How Fast Can You Close on a Cash Sale?

You’ve heard that selling your house for cash is fast, but how fast? In many cases, you can have cash in hand within just a week of your decision to sell. This may seem too good to be true, but it’s actually quite typical because a cash sale is streamlined and straightforward. 

What Do You Have to Do to Prepare?

To prepare for selling your house to a cash buyer, you have no responsibilities. You don’t have to do anything but contact the cash buyer with the address of your home and basic information about it. There are no preliminary contracts to sign or fees to pay.

It’s also not necessary to clean or fix up your house. The cash buyer may send someone to see your house, but it’s not a formal inspection. They don’t care if your house is messy or needs repairs.

How Long Do You Wait for an Offer?

In almost all cases, you will receive a cash offer for your home within 24 hours. The offer will be based on factors such as the neighborhood, the market, and the general features and condition of your property. It’s a no-obligation offer, meaning you are free to accept it or walk away.

Since cash buyers purchase homes to fix up and resell, you can expect the offer will be below market value. However, think about the expenses you could have to pay while waiting the months for an offer in a traditional sale. There’s also no commission or fees deducted.

How Quickly Can You Set Up the Closing?

After accepting the offer, you can set up the closing whenever it’s convenient for you. Since there are no inspections or assessments, and since the buyer doesn’t need to get financing, there’s no reason to wait. 

The buyer will prepare the closing documents through a reputable title company. You sign the papers, hand over the keys, and get the cash. In many cases, this can happen within 7 days of getting the offer. 

When you want a quick sale of your house, selling to a cash buyer is the fastest way to go. You can walk away with cash for your house within a week and get on to the next chapter in your life. 

Do you need a quick cash sale in the Augusta area? Click here to get started.

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