No one wants to wait months to sell their home. It keeps you from moving on and it can be a very stressful process. You need to find ways to sell your home quickly and a cash sale is your best option.
A Cash Sale
Not many people are familiar with cash sales, but they are quickly growing in popularity due to their convenience. In a cash sale, the buyer has all the money upfront. They won’t need to apply for a mortgage which means you don’t need to wait for them to get their mortgage approved. Additionally, cash sales don’t require the seller to have their home appraised or inspected. The entire process includes negotiating the price, transferring the title, and signing closing documents. It’s a quick and easy process that removes a lot of the stress associated with selling. As an extra bonus, you also have fewer closing costs to pay in a cash sale.
When you enter a cash sale, there are a couple of different buyers you might encounter. An example of a cash buyer is a house flipper. These individuals will purchase homes for cash in their current state. They then fix up the house and sell it for a profit. Other cash buyers might include people who simply have the cash on hand and are ready to purchase a home. One of the more common buyers is a home buying company. These companies routinely purchase homes for cash. They might buy homes in need of repairs, homes facing foreclosure, or homes that are in probate. Selling to a home buying company opens up a lot of opportunities.
How to Prepare
In most home sales, a seller would prepare by making renovations to their home since this will raise the property value. Cash sales don’t typically require this because many cash buyers will purchase homes as is. However, you can still make repairs and renovations to fetch a higher price. As you get ready to complete the sale, the only thing you have left to do is maintain the property and pay any associated costs until closing. These costs include property taxes, HOA fees, and any other fees required for your specific property.
A cash sale is a great opportunity for anyone trying to sell their home quickly. In many cases, you can sell your home in under 30 days. It’s worth exploring cash sales to see if one is right for you.
Matt Busy Indiana Houses will purchase homes in a variety of conditions. Click here to see if your home qualifies!