November 4, 2022

What Is a Cash Home Buyer?

A cash home buyer is a company or individual that pays cash for homes as-is. The buyer finds a property and assesses its market value. The buyer makes a cash offer to the home seller. If the seller accepts the offer, both parties negotiate the terms of the sale and sign the paperwork. The entire process from cash offer to closing takes one to three weeks, expediting the home sale.

A cash home buyer can be a local buyer in your area or a national home buyer that purchases property in multiple real estate markets. Working with a national buyer gives you access to a wide range of resources and options for selling your home. If you need to sell your house fast and want to avoid the hassle of a traditional home sale, a cash home sale may be a viable alternative.

What You Need to Know About Cash Home Buyers

Cash home buyers have carved a specific niche in the real estate market, making them valuable to motivated home sellers. There are several distinctive qualities of a cash buyer that may appeal to you if you need to sell your house fast.

The Buyer Is Pre-Qualified and Ready to Pay

Most people buying a home today need a mortgage loan from a lender to secure the deal. Unfortunately, many potential buyers do not qualify for a loan. It can be frustrating to find a buyer. A cash home buyer has the resources to buy your house right now without requiring a loan. So, you don’t have to wait to get cash for your house.

You Can Sell Your House As-Is

Most buyers today will not buy a damaged, vacant, or old house in its current condition. Instead, you must first make home repairs or upgrades, which can cost thousands of dollars with no guaranteed sale. A cash home buyer is willing to buy your house as-is, regardless of its current condition. You make no repairs and do not have to schedule a home inspection or appraisal.

The Real Estate Transaction Is Private

Most home sellers sell their house the traditional way. They make home repairs, hire a real estate agent, and list the house on the market. A cash home sale involves none of these steps. It is a private transaction between the buyer and the seller, which simplifies the home-selling process. You negotiate the terms of the sale with the buyer, sign the paperwork, and walk away with no strings attached.

How Do I Sell My House to a Cash Home Buyer?

A cash home sale involves fewer steps than a traditional home sale. It is the simplest way to sell your house fast no matter where you live or why you are selling your house.

Step 1: Meet with the Buyer

The first step in a cash home sale is to meet the buyer and discuss your property. The buyer may ask a few questions about the house or why you are selling. If the buyer is local, they may schedule a quick walkthrough to get a better idea of what the property looks like.

Step 2: Get a Cash Offer

The buyer will appraise your house to assess its current market value. They will make a fair cash offer. In most cases, you can expect an offer within 24 to 48 hours after the meeting. Once the buyer decides they want to buy the property, they waste no time in making an offer. It can be beneficial if you need to sell your house fast.

Step 3: Close the Sale

If you accept the offer, the last step is to close the house sale. You and the buyer agree on the terms of the sale. The buyer hires a title company to transfer home ownership. Both parties sign the paperwork and close the sale. The buyer pays you for the house.

Sell Your House Fast to Local Guy Buys Houses

If you need to sell your house fast but don’t want to deal with the hassle of a traditional home sale, contact Local Guy Buys Houses. We buy houses as-is. Our cash home buyers can assess your property and make a cash offer. Close in as little as seven to 21 days. Call 855-205-5999 to get a fast cash offer on your house.