Selling a house today is more complicated than ever. You have to make the necessary repairs or upgrades, hire a realtor, list the property, stage the property, show the property, and hopefully find a buyer. Even if you get an offer, the potential buyer may not qualify for a mortgage loan. Even when you secure a deal, you’ll discover that closing can be stressful.
You may be asking yourself whether there is a better way to sell your house fast without the hassle. The answer is yes! You can sell your house fast as-is for cash and bypass a traditional home sale. Below, we look at four steps to sell your house to a company that buys houses instead of going through a realtor.
Step 1: Find a Company That Buys Houses
If you are putting your house up for sale, a company that buys houses, a.k.a., a cash home buyer, may contact you and make an offer on your house. If so, you owe it to yourself to at least explore that option to see if it’s the right fit for you. Working with a cash home buyer may help you get out of your house or mortgage faster than you thought.
If you don’t get a phone call, the fastest way to find a company that buys houses in your area is to type ‘sell my house fast’ or ‘we pay cash for houses’ on Google and shop around for some house-buying companies in your area. Also, ask around and get some referrals. Working with the right buyer can help you unload your property faster with little to no effort.
Step 2: Schedule a Walkthrough with the Buyer
Once you contact a buyer, they may want to spend a little time asking you some questions about your property:
- Where is the property located?
- How old is the property?
- What is the condition of the property?
- Why are you selling?
- How much are you asking?
Gathering some general information helps the buyer assess whether they are interested in your house. They may look up the property or even get an appraisal.
If they are interested in the property, they may schedule a walkthrough to look at the property they want to buy. You are not obligated to sell the property, and you don’t have to prepare the property for the walkthrough.
Step 3: The House-Buying Company Makes an Offer
If the buyer is interested in the property, they will make an offer. There are three things you need to know about the offer.
- The offer will come in at just under the market value of your house. While that may not seem fair, keep in mind that you will probably make that money back by avoiding realtor commissions, closing costs, and repair costs.
- The house buyer will likely make an offer quickly. You can expect a cash offer within 24 to 48 hours of the sale. This type of offer is especially helpful if you need to sell your house fast or get out of your mortgage as soon as possible.
- You are not obligated to accept the offer. There is no pressure to sell your house, and you are free to think about the offer or even counter-offer.
Step 4: You Accept the Offer and Close the Sale
If you accept the offer from the buyer, the final step is to close the sale. Unlike a traditional home sale, closing a cash sale is easy and quick. Most house buyers don’t like to waste time closing the deal, so you can expect to close your house within seven to 21 days. It depends on the buyer’s process for closing a house sale.
You may meet the buyer personally or simply sign some documents online when you close the sale. In most cases, a title company is involved in the process. Once you close the sale, the buyer will either send a check or do an electronic payment. You can feel confident that you will receive payment quickly.
Get a Fast Cash Offer from M1 Home Buyers
If you need to sell your house fast, we’re ready to make an offer. M1 Home Buyers can assess your property, make a cash offer, and close the sale in as little as seven days. Call 248-397-5800 to get a fast cash offer. Sell your house fast with M1 Home Buyers.