When you need to sell your house in a hurry, whatever the reason, you may be considering selling to a cash buyer. While individual circumstances vary, a cash sale is probably the fastest way to sell property. In fact, it’s entirely possible you can walk away with cash for your house within a week.
The Process
To complete a cash sale, you first contact the cash buying company with your contact information and the basic facts about your house, such as its address and size. You can do this by phone or by filling out an online form.
The company may send someone to your home to view the property. This isn’t a formal home inspection or property assessment; the person visiting you will just verify the information you provided. This can happen very quickly; in almost all cases, you will have a cash offer within 24 hours, or two days at the most.
The Offer
The cash offer is based on the location of the house, the neighborhood, the condition of your home, and other factors. Once you have received the offer, the next move is yours. Since the offer is no obligation, you can take your time deciding. No one will pressure you or give you deadlines.
If you decide to accept the offer, you’ll just need to set a closing date, often within 7 days. If that’s too soon for you, you can schedule a time at your convenience. Since the cash buyer is self-funded, you don’t have to wait for the buyer to get financing.
The Closing
The closing of a cash sale is fast. The cash buyer will draw up the closing documents and arrange a time and place. Since there are no inspections, there won’t be any last-minute renegotiations on the price or other details. You will receive the amount of money you were originally offered. Even better, there’s no commission or closing costs deducted from it.
From start to finish, the process of selling your house to a cash buyer can take as little as 7 days. When a quick home sale is necessary for financial reasons, or you just want to get rid of a house you don’t need, a cash sale is very likely your fastest option.
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