Cash home sales are faster and easier than traditional home sales for one main reason: they cut out the “middleman.” Rather than act as salespeople or marketers, like real estate agents do, cash home buyers purchase directly from the homeowner. The direct sale saves time and money.
Who Are Cash Buyers?
Cash buyers range from individuals to property investment corporations, but the most common are the small companies that specialize in buying distressed homes, rehabbing them, and reselling them. These companies are locally owned and operated, though they may be affiliated with a larger organization.
Cash home buying companies don’t offer your home for sale but instead buy directly from you. They don’t use sales agents, brokers, home inspectors, appraisers, or mortgage lenders. This results in a fast, straightforward transaction.
What Is the Sales Process?
When you’re ready to sell, contact a cash home buying company in your area. You’ll only need to provide basic information about your home, such as its size and location. The company may send a representative to meet with you and discuss your options.
Within 24 hours, you will receive a no-obligation cash offer for your home. If you accept, you can often close within a week, if you have a clear title on your property. Almost all sales close within 30 days.
How Can You Benefit from a Cash Sale?
A cash sale is an ideal solution for people who need to sell their homes quickly or don’t want to spend the money and time fixing it up and listing it on the market. Home buying companies never require you to make repairs, clean up your home, or redecorate. They’ll buy your home “as-is.”
You’ll also save money because you don’t have to pay a commission. In a traditional sale, a commission is used to compensate sales agents and brokers for their work and expenses in marketing your home. But cash home buying companies don’t do that, so they don’t have to charge commission.
A cash sale can be advantageous for many home sellers. When a cash home buying company purchases your home, you receive the full amount of the offer, with no closing costs. And, the speedy sale can relieve you of ongoing expenses and let you move forward with your life.
Need to sell your home quickly in the Spokane area? See how the Easy Homebuyer has helped your neighbors with a cash sale.