There are a lot of options when it comes to selling your home. A cash sale can provide you with an easier process and a faster sale. Before you sell, it’s helpful to understand more about the process of a cash home sale.
Finding a Cash Buyer
Your first step will be actually finding a buyer. There are a variety of cash buyers you’ll encounter. Individual buyers are quite common and include people like house flippers. These individuals will purchase homes as-is so they can fix them up themselves and sell them for a profit. In addition to individual buyers, you’ll also encounter home buying companies. These companies routinely purchase homes of any kind. They purchase homes in disrepair, homes facing foreclosure, homes in probate, and more. Home buying companies provide sellers with a fast sale that can help them get out of a tough situation. To sell to a home buying company, you simply need to enter your information on their website and receive a cash offer.
Hiring Title and Escrow Companies
Once you have a cash buyer, you can get started on the actual home selling process. First, you’ll need to hire title and escrow companies. The title company will review the title of your home and perform a title search. This search will look for any liens on the home or anything else standing in the way of the sale. Once the search is cleared, the title is transferred to the buyer. The escrow company is an unbiased third party that will facilitate the sale. Throughout the process, they will hold all the money involved in the sale and they will collect all the important documents.
Closing
Your last step is closing on the sale. This will usually take just a few hours to complete. During closing, you and the buyer will sign all the official paperwork. The money for the sale will also be officially transferred to you and you and the buyer will also pay closing costs. Fortunately, you won’t have to worry about any real estate agent commissions since realtors usually aren’t involved in cash sales. If you sell to a home buying company, you also may not have to pay much else. Many home buying companies will actually cover the closing costs of the seller.
Selling your home to a cash buyer is a very simple and straightforward process. It’s made even easier when you sell to an experienced buyer. A home buying company can offer you a much better experience.
Joe Home Buyer is prepared to give you a no-obligation cash offer on your home in just 24 hours. Click here to learn more and get your offer.