Selling your home to a cash buyer is an alternative method to selling your home that allows you to sell directly to a single buyer or a cash home buying company. This allows you to avoid time on the market. Additionally, selling to a cash buyer helps you avoid long closing process times since the closing process with a cash buyer is so simple.
Evaluation of the Home
Before any of the actual closing process begins, a cash buyer will first evaluate your home. Cash buyers typically have a checklist of criteria that a property must meet before they consider buying it. This is because cash buyers usually don’t keep a house for themselves; they usually try to resell the property soon after purchasing it. Usually only a few days or very soon after evaluating your home, a cash buyer will let you know if they would like to purchase it.
Offers and Negotiations
Once a cash buyer has completed an evaluation and knows they want to buy your home, they provide an offer price. This offer is based on their evaluation of the home and should be a fair value given the conditions of the home and property. If you have any questions about the offer price or don’t believe it is a fair price, you can communicate that with the buyer and negotiate a different price. During this part of the selling process, you can also talk about other negotiations with the buyer including things like possibly selling your home as-is.
Close Within Weeks
At the end of the negotiation process, both you and the cash buyer will have reached an agreement on a selling price and other conditions for selling. Once all of this has been agreed upon, the rest of the closing process is incredibly simple. Basically, all that needs to be done is the actual transaction of the house and the money. The complete transaction can typically be done within a matter of weeks.
The closing process when selling to a cash buyer is much more straightforward and transparent than when you sell your home using traditional methods. With any significant transactions, especially when selling something as valuable as your home, you want to understand what’s going on. When selling to a cash buyer, it is easy to know what’s happening at every step of the process and to get a great value for your home.
To learn more about how easy the process is when selling to a cash buyer, reach out to Taggart Property here today.
