In the current housing market, the process of preparing your house for sale, listing it and going through the closing process can sound like a daunting task. Selling your home for cash may begin to sound more and more appealing.
Selling your house for cash has numerous advantages. It’s often faster and more efficient than dealing with financing contingencies often involved with traditional sales methods. Not only that, but you can save money on realtor commissions, inspections, repairs and closing costs. Learn the best ways to sell your house for cash while saving time and money.
How Can You Sell Your House for Cash?
Do you ever wonder who puts up the signs that say “we pay cash for houses” or “we will buy your home today?” Often, these signs are displayed by house-flipping companies. They purchase homes that are run-down or outdated and renovate them to sell at a higher price point. However, these are not the only ways to sell your home for cash.
As a homeowner, there may be many different reasons you’re considering selling your home for cash. Maybe you don’t want the hassle of selling, you want to sell fast, or you’re experiencing some financial difficulties and need cash flow. In any of these instances, selling for cash can be a viable option.
Selling your house for cash means that the cash buyer is planning to pay the full price of the house at the close of the purchase. While a “for-cash offer” might sound like the buyer is going to show up with stacks of cash, it’s actually illegal to pay for a house all in cash. Typically, “cash” payments come in the form of a bank transfer or a cashier’s check.
When selling property for cash, you don’t have to worry about whether the buyer can secure financing. Cash buyers come in many different shapes and sizes, and to determine the best way to get fast home cash offers, you should know who buys houses for cash. Understanding the sales market and types of potential buyers will help you get the best deal you can. From individual buyers to home buying companies, there are reasons you may want to sell to one over the other.
Sell to Individual Buyers
Individual buyers are people who intend to live in the house. Buyers may choose a cash sale to avoid paying interest on a loan or make their offer more appealing to sellers. Cash buying is also faster and comes with fewer contingencies than the traditional sales process.
The timeline for selling for cash is much quicker than selling to an individual that needs financing. While the process still includes an offer, acceptance and inspection, your timeline is not at the mercy of a mortgage broker. Once the house is under contract, a cash sale can close in as little as a few weeks.
If you’re looking for a slightly quicker sale and your house is in good condition, selling to an individual buyer is a possible option.
Sell to Real Estate Investors
Real estate investors are buyers who plan to use the property for income rather than live in the home. Investors often flip houses, rent them out or renovate them for other uses. Real estate investors buy houses for cash to speed up the sales process and increase their cash flow. Paying cash rather than securing a mortgage gives the investor more control over the property, keeps costs lower and minimizes debt.
Investors will commonly buy homes as they are. Whether your home is in extremely poor condition or it’s as perfect as can be, investors are an option. Working with an investor is typically easy and relatively quick. The complete process could be done in a handful of weeks.
However, there are a few things to consider before working with an investor. Since investors purchase your home as-is, you won’t receive the full value for your home. Additionally, the real estate investment market has few licensing requirements, which means many scammers could try to take advantage of you.
So, what does it look like to sell your house to a real estate investor? You request an offer from an investor, receive a cash offer and accept or decline the offer. Once you’ve landed on a cash price, the closing process begins.
Sell to a Home Buying Company
Home buying companies purchase houses and properties that others, including many real estate investors, won’t buy. These companies typically offer cash for homes and don’t require repairs, time-consuming showings or other hassles associated with buying and selling a house. Home buying companies allow you to sell your property quickly and easily, even in potentially difficult circumstances.
Why should you consider selling your home to a house buying company? There are many reasons people choose to sell to a home buying company. Maybe your house isn’t market-ready, or you don’t want to deal with the traditional home selling process. Either way, the process for selling your house for cash to a home buying company can be even faster than working with a real estate investor.
Typically, the process follows four easy steps:
- Request a cash offer for your house
- Receive an in-home walk-through
- Get a cash offer on the spot or within 24 hours
- Close in as little as seven days or when you’re ready to move out
House buying companies make it easy for you. They’ll purchase your home in its current condition, typically calculating your cash offer by determining the average value minus any needed repair costs. You won’t need to worry about any commissions or supplemental fees usually associated with the typical home selling process.
In general, selling to a house buying company is a quick way to get cash for your home while assuming little risk.
What Is the Fastest Way to Sell a House for Cash?
Selling to a home buying company is one of the fastest ways to get cash offers on your home. Companies like HomeGo let you stay in control of your property sale, so you don’t need to hire a real estate agent or take risks associated with the for-sale-by-owner (FSBO) process. You won’t waste your money on repairs or spend time on the market when you sell to a home buying company.
HomeGo will buy any house. Our process is simple and straightforward. All you need to do is contact us online, schedule an in-person walk-through and get a same-day cash offer, no obligation. No need to worry about repairs, showings, drawn-out negotiations, closing costs or any supplemental fees. When you work with HomeGo, the sales process can take as little as seven days! We’ll move at the speed you’re comfortable with to make sure you get a fair deal.
Fast Home Cash Offers From HomeGo
If you want to sell your home for cash, HomeGo is the buyer for you. Working with HomeGo allows for a faster and more convenient sale than putting your house on the market. Contact us online to schedule a walk-through and get a cash offer today.