This Is How You Sell Your House Fast For Cash
Learn How to Sell to a Cash Home Buyer and Avoid Costly Mistakes in the Process!
This comprehensive guide is for people looking to sell their house quickly, sell for cash, sell without making repairs and all the while getting a great price. Are you ready?
Introduction: I need to sell my house fast for cash!
How to Sell Your House Fast for Cash
How quick can a cash buyer close on my house?
How to negotiate the deal and get a great cash price
PROS & CONS of selling your house for quick cash
What does it cost to sell my proprety to a real estate investor
Introduction: I need to sell my house fast for cash!
If you need to sell your house fast for cash you must understand who you will be dealing with.
Professional Real Estate Investors – some of whom will be legit and some, not so much.
To ensure you work with a legitimate cash buyer near you there are a couple things you need to do.
Research Online for the Best Companies that Buy Houses for Cash Near You.
To find a company you can trust get on your favourite search engine and search topics like:
- Best cash house buyer near me
- How to sell my house for cash to a legitimate buyer?
- Who will pay me cash for my house?
This is just a small list of examples you can start with.
Look for companies that have reviews
Look for businesses that have reviews, and read them!
Not all reviews are created equal. Generally speaking real reviews will be longer and this is why.
Real people that actually had a great experience will be willing to write about it in detail. The seller will feel a connection with the buyer and will want other potential sellers to know about the company they used.
Make sure the reviews are not all in one place.
There are many places for customers to review real estate investors these days.
I like to see reviews across multiple platforms because it shows the company has a strong online presence and reputation that they need to protect.
And the only way they can protect it is by giving you a great service.
Now you have a short list of the top cash home buyers in your area.
Selling your house is a big deal. So it’s very important that you work with a great company. If you spend some time upfront to find a great option to sell your house to will be well on your way to a successful cash sale.
There Are Many Reasons for Needing a Fast Cash Sale of Your House
There are many different reasons someone needs to get rid of a house fast. AND the best cash buying companies will be able to accommodate you no matter what the situation:
- Selling to stop foreclosure
- Selling a rental with or without tenants
- Selling Inherited Property
- Behind on mortgage or loan payments
These are just a few. Make sure you explain the reason you need to sell in a hurry so the buyer can give you the best options such as:
- You need to close on a specific date
- Rent back the property after you sell it
- You want to avoid paying property taxes
How to Sell Your House Fast for Cash
If you need to sell your house fast for cash this chapter will take you through each step of the way.
Chapter 1 introduced you to cash for houses companies. It also showed you how to find a company that you could trust when selling fast for cash.
Now that you have found a business to buy your house let’s look at the process of a cash sale.
- What is a cash sale of a house?
- What makes a cash sale different from selling my house with an agent?
- How does a cash sale work?
- Who is involved when I sell my house for cash?
- Are companies who buy my house for cash legal?
We will also look at what you must know to be sure you get a great cash price!
Costly mistakes you must avoid.
What is a Cash Offer and Cash Sale of a House?
A cash offer on your house is when the person, or company, who wants to buy your property gives you an offer that does not involve a bank, lender, or any other financial service to pay for the house. The buyer will be using funds (cash) that is verifiable and ready to be used to buy your home.
Above is example of a cash offer on a house
Sellers generally prefer cash offers, even if they are a bit lower than a traditional offer, because they are the fastest and easiest way to sell a house.
If you need to sell your house fast, a cash sale can be the best choice because:
- There is no inspection
- No repairs to make
- No banks involved
- No realtors are needed.
These are reasons why selling your house for cash is faster. By getting rid of all these people the process is made very simple. It also eliminates many delays and costs associated with selling a house. For example no realtors means no commissions. Selling as-is means you don’t have to make any repairs. This is another huge savings in time and money.
What Makes a Cash Sale Different From Selling my House With an Agent?
The key differences between selling to a cash home buyer and selling with a real estate agent are:
- Cash for houses gets rid of banks so no need for an appraisal
- A cash offer and cash sale closes faster, and generally on the day you choose
- A cash offer is a stronger offer
- A legitimate company that buys houses for cash will be able to show you proof of funds
- Selling for cash eliminates many fees so the overall cost to sell is much lower.
- Companies that pay cash for houses can buy any house regardless of the condition
You can see that selling a house for cash is faster
and easier, right?
How Does Selling A House for Cash Work?
By now we understand the following:
- How to find a legitimate cash buyer near you AKA Real estate investor
- That there are many reasons to sell a house for cash
- Selling to a legitimate company that pays cash for houses is the fastest and easiest way to sell (but you will have to pay for the convenience – just like trading in a car)
- The key differences between selling your house to a someone that will buy it for cash versus using a realtor.
To sell your house fast for cash requires you follow 3 or 4 simple steps
Now we will break down the steps most “We Buy Houses” Companies or Cash for Houses Businesses use to buy your property.
Selling For Cash Typically Involves 3-4 Steps
Companies that are legitimate will be able to clearly explain the entire process that they use to buy houses, AND it should make sense to you.
A key advantage of selling a house for cash is that the process is easy and convenient for the seller. Therefore when a cash buyer explains their process it must make sense to you. It must be easy. Let’s take a look at a typical process.
The first step in selling your house for cash is to reach out to a company that buys real estate in your area.
If you are on a website like WatsonBuys.com you will be given the opportunity to either call or fill out a form to make the first contact.
I am often asked if there are any legal obligations after filling out a form on a “We Buy Houses” website.
The answer is NO!
Think of it just like you are trying to find an electrician. There is only an obligation if you sign something. So until you are ready don’t sign anything.
Step 2: Talk about the house you are selling with the potential buyer
After finding a potential buyer you need to talk to them. WHY?
You will need to talk about the condition of your property so they can work out what the property is worth to them. This could be done by email however more commonly a phone call is used. More recently a video walk-through has become more popular. We have been doing video walkthroughs for years now. It is easier and safer for everyone involved. Plus the added bonus is the investor doesn’t have to rely solely on the seller’s description.
A picture tells a thousand words, right?
Step 3: Request a no obligation cash offer on the house you need to sell
After talking about the house you are selling you can request a cash offer form the buyer. I would only request one if you feel thaey are a company you want to work with.
Although, even if you plan to use someone else, you could use their offer as a point of reference.
Compare at least 3 offers when selling for cash. Choose the one that meets all your criteria. Do you get to pick the closing date? What cost will the buyer cover? AND maybe most important… HOW MUCH CASH ARE THEY OFFERING?
Step 4: Let the real estate investing company take over and complete the sale for you.
If you like the offer and sign it then the “We Buy Houses” company should take over. A company like Watson Buys will take care of the legal documents and title work. We will communicate with any lenders to arrange loan payoffs. We will check city records to ensure any liens or fines are taken care of too.
The concept of selling for cash is about selling easily so choose a company that will do absolutely everything for you.
This will also include taking care of any repairs the house might need and cleaning out the trash.
How Quick Can a Cash Buyer Close on My House?
Chapter 3: So just how long does it take a cash buyer to close on a house?
Are they really that much faster than a realtor?
Would you be surprised if research showed investors that buy houses with cash absolutely the fastest way to get your place sold?
How to Negotiate a Great Deal and Get More Money When You Sell Your House for Cash
PROS & CONS of Selling Your House Fast for Cash
What Does it Cost to Sell My Property to a Cash House Buyer
more to include
cash for houses