Use This Checklist to Sell Your Home For Cold Hard Cash

There are countless reasons why someone would need to sell their homes quickly and for cash. Whether it’s a divorce, needing cash right now, or relocating for a new job, the thought of selling can be overwhelming. However, we have a simple checklist to follow that quickly and painlessly outlines how to sell your home for cash.

1. Request an offer for your home

When you’re selling for cash, you can skip the rigamarole of the showing and staging process. You’re selling your house as-is so you don’t have to make any repairs if any are needed. You can just put a proverbial price tag on the front door!

2. The buyer will evaluate the home

An interested buyer will want to collect information about the home. They may do it themselves or they’ll send a representative to visit the property and determine the price they’re willing to pay. This may or may not be the same as your asking price, so be prepared to negotiate if you’re set on a specific number.

3. Carefully review the offer and contract

Once the buyer gives you an offer, you’ll want to carefully review the offer before accepting (or declining). This should include the contract price and the terms of the sale.

4. Ask the buyer for proof of funds

When you receive the offer, you should immediately ask the potential buyer if they have proof of funds. You want to make sure that the buyer is who they say they are and they actually have money to go through with such a huge purchase.

5. Make sure all inspections are completed

Once the buyer proves they have the funds to buy and you’ve accepted their offer, you may need to do inspections and have an appraisal done. Now, of course, this depends on who you’re doing business with and how they conduct business. Sometimes a buyer who is purchasing an as-is home will want a home inspection done.

6. Fast-forward to closing day

The typical closing period will take around 54 days from the moment the loan application is submitted until the day the contracts are signed and keys change hands. However, since you’re bypassing the entire loan process, you can close in a fraction of the time. The typical cash sale can be completed in 10 to 14 days.

7. Have a title search completed

A cash buyer is still going to request that a title search be done to make sure that the property doesn’t have any claims against it. They’re making sure that there are no tax liens or judgments against it and it’s free and clear to be sold to a new homeowner.

8. You’re can get paid!

Once the inspections are done, the title search is proven to be clean, and the contracts are signed, you can get paid! The cash buyer will typically wire the money to your account, which can take as little as a few days.

Although selling your home for cash is a lot faster than a typical sale, it’s not like some random person off the street is going to knock on your door with a briefcase full of cash. It still takes some time because there are still contracts to sign and a title search that needs to be completed. But, if you ask us, waiting two weeks for a cash sale is a lot better than waiting almost two months for a regular sale!

Provided by Wait! Read This Before You Sell Your House for Cash