One of the primary reasons why people like to sell their homes to home buying companies is that the process is so much faster than a traditional home sale. Not only is the entire experience faster—from contacting the company to getting your cash—but the closing process is also a lot faster. If you are considering working with a home buying company, here is what you can expect during the closing process.
The Title Company
Once you have accepted the cash offer from your home buying company, the company will then finalize the remaining details in order to close on the home. A key partner during the closing process will be the title company. But don’t worry about having to find a title company to work with—your home buying company will already have a reputable company that they work with on a regular basis. The title company will ensure that the sale is legitimate, as well as make sure both the buyer and seller are protected.
In a traditional home sale, the seller often has to pay certain closing costs and fees. Some of these costs could include agent commissions, title insurance, and unpaid property taxes. On the other hand, when selling to a home buying company, the company usually agrees to pay all of the closing costs. That way, you don’t have to worry about forking out hundreds of dollars towards commissions or extra fees.
When you and the buyer are ready to finalize the deal, there will still be some paperwork to review and sign; granted, the paperwork is far less compared to a traditional sale. In most cases, you can expect spending no more than an hour or two on reviewing and finalizing paperwork for the cash sale. Once the paperwork is signed, you will get to walk away with your cash.
Without all the hassle of selling a home the traditional way, you are left with more time to pack and plan your next move. Given that your home buying company will do all the work, there isn’t much to worry about on your part. Nevertheless, since every company is different, make sure you communicate with your home buying company to ensure that you know exactly what to expect during the closing process. Need to sell your home really quickly? Click here to learn more about how SOS Home Offers can get you a fair, no-obligations cash offer on your home within 24 hours!