Have you ever considered selling your house to a cash buyer before? It might seem like an odd question. Buyers are buyers, right? Well, not exactly. Cash buyers are a bit unique. They already have the funds to purchase a house, so they don’t have to rely on a lender to finance the transaction. So how does selling your home to a cash buyer work?
Find the Buyer
The first step in selling your house to a cash buyer is to find a cash buyer. There are a few ways to do this. First, you could talk to local real estate agents. They should be able to point you in the right direction of a cash buyer or two. Second, you can specify that you’re looking for cash buyers on your house listing. Third, find a local cash home buying company that you want to sell to. That’s the easiest, fastest way to find a cash buyer. Why wait for them to come to you when you can go to them?
Negotiate the Sale
Once you’ve found your buyer, it’s time to negotiate the details of the sale. A cash buyer will have a pretty good idea of what they want to offer you for your house, but that doesn’t mean that there isn’t room to negotiate some of the finer details. If you aren’t sure about their offer, ask them how they got the number they did. Remember to discuss details like what furnishings and appliances are included in the sale as well. That could impact the offer too.
Close the Deal
After you’ve accepted the offer, it’s time to close the deal. This is one place where cash buyers stand out. Closing often takes an average of 30-60 days, sometimes even longer. Part of that is because most closings involve lenders who want to ensure that their money is being well-spent. They use things like credit checks, inspections, and appraisals to make that determination. Because cash buyers don’t need a lender, they can avoid some of those steps and close more quickly. Professional cash home buying companies can sometimes close in as little as 7 days–much faster than 1-2 months.
Selling your house to a cash buyer isn’t all that different from selling to any other buyer, at least in terms of how you do it. Where it does differ is how you experience the process. Cash buyers can often move much faster than traditional buyers. Selling to them may reduce your closing costs. If you choose to sell your home to a cash buyer like Minnesota Home Guys, you won’t have to pay any closing costs or commissions (no agent needed, no commission paid). That, plus the time saved, could make us the best cash buyer for you!
Learning about any professional home buying company you consider selling your home to is always a good idea. Click here to learn about Minnesota Home Guys today!
