If you’re considering selling your home to a cash buyer, you may be wondering what this process will look like. Selling to a cash buyer comes with a lot of great benefits, but since it isn’t the traditional selling option not everyone is familiar with it. Before you go through with your cash sale, you should take some time to understand the process.
Finding a Buyer
Your first step of course will be finding a buyer. There are many different ways you can do this. You can post your listing on certain sites and advertise that you’re looking for a cash sale. You can make connections with real estate agents and other people in this field to help you find the right buyer. One of your best options is looking for a professional home buyer. These companies buy homes as is and purchase them with cash. Working with a professional home buyer like Atlas Residential can guarantee you’ll be selling to someone who is experienced and reliable. You also won’t need to worry about them backing out of a sale. Once you find the right cash buyer, you’re ready to begin the closing process.
You and your buyer will first need to agree on a price. The length of this process can vary depending on your buyer, but often you can settle on a price within a day. This next step is where a cash sale deviates from a traditional home sale. In a traditional sale, it is often required to have your house inspected and to have an appraisal done. One of the benefits of a cash sale is these things are not required. It is up to you and the buyer whether or not you will have the house inspected and/or appraised. Overall, most aspects of the sale are between you and the buyer. You can negotiate whatever terms and conditions appeal to the both of you.
Closing on the Deal
The final step of the process is actually closing on the deal. At this point, you will need to have the title of the house secured, approved, and transferred to the buyer. If you opted for an inspection and appraisal, you need to make sure they have been done properly. Once everything is in place, you and the buyer are ready to sign the final papers and close on the deal.
Selling to a cash buyer isn’t a complicated process. In many ways it’s actually easier than a traditional home sale. Once you know what to expect, selling your home to a cash buyer will be a breeze.
Consider selling your home to Atlas Residential.