Have you been considering selling your house directly to a professional cash buyer or real estate investor within your area? If so, you may have a few questions about how this process works and we’re going to help you answer some of these questions.
It’s no secret that if you’re looking for a more efficient sale option that can get you the highest possible return from minimal input, selling your house to a cash buyer is the best home sale method that you can choose. Why labour over piles of paperwork, fork out thousands of dollars in fees and repairs, then wait for months on end just to get your property sold traditional (with a real estate agent), when you can have cash in your hand and be moved out of your property by the end of the week. This is the level of ease and convenience that a cash offer from a reputable home buyer within your local area can offer you.
Be that as it may, while some people may know all about the advantages and many additional benefits that a cash buyer can afford you, they may not be as well informed on the general process of selling their properties to cash buyers, as well as how it works. Below, we are going to provide you with a brief guide that will walk you through the full process of selling your property to a professional home buyer for cash, as well as providing you with a few tips that will help you carry out a successful deal. We’ll do this by focusing on the points below:
- How to Find Trusted Cash Buyers
- How to secure your cash offer and what to do with it
- How to interact with a Cash Buying company
- How to handle closing and finalizing contracts
So, without further ague, let’s get started…
Step 1: Find a trusted cash buyer and reach out to them
The very first thing that you’ll need to do, if you’d like to sell your house to a cash buyer and enjoy all of the benefits associated with such an action, is to find a reputable cash buyer within your local area and reach out to them. And this really won’t be as difficult as you might think.
Simply open your browser and search, “Sell my house fast in (local area)”with your local city and state, then browse through the first few websites that you come up on page one. For example, if you’re living in Minneapolis city then you can search for – Sell my house in Minneapolis or We buy houses in Minneapolis.
Sure, this may initially feel like a lazy method. However, it’s one of the best options you can use to find trusted cash buyers, and here is why: only the most well established and reputable cash buyers will be able to rank well on search engine platforms like google.
Search engines function on algorithms that assess websites credibility and rank them accordingly. As such, you’ll find that only the most well established and professional cash buyers will be able to rank highly (on the first and second spots) for key words such as “Cash buyers in (local area)” and “We buy houses in (local area)”. These sites would have been accessed and labelled trust worthy by googles bots, so you’ll be quite safe if you decide to reach out to their companies and pursue a deal.
But can’t you do more…
Be that as it may, it’s also important to go a little further and do your due diligence by previewing a cash buyer site’s “about us” page and looking through their social media. If the company is represented by people who are comfortable with show you their faces and telling you about themselves, then you’ll likely be dealing with people that you can trust.
Step 2: Submit your details and Get your Cash Offer
Next up, you should take the time to submit your name and property details to the cash buyer through their website. This can usually be done by filling out one of the short forms that you’ll typically find at the very top of their home page, or by calling their company phone number and speaking to one of their representatives. Once this is done, your cash buyer will then be able to do some research on your property and create a fair offer that’s unique to both your home and your situation. In this case, it’s certainly true when people say that with a cash buyer, you can have your home sold within the click of a button.
They’ll then get back to you with said offer and provide you with the option to either accept it and proceed to closing, or walk away with no obligations.
Step 3: Prepare for closing then sign on the dotted line
If you do decide to accept your cash buyers offer and finalize the deal, you’ll be able to step into the final stages of the home sale process. And in this stage, you’ll be able to walk away with cash in your hands within just a few days.
The very first thing that you should do when prepping for a closing with a cash buyer is to consult your schedule and find a date and time that’s convenient for you to meet up with them, sign over your deed, then accept your cash offer and walk away from your home scot free. Once you’ve found the ideal closing date, contact your cash buyer and inform them of your decision. They will then inform you of where the closing will take place and provide you with an address, as well as any other pertinent additional details.
And, just like that. You’ll be able to show up at closing with your property ownership documents, sign the purchase agreement contracts, and then collect your money all in cash in just a few days. Great right!
So there you have it. Here is a rundown of the process of selling your home to a cash buyer, and what you’ll have to do as the home owner. It’s quite a simple process, which is one of the main reasons why many people turn to it when they need a quick and easy sale.
