Most people are familiar with the traditional home sale process where they find a realtor, list their home, and wait for a buyer to make an offer. What they don’t realize is that cash sales are a wonderful alternative. They can make the home selling process much easier.
What Is a Cash Sale?
The name “cash sale” might make you think you’ll be getting a briefcase full of cash in exchange for your house, but that’s not quite how it works. A cash sale simply means the buyer has all the money for the home upfront. They won’t need to apply for a mortgage and wait to get their loan approved. This small fact greatly simplifies the process of selling your home.
In a typical sale, it’s required for a home to have an appraisal and inspection done before going through with the sale. This is so the mortgage lender can be sure of the home’s condition and determine if it’s a good investment. You don’t need to go through this process in a cash sale. Without waiting for a mortgage loan approval or any kind of inspection/appraisal, you can take weeks off a sale. Many cash sales can be completed in just a few days. In addition to being faster, cash sales are also cheaper. You don’t need to pay real estate agent commissions at the end of the process and there are also fewer closing costs overall.
There are several types of cash buyers out there. Some common individual cash buyers include house flippers. These buyers are looking to buy homes in their current conditions, fix them up, and then sell them again. You may also encounter buyers who simply have the funds to buy a home right away. If you want a reliable and easy option, you can look into home buying companies. These companies regularly purchase homes for cash and are very experienced in the field. With most companies, you can submit details about your home and get an offer in just 24 hours.
A cash sale is a great option for anyone who wants to sell their home quickly and with less of a hassle. There are plenty of buyers available that are willing to take your home off your hands. Learn more about cash sales and see if they’re the right option for you.
Grimes Home Buyers are prepared to give you an offer. Click here to explore their process.