In the US as of February of 2021, more than six million previously owned houses had been sold in the past 12 months.
Even in the midst of a global pandemic, people were still buying and selling homes in large numbers.
If you’re looking to sell your home, you might be considering skipping the stress of dealing with real estate agents and having people constantly looking around your home. Instead, you may be thinking about a fast cash sale.
If so, read on as we look at the basics of how to sell a house for cash.
Know Your Valuation
Before you start looking for a buyer, you need to get an idea of how much your house is worth in the current market.
When realtors value your home, they don’t use rocket science. They just take a look at houses similar to your own in the area and see how much those houses have sold for. You can do exactly the same for yourself.
Remember that cash buyers will usually pay less than you could get if you sold your home through a realtor, so your estimate of the value of your home should reflect that.
Decide If You’re Selling As-Is
You can do some work on your home before you sell if you wish, but many people prefer to sell as-is.
This means you can get started on selling your home straight away, without having to spend time on cosmetic improvements. Many cash buyers will buy homes as-is, saving you a lot of extra work and expense.
If you’re not sure what the best way to go is, there’s a list of the pros and cons of selling to a cash buyer linked here.
Look For a Buyer
Next, you need to find a buyer.
You can try advertising your home online, but the simplest way is to look for companies that specialize in buying homes for cash. Do your research to make sure you can find a reputable buyer with a proven track record.
Review The Offer
Once you receive your offer from the cash buyer, it’s time to compare it to your valuation.
You should also take a look at the company making the offer, their record of closing transactions, and the terms of the contract. If you’re happy with it, you can go ahead and sign.
Close The Sale
One of the best parts about selling your house for cash is that closing the sale is usually a much faster process than when selling through a realtor.
You can expect to close the sale within two weeks, rather than six or seven weeks it often takes when selling with a real estate agent.
Are You Planning To Sell a House for Cash?
If you’re thinking about trying to sell a house for cash then we wish you the best of luck.
Remember to do your research and ensure that you only accept an offer that makes financial sense. You also need to be sure that the buyer is trustworthy; you don’t want to be making a mistake with the large sums of money involved.
If you’re looking for more useful tips and advice, then please be sure to check out the rest of the site.