The commission you pay to a real estate agent is 5-6% of your property’s total value. Besides these fees, you’ll incur other additional charges, such as renovation costs. Why not sell your house for cash and save yourself the frustration?
Traditional home selling is complex for both new and seasoned sellers. The number of parties involved, from the real estate agents to the attorneys, can be overwhelming. With a cash offer, the parties involved reduce, the process simplifies, and the timelines are encouraging.
If you want to sell houses for cash, you’re lucky. This guide will teach you how to sell your home for cash quickly.
While you might want to sell your house fast, never overlook research. It is advisable to research the market within your neighborhood to compare house prices. You’ll get an idea of how to go about the cash-sale negotiations.
Fortunately, there are several sites where you can find comps. Compare your home to other houses with the same size, amenities, conditions, and age.
A cash buyer doesn’t buy your house based on the market comp price. Yet this information will guide you in finding a cash buyer who’s within range.
When checking the house prices, it would also help to compare the costs involved in selling a house through an agent and cash selling. The former has several costs that you need to know before engaging. For cash-selling, you don’t have to worry about hidden charges.
Find Reliable Cash Buyers
Selling a house is a major move, and trial and error shouldn’t be an option. You have to research widely to get reliable cash buyers. The last thing you want is to deal with fraudsters, who are, unfortunately, quite numerous.
You can start your search online for a variety of options. Craigslist and Google will give you relevant results based on your location. Friends and family can also provide referrals for reliable cash house buyers.
It would be best to ask more about your identified home buyers to establish their experience, skills, and terms of operation. Inquire if the cash buyer has bought homes within your neighborhood. Seek more information about the process to avoid getting in a deal that won’t favor you.
You need to be on the same page as your home’s cash buyer. Agree on the sales term to avoid conflicts once the deal is closed. The negotiations should consider the sale price, closing costs, and contingencies of sale, if any.
With the complexity involved in house selling, it is crucial to follow some guidelines. Check on the to-dos before selling your house in Memphis. Some of the tips can be helpful when selling your house for cash.
Research thoroughly on how to sell houses for cash to be well conversant during the negotiation process. Unlike using a realtor where the agent makes all the negotiation, your direct involvement in a cash sale is indispensable. The right information will give you an advantage during the process.
Verify Proof of Funds
One of the worries when selling your house for cash is the buyer’s ability to settle the amount. You’d be worried that they will start talking to you in circles. Worse still, you’ll be concerned about going through the whole negotiation process with a buyer who won’t close the deal.
Fortunately, you can request proof of funds to help you rest easy. Your buyer can get the proof of funds letter from the bank. With the documents, you’ll be confident that the buyer will not frustrate you when it’s time to transfer cash.
A buyer will typically request your address for market analysis. Based on the current value, the buyer makes an offer, although it can change after an actual visit of the property on sale. You can negotiate the price, as the offer is not always fixed.
Home remodeling returns for an average home is at 63.7% as per a 2020 survey. You might want to have some upgrades or repairs to increase the value of your home. A fresh coat of paint can make such a huge difference!
However, making repairs shouldn’t be much of a worry, as most cash buyers will purchase the house as it is. With the right choice of a cash buyer, you’ll get a fair amount and save you the pressure of repairs.
Review the Documents and Sign the Contract
When you sell houses for cash, the paperwork won’t be as overwhelming as the traditional home selling. Yet you need to read all the documents before pegging your signature. Some of the documents you’ll encounter include the closing instructions, settlement statement, bill of sale, a title deed, and statement of information, among others.
On your end, you’ll need to provide the deed, ID, a certified check for other outstanding charges, and items such as house keys, door remotes, or codes. If you’re comfortable with the offer, you can sign all the closing documents to transfer it to the buyer.
So, do I need a realtor to sell my house? You don’t. With the right information, you can get a cash buyer, an approach that’s going to simplify the sale process.
Receive the Payment
After closing the deal, you’ll get money in your account within days. You’ll receive your cash through a check, wire transfer, or direct deposit. The process is quite straightforward.
If you’re hoping to close the deal quickly, cash buyers with private money are ideal. You won’t have to deal with delays commonly found when buyers are getting a loan for the home. In less than 10 days, you can be smiling all the way to the bank.
You Can Sell Houses for Cash to Save Time
Traditional house selling through a real estate agent can take weeks or even months. You can sell houses for cash for a quick deal. Selling your home for money means that you connect with the buyer without the involvement of an agent.
If you want to sell your house fast, WeBuyHouses.com is your ideal partner for cash buying. Contact us today for a fair price for your home.