Selling a Home for Cash: What Does the Process Look Like?

Are you interested in selling your home for cash? Then be prepared to go through a slightly different process than you are used to if you have previously sold a home via the traditional method. Fortunately for you, the process tends to be much less complicated and much faster. Here are the basic steps when it comes to selling for cash-only.

Find a Buyer

While this seems like an obvious step, it can be the most challenging one. Fortunately, there are a lot of different options when it comes to cash buyers. If you list your home online, you may be able to find an independent buyer—someone who has sufficient money from a recent house sale to pay for a new home with cash. Or, if you don’t want to go through the hassle of finding an independent buyer, there are investors and home buying companies that are often willing to buy for cash as-is.

Negotiate an Offer

In many cases, the buyer will send a professional to assess the value of your home. Then, they will extend you a cash offer, no obligations. By that point, you are free as the seller to either accept their offer or decline it. If you aren’t happy with their offer, shop around by asking various home buying companies and private investors for their best offers. Nevertheless, do realize that, by selling as-is for cash, you probably won’t be able to sell your home at its highest value price.

Close the Deal

Once you have accepted an offer, you are ready to go through the closing process. As part of this process, you and the buyer may negotiate closing costs. Furthermore, there will be documents to review and sign. In all, the closing process usually takes no longer than a couple of hours unless there are unique requirements or legal complications.

On average, the entire house-selling process in a cash-only sale takes only two to three weeks. This process can be elongated, however, if you as the seller aren’t willing to disclose important information, or if there are legal issues surrounding the property. Therefore, make sure that you get any legal complications sorted out ahead of time so that the process can run as smoothly and quickly as possible.

Looking to get cash in your hands in a matter of weeks—or even days? Click here to learn more about the for-cash home selling process and how SOS Home Offers can help you today! 

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