Before choosing to sell to a cash home buying company, it is good to have a tentative timeline to see if it aligns well with your schedule and needs. When selling your home using traditional methods, the closing process can often be one of the most tedious and time-consuming parts of the process. However, when selling to a cash home buying company, the closing process is very easy and quick.
Agree on a Price
When you work with a cash home buying company, there are usually only two parties involved: yourself (the seller) and the company (the buyer). Therefore, you communicate directly with the cash home buying company about prices and conditions. The company will evaluate your home and come up with an offer based on their assessment and research. When presented with the offer, you can accept it right away or choose to negotiate. Once you have both agreed on a price and conditions, you can move forward with the closing process.
Avoid Closing Costs
One of the great advantages of selling to a cash home buying company is that there are no closing costs involved. This is largely due to the fact that you probably aren’t working with a real estate agent, so you don’t have to pay a commission fee. In streamlining their buying process, cash home buying companies have also omitted many traditional closing costs associated with selling a home.
Both you and the cash home buying company will review the agreement you constructed together. If it is found satisfactory by both parties, you will both sign the document(s) to make it legally binding and official. Shortly after that, you will turn over ownership of the property to the cash home buying company and they will pay you in full. Once the money has been transferred to your bank account, you can immediately use it for whatever you want or need.
When you sell to a cash home buying company, the closing process is incredibly simple to understand. You won’t be tricked into paying any hidden fees or have to wait long for the agreement to be official. Because you avoid all extra costs by selling this way, you get significantly more of the offer price as profit than if you sold using traditional methods.
To learn more about the closing process with a cash home buying company and what other fees you can avoid, reach out to Clear Water Investing here today.