February 13, 2023
Local Guy Buys Houses | How Do I Sell My House Fast

How Do I Sell My House Fast?

The fastest way to sell your house is a cash home sale. You can sell your house as-is for cash and close in as little as seven days. A house-buying company can appraise your property’s value, make a fast cash offer, and close in only a few steps. The process is simple and, in most cases, costs you nothing.

A cash home sale is faster than a traditional home sale or FSBO and doesn’t involve many of the steps that delay the transaction. You sell your house as-is directly to the buyer. You do not have to hire a real estate agent and pay commissions. If you need to get rid of your property or get out of your mortgage quickly, a cash home sale is your best option.

What is a Cash Home Sale?

A cash home sale refers to a real estate transaction in which the buyer pays for the property in full with cash rather than obtaining a mortgage or other financing. The buyer may also use other liquid assets, such as a cashier's check, wire transfer, or cryptocurrencies. Cash home sales are common and can benefit buyers and sellers.

For buyers, paying cash allows them to avoid the time and expense of obtaining a mortgage and may also make them more attractive to sellers, as cash buyers are considered less risky.

For sellers, a cash sale can be more attractive than a sale that involves financing, as it eliminates the risk of the sale falling through due to financing issues. Cash sales can be quicker and easier to close, as no lender approvals or appraisals are required.

What are the Steps in a Cash Home Sale?

The steps in a cash home sale may vary depending on the specific circumstances of the transaction, but generally, the process would include the following steps:

  1. Offer and negotiation: The buyer makes an offer to purchase the property, and the seller either accepts, rejects, or counters the offer. The parties will negotiate the purchase price, closing date, and any contingencies that need to be met before the sale can be completed.
  2. Home inspection or appraisal: The buyer will conduct their own inspections and review of the property to make sure they are satisfied with its condition. This can include a home inspection, termite inspection, and review of any other relevant reports.
  3. Closing: Once all contingencies have been met and both parties are ready to proceed, the closing process can begin. This will involve signing a purchase agreement and other legal documents, and paying the purchase price in cash.
  4. Title transfer: Once the closing process is completed, the seller will transfer the title to the property to the buyer, and the sale is complete.

The entire process typically takes one to three weeks. However, it’s also possible to close a deal with a local home buyer in under seven days.

What are the Benefits of a Cash Home Sale?

There are several advantages of a cash home sale over a traditional one.

Sell Your House Fast

Cash sales can be faster and easier to close than sales that involve financing, as there are no lender approvals or appraisals required. This means that the sale can be completed quickly, often in as little as a few days.

Work with a Pre-Qualified, Committed Home Buyer

Cash sales are considered less risky than sales that involve financing, as there is no risk of the sale falling through due to financing issues. This can be beneficial for both the buyer and the seller, as it provides certainty that the sale will be completed.

Flexibility

Cash buyers are not subject to the same lending guidelines as buyers who are obtaining a mortgage, which can make them more flexible in terms of closing dates and other contingencies.

Lower costs: Cash buyers generally don't have to pay for appraisals or loan origination fees, which can be expensive. Additionally, cash buyers often pay less than the asking price, thus a seller may be more willing to sell for less.

No Home Repairs or Contingencies

Cash buyers don't have to worry about their financing falling through, so there's no risk of the sale falling apart due to financing issues.

Get a Fast Cash Offer from Local Guy Buys Houses

If you need to sell your house fast and don’t want the hassle of a traditional home sale, contact Local Guy Buys Houses. We buy houses as-is. Let us appraise your property and make an offer today. Call 855-205-5999 to get a fast cash offer.

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