mean it. They are not fazed by damages or even a looming foreclosure, or any other factor that could make a conventional house sale almost impossible. If you’d rather not spend time nor cash before a sale, then selling your house for cash is undeniably your best bet.
It should be obvious by now that the process of selling a home to a cash buyer is a lot more straightforward and efficient compared to the traditional route. This is why this option appeals to a lot of people, especially those who are in a hurry in selling their property.