If you’ve never sold your home to a cash buyer, you might be wondering what you should expect from the process. Overall, a cash sale will be much faster than a traditional sale and there are fewer steps involved. This makes the process much more manageable and easy to follow.
Finding a Buyer
Your very first step, of course, will be finding a buyer for your home. You can certainly use the traditional method by listing your home and waiting for a buyer. It’s possible to find a cash buyer this way. However, if you want a more direct approach you can use a home buying company. These companies are well-established and experienced. They exist purely to make the selling process easier and to help sellers out of tough situations. All you need to do is get on a home buying company’s website, enter the details of your home, and wait for an offer. You can get a cash offer in just 24 hours.
Transfer Process
Once you’ve got an offer on your home, you can get to work actually transferring everything. To begin, you’ll need to hire a title and escrow company. An escrow company is a third party that will hold all the money and facilitate the sale to make sure it goes smoothly. The title company is responsible for searching up the title of your home to make sure the sale can go through. They will look for any outstanding liens on the home as well as any other potential heirs. Once everything is all clear, they will transfer the title to your buyer. As all this is taking place, you can also discuss with your buyer whether or not they want to have an inspection or appraisal done on the home as these are not required for cash sales. Without an inspection/appraisal, the transfer process takes just a couple of days.
Closing
The last step is the final closing process. At this time, you and the buyer will sign all pertinent documents and the money will be transferred to you. When you go to close, bring personal documents to verify your identity. You should also bring anything your buyer will need including the key to your home. Signing all the documents and going through the final process shouldn’t take more than just a few hours.
Most cash sales are known to take place in 30 days or less. However, there’s potential for a cash sale to be done in just a few weeks. It’s a convenient and fast option that’s ideal for anyone who needs to move on quickly.
Simple Cash Offers is prepared to make your home sale a fast, smooth process. Click here to get a cash offer.