Skip the repairs.
Skip the marketing and open house events.
If you put your home up for sale, you’ll need to prepare your home for showings and keep it clean 24/7. For busy families, or homeowners facing difficult life circumstances, this is something they don’t want to deal with. Cash buyers don’t expect homes to be in tip-top condition and routinely make offers for homes in their current condition.
Reduced risk and faster process.
A mortgage home sale may take four to seven weeks to close, whereas a cash sale may close in just a few weeks. Non-cash buyers need a loan, which means there’s a possibility they might not qualify for financing. When or if that happens, you’ll be right back where you started — searching for a buyer. That’s why you should consider selling your home for cash.
What happens during an all-cash home sale?
- Final closing instructions
- HUD-1 settlement statement
- Certificate of title
- Title deed
- Loan payoff statement
- Mechanics liens
- Bill of sale
- Statement of closing costs
- Statement of information