22 Feb Can You Sell Your House for Cash?
The short answer is yes.
When selling a house, you are faced with many options. You can decide to use a realtor, real estate agent, through auction, an iBuyer, sell to a property investor or sell it yourself for cash. Selling your house for cash is faster, and you get your money within a few days.
The cash home buyers do not need financing, so they close on the purchase very fast.
There are numerous reasons which can prompt you to sell your house for cash. These can be job transfers, family emergencies, divorce, foreclosure, and any other difficult situation. You may sell your house for cash when your house is not mortgageable and when you want to avoid long-selling chains.
Regardless of the reason for selling your house for cash, you should know how to go about it to avoid being ripped off.
Here are tips to consider when selling your house for cash.
Things You Need To Know Before Selling Your House For Cash
Understand Your Home’s Value
Knowing your home’s value will help you know the amount of cash offer to accept from a cash buying company. You can check out sites like realtor.com, Zillow, Redfin, Trulia, and ForSaleByOner.com, for a quick breakdown of your home’s value.
These sites will give you different values for what your home is worth. These values will give you an idea of the range of cash offers to accept from a home buyer. Most of the house buying companies will give you the lowest spectrum of that range because they buy “as-is.”
What Does As-Is Mean
When selling your house for cash, most buyers will buy it as-is. This means you will not need to repaint it, get a new carpet, fix plumbing, or any wiring issues. You just need to show them the house, and the negotiations start.
It doesn’t matter if it’s your grandfather’s house in which he has lived for 60 years, and you have just inherited it. Cash Buyers Network LLC will take of it. Call us on 15615236982, and we will buy the house as soon as you want us to.
You Will Not Lose Your Money
Contrary to what other people in the house buying business will tell you, you will not lose out on the money. You are most likely to make as much money as you would, using a real estate agent. All you need to do is know where all the money is going.
Selling your house for cash means that you don’t keep paying your mortgage since the transaction is fast. You avoid all the repairs, replacements, maintenance, and curb appeal you could have done on the house. You also avoid the closing fees, hidden costs, agents’ fees, which could end up costing you more.
Sell When You Can Trust the Company
Trust is key when selling your house for cash. Sell your house to a trusted company that has been in the industry for some time. Check for online reviews to know what their previous customers are saying. Look for accreditation by a reputable body. You can check out these accreditations from any government office.
Benefits of Selling A House for Cash
Selling your house for cash has many benefits. These are:
You Get Offers Fast
Cash buyers move in fast to give you an offer. Most of them take less than a week to close on a sale, and you will have your money.
You Don’t Have to Repair the House
The biggest advantage of selling your house for cash is that you don’t have to make repairs, changes, or any updates to your house. You sell it as it is. It doesn’t matter if your house needs a new roof, mold removal, new tiles, landscaping, or new kitchen appliances.
Selling your house for cash means you move quickly the time-consuming hassle needed to make the house better. Let the buyer worry about these.
Selling a house can cause emotional baggage and a lot of stress to the seller. Home cash buyers help you skip the realtor, avoid costly and time-consuming repairs, and handle the real estate market’s ups and downs.
You will get your cash and move on to the next chapter of your life without much hassle.
The Steps of Selling A House for Cash
Do these benefits encourage you to sell your house? If so, follow these easy steps to help you cash in on your house in no time.
Find A Buyer and Contact Them
When selling your house for cash, the first step is to look for a buyer. The easiest way is to conduct online research. You will get a majority of them who have an online presence. You can also opt to work with a wholesaler.
A wholesaler will match home sellers with buyers. They will value your property, calculate the cost or repair and market your house to their buyers’ list. Ensure that the buyer that you choose is licensed to work in your area.
Reach out to the buyers you’ve chosen and give them details of your house. This information may include your address and the condition of your house. They should get back to you to schedule an inspection.
Receive an Offer for Your House
Once the home cash buyer has inspected your house, they should give you a fair no-obligation offer and give you time to consider it.
Look at comparable houses sold recently in your area to evaluate this offer. Ensure that they have a similar finish level and size. Once you are satisfied with the cash offer, accept it.
- Prepare and Sign the Contract
The buyer prepares the contract after you accept the cash offer. This contract includes the purchase price, deposit amount, and closing date. You can sign the contract to accept it or involve an attorney to review the terms.
Check if there are any unique requirements like buyer’s application or lien search, which can take up to 30 days.
End the sale
Closing the sale is faster and more flexible when selling your house for cash. It will be held at the buying company, and you will sign documents such as title deed and settlement statement.
Are You Ready to Sell Your House for Cash?
There are numerous benefits of selling your house for cash. At Cash Buyers Network LLC, we guarantee you the fairest prices for your house. Call us now on 15615236982 for the quickest deals.