One of the greatest benefits of selling your home for cash is how quick the process is. This is especially useful if you need to move suddenly because of various life circumstances. Knowing exactly how long each part of the home-selling process when working with a cash buyer will be is very helpful when planning out logistics and your move in general.
Inspection of Home
A cash buying company will first complete an inspection of your home before coming up with an offer price and agreeing to buy from you. During inspection, potential cash buyers are assessing the property for costly damage, overall structure and state of the home, and any other factors that are important to consider (like remaining problematic tenants or unpaid debt on the house). Based on their assessment, they decide if your home meets their criteria. If it is a property they would consider purchasing, they will move forward with an offer that reflects the true value of your home completely as-is.
Agreeing on an Offer Price
When presented with an offer, you don’t have to immediately accept. Take time to thoughtfully consider the offer and consult with the buyer about why that is the amount they offered. Legitimate cash buyers will be willing to talk openly about the value of your home and their assessment of it. Once both parties feel settled and comfortable with the offer price, the offer can be signed off on.
Sale Transaction
Things are quite simple after the price is agreed on. You, the buyer, will receive the amount agreed on in full in a matter of days or weeks. When you work with a reputable cash buyer, you don’t have to worry about not getting paid the right amount or not receiving payment at all. The home then belongs to the cash buyer. Any decisions about remaining problematic tenants or extensive damage are then handed over to the cash buyer.
Selling your home for cash is incredibly quick and easy. Another benefit of the timeline when selling your home for cash is that it is all up to you. Depending on what works best for you and your moving schedule, you can determine how fast or slow the entire process is.
To find out how soon you can have cash for your own home, reach out to Midwest Homebuyers here today.