Having a timeline for selling your home is necessary for finalizing other aspects of your move, like hiring a moving company or renting moving equipment. In a traditional home sale, it is difficult to know what that timeline may be because you are having to cater to the buyer’s timeline. On the other hand, when you sell your home for cash to a home buying company, the closing process is expedited and you get to choose your move-out date. Keep reading to learn more about the process.
Know When You Want to Move
One of the nicest things about selling your home for cash is that you have a lot of control over the timeline. You get to set a date that you want or need to move by, and you can close in as little as seven days to one month. Compared to a traditional sale which, on average, takes 60-90 days to close, this is fast! Therefore, if you are planning to sell to a home selling company, you should probably have your closing date in mind before you even contact them.
Evaluation of House
Once you are in contact with a home buying company, they will let you know very quickly whether or not they are interested in purchasing your property. While other cash buyers may be more picky with the properties they purchase, home buying companies are willing to buy almost every type of home. The home buying company will send a representative to inspect the home to determine its condition and how much to offer. Allot any necessary time in your timeline for this process. If you are working with a cash home buying company, this evaluation and offering process can be done in as little as one week.
Closing Time
After the home buying company has evaluated your home and decided that they want to purchase it, they will extend an offer. As soon as any negotiations are worked out and you accept the offer, you begin a very short closing process. Basically, all that is involved in the closing process is finalization of paperwork, transaction of the home, and transaction of the money. Therefore, you don’t need to allot much time for the closing process in your timeline–probably only a couple of hours or so.
Having a timeline when selling your home can help you stay on track. It will also help eliminate stress that could come from not knowing specific dates or feeling pressed for time. When you decide to sell your home for cash instead of through traditional methods, this greatly simplifies and shortens your selling timeline.
To find out how soon you could sell your home to a cash homebuying company, reach out to Clear Water investing here today!