Anyone who has gone through selling their home the traditional way knows that the whole process of closing a deal can be complex. There’s all the paperwork and the people involved, plus the amount of time spent, that it can feel like chaos at times. It’s for this reason that sellers looking to sell their home quickly choose to use a cash house buyer. It simplifies the process of selling your home, fewer individuals are involved, the amount of paperwork is lower, the time it takes to sell is quicker, and you don’t have to worry about the risk of an offer falling through at the last minute.
What is a Cash Buyer?
A cash house buyer is simply someone who buys your home outright using their own financing. A cash buyer can be an individual who has chosen not to use the assistance of a bank or mortgage to finance a home purchase or an investor in real estate. The process is simple; they go over the information about your home, make an offer, and close the deal if you accept.
There are no lenders involved, which means you can sell your home in a matter of 14 days, as opposed to 30 to 60 days when you go through an agent.
The Process of Selling to a Cash Buyer
As mentioned above, the process of selling to a cash home buyer is a lot simpler. It begins with you accepting their offer and going under contract. This is down by completing a Purchase and Sale Agreement contract.
The next step in this process is proof of funds, Cash home buyers use their own funds and you will need to see proof that the money they have for the sale is available. This is usually done by asking the seller for earnest money as well as statements from their bank or investment account.
Just as you would do when selling the traditional way, a home inspection will be needed. Most cash house buyers will buy a property as-is and deal with the repairs themselves. Once everything has been taken care of you can move on to closing the deal and selling the home.
It’s a much-simplified process and the perfect option if you are looking to sell your home quickly and with as little hassle as possible. It can also cut down the time and cost involved when selling through a real estate agent. You won’t have to worry about a sale falling through because the buyer couldn’t get the funding either. Selling can be stressful, but using a cash house buyer can help alleviate that stress for you.
If you are thinking about selling your home to a cash house buyer, give our team a call today!