Steps to Selling a House to a Cash Investor-Buyer
So you’ve finally decided to sell your house to a cash buyer, and now you’re searching tips on how to go about the process. This is actually the best option you’ve got if you want to keep the transaction as efficient as possible.
First and foremost, here are the best things you can expect when you sell your house to a cash buyer:
> It’s faster than selling in the open market or through a realtor.
> Loan or mortgage-related delays can be totally avoided.
> You can just sit back and let the buyer handle almost everything, if not everything, required in a real estate sale transaction, such as inspections, taxes, etc.
> Deals can close in as short as 48 hours, provided both parties have agreed on a price and there are no legal impediments.
> You need not spend money on repairs or renovation as investors buy properties “as is.”
> You pay no agent commissions, and most, if not all, of the costs of selling your house will be shouldered by the cash buyer.
Steps to Selling Your House to a Cash Buyer
The first step of the process is naturally finding an investor willing to buy your property. Remember that there will be a lot of them out there, individuals and companies alike, and that they will not be all the same. Therefore, be careful with your choice, which means you have to do a little homework. You can search for investors online or ask people around you for referrals. Then research the background of each prospect you have, focusing on their background in the business, their reputation, etc.
Once you’ve done your research, you should be able to narrow down your choices to about two or three. You should consider more than one option so you can make helpful comparisons before actually deciding on somebody.
Now you’re ready to call each investor and ask them about their services. For example, do they offer free valuations? Are they going to cover the legal fees?
When you have settled this issue, you can move further into the valuation procedure. This is where the investor will tell you the amount for which they are willing to buy your property. Certainly, you need to do some research on current market trends in your area, so you can better decide whether the offer is fair enough to you.
Once you have agreed on an amount, you can ask them to give you a timetable as to the process. Finally, assuming this is your first time to sell a house to a cash buyer, you should as well find out what level of support they can provide.