If you have heard about selling to a cash buyer, you probably know that you can sell a home to them in less than thirty days. But what exactly will that timeline look like? How is this possible? Knowing the logistics can help you better plan for this process.
Dependent on Your Schedule
Ultimately, the timeline for selling your home to a cash buyer will be dependent on your schedule. Legitimate cash buyers have a lot of money, so they will never push back the closing date because they don’t yet have the money or are trying to lowball you. Instead, the timeline will depend on when you are trying to sell your home and how receptive you are to communication and negotiations. The faster you want to sell and negotiate with a buyer, the faster you will get money for your house.
Fastest Way to Sell
Even with the limitations of your schedule, selling to a cash buyer is still the fastest way to sell your home. This is because it isn’t so affected by the actions or schedules of others like buyers backing out or being unwilling to commit.
Fast Closing Process
Once selling conditions and a price have been agreed upon by you and the cash buyer, you immediately start the closing process. First, both parties will need to sign a written agreement outlining all the terms and conditions of the deal. Then, the seller will provide you with the full amount promised, in cash. You will transfer ownership of your home to the seller in the conditions that were promised.
Before you start working with a cash buyer, you should have a tentative timeline of when you want the house to be sold. Then, in conversations with the buyer, you can let them know of your timeline and assess whether they will be able to work with your timeline. Because you will be getting the money so quickly, you should also plan what you will do with it beforehand. You may have necessary medical, property, educational, or other expenses that you are hoping to pay off. You can also use this money to put into investments or savings. Knowing how you will use the money can help you be more financially responsible.
To find out how quickly you can sell your home for cash and what a more concrete timeline will look like, reach out to Midwest Homebuyers here today.