How to Get a Cash Deal for Your House: A Quick Guide

Are you planning to sell your house?

You’re not alone. Every year, about 5 million existing homes are sold in the United States.

However, selling a house is rarely a quick process. From preparing it for the market to finding an ideal buyer, and finally closing the transaction, the process can take several weeks or even months.

There’s a way to shorten the process though. Just sell it to a cash buyer!

Unfortunately, cash deals aren’t so common. The vast majority of home buyers use bank financing.

But don’t worry. We’re here to help.

Continue reading for a quick guide on how to get a cash deal for your house.

Decide How You Want to Sell Your House

You already know you want to sell your house for cash, but how do you want to sell it?

You have two options: Hire a real estate agent or sell it on your own (for sale by owner). Which way do you want to go?

Both options have their pros and cons, but when you’re looking for a quick cash deal, it’s advisable to hire an experienced real estate agent. These professionals know how to market your home so it attracts a good number of potential cash buyers. They also know how to handle cash transactions.

If you take the for sale by owner path, you might expose yourself to legal risks and fraud. There are scammers who are looking to swindle unsuspecting home sellers off their property.

Prepare the Home for Inspection and Appraisal

Regardless of whether you’re selling to a cash or mortgage buyer, your home needs a professional inspection and appraisal.

The inspection report will identify any faults and damages on the property, as well as any repairs that have been done. In most jurisdictions, this is a legal requirement.

On the other hand, an appraisal will place a fair market value on your property. This way, you’ll know how to price it.

Bear in mind that pricing plays a key role when you’re looking to sell a house for cash. Most cash buyers want to complete the deal quickly. They don’t want to waste too much time haggling over the sale price of a property.

If you price your house way above its market value, you’ll be turning off interested cash buyers.

Get a Cash Deal From an Investor

There are investment companies that buy homes for cash. These companies usually buy homes in “as is” condition, upgrade or remodel them, and sell at a profit. Read more now to gain deeper insight into how these investors operate.

When you want to sell a house, it’s advisable to reach out to these investment companies. All you need to do is find your ideal investor, fill out your details on their website, and wait for them to make you an offer.

What’s more—transactions with these companies are super quick. Once you agree on the price, the deal will be closed within a few days.

Get a Cash Deal for Your House

In today’s marketplace, getting a cash deal for your house might seem like a long shot, but it’s not impossible. With the tips fleshed out in this article, you’re now in a better position to secure a cash deal for your property.

Keep tabs on our blog for more real estate tips and insights.