Home Selling Checklist: 5 Steps to Selling Your Home For Cash

Selling a house in the traditional way is something that most people dread. It usually involves finding a qualified real estate agent, going through marketing plans, finding qualified buyers, and then waiting for them to be approved for a mortgage. The whole process is a headache, to say the least.

However, over the past several years, a new type of “buyer” has been taking over the market.

Cash buyers, who often come in the form of tech companies and investors, are offering homeowners a way out of the traditional selling process. If this is something you as a seller are considering, here is a checklist you should follow.

Receive an Offer and Move Forward With that Buyer

If you’re seriously considering selling your home to a cash buyer, you’ll want to do some research and find a company or individual who feels like a good match. Do your research and get a good understanding of your home’s value. We recommend getting a free home appraisal before starting the process and then deciding if you want to make any necessary repairs or sell your home as-is.

Usually, people who choose to make repairs can get a better asking price. In most cases, though, it isn’t necessary. Choose the option that works for your budget and situation.

The Buyer Will Evaluate Your Home

After requesting an offer from a company or individual buyer, they will then go on to evaluate your home and decide how much it is worth on their end. Then, they will make a cash offer on your homes. Because of how quick and easy this process usually is, cash buyers will usually make an offer that is lower than your home’s value.

However, it isn’t always that much lower, especially if your home is in good shape. Be aware of the pros and cons of this route and only make decisions that you are fully comfortable with.

Review the Contract

When the cash buyer makes an offer, they will also send over a contract. In this step of the process, it’s very important to review the contract thoroughly from top to bottom. Most cash buying companies these days are totally legit, but it’s never a bad decision to err on the safe side.

If you’re unsure of the contract, you might even want to hire an attorney to overlook everything just to be safe. After all, selling a home is a big financial move.

Close on the House and Transfer the Title

The best part about selling your home for cash is that you don’t have to wait for a lender to approve a buyer’s mortgage. Usually, this is the most time-consuming step and oftentimes causes a lot of headaches.

With cash buyers, they can simply close on the house quickly and you can transfer the title to them.

Complete the Process

Once the title is transferred, the cash buyer will give you your payment and the process will be complete! Sometimes, there will be a few additional steps depending on the buyer, but usually, the process is simple and clear-cut.

If you’re considering selling your house and need to do so quickly, this might be the route for you!

Checklist For Selling Your Home For Cash

Provided by Wait! Read This Before You Sell Your House for Cash