One of the main reasons why you have chosen to do business with a cash home buyer is because you need to move out and you want cash—and fast. But how fast is fast? Continue reading to learn more about the cash buyer closing process and how fast it truly is.
What Does Closing Entail?
Closing on a deal with a cash home buyer is a relatively painless process in comparison to closing on a deal via the traditional house-selling process. After negotiating and accepting the terms with your home buyer, you will then be expected to sign any necessary documents to ensure that the sale is legally binding. After these documents have been verified, your buyer will transfer you the money and you get to walk away with a pocket full of cash (well, more like a checking account, not a pocket).
How Fast Is This Process?
Depending on the type of cash home buyer you are working with, as well as the situation and season, the closing process may take more or less time. Nevertheless, since most buyers want to purchase the home as quickly as you want to sell the home, the process usually goes pretty quick. For example, many cash home buying companies pride themselves on being able to offer you a deal within 24 hours—as well as being able to hand you that check within thirty days. Now that’s fast!
What Can Slow Things Down?
The ideal situation is that everything processes without issues in a couple of business days. Nevertheless, this isn’t always the case. Sometimes legal issues arise when a seller is not transparent with the buyer, which can majorly slow things down. Or, if there are complications with the title (i.e. a deceased person is on the title or you’re in the middle of a messy divorce), there will be additional documentation and steps—like probate, for example—that will lengthen the closing process.
So, how fast is fast when it comes to “fast for cash?” Well, it depends. Ideally, the closing process will be speedy fast, just like what your cash buyer has promised. Nevertheless, depending on the state of the property and the ease of the transaction, things may be elongated. Therefore, the more transparent and proactive you are as a seller, the easier and faster it will be.
At SOS Home Offers, we can help you solve your current home situation quickly and effectively. Click here to discover how you can take back control of your life again with our dedicated assistance!