05 May How a Cash Home Sale Works

Selling a home can be a hassle. It can cost you money to make repairs and fix it up for public showings, and you can wait weeks before getting a good offer. That’s why a lot of people are deciding to sell their homes to a cash buyer. Here’s how it works.

Finding a Buyer

Cash buying companies are becoming more prevalent, but you should find a company that you feel comfortable doing business with. Search the web for a buyer in your area, and then check it out thoroughly by examining the website and reading reviews.  Search the Better Business Bureau for the business profile.

If you have any questions, call the buyer and ask. A short conversation should give you the information you need. Once you’ve found a cash buyer, you’ll be ready to take the next stp.

Getting the Offer

To get a cash offer for your home, you just tell basic information about your home to the cash buyer. You’ll provide the location of the property, number of bedrooms, and other general details. The cash buyer may ask to visit your home, but no formal property inspection or assessment is required. 

In almost every case, you can have a cash offer for your home within 24 hours. The offer is no obligation, so you can choose to accept it or decline. If you accept, you’ll be ready for the closing.

Closing

The closing can take place within a week or two after you receive the offer. The cash buyer will make all arrangements, and you will not be charged commission, closing costs, or any other fees. At the closing, you’ll sign papers transferring the deed and receive the full amount of the offer.

Since the cash buyer is prefunded, you don’t have to worry about the deal falling through because of lack of financing. You can ask to see proof of funds, which is a document from their bank stating they have the cash on hand to purchase the property. 

Selling a home to a cash buyer can be a good choice for people who need to sell in a hurry or don’t want to (or can’t) make repairs on the house before moving out. Cash buyers will buy your home “as is” and with no extra costs to you.

Want to sell your Arizona home? Click here to find a cash buyer.