You have three main options if you need to sell your house fast in Detroit, Michigan. You can hire a realtor and sell your house the traditional way. You can attempt a For Sale by Owner. Or, you can do a cash home sale with a company that buys houses in Michigan. Selling your house for cash in Metro Detroit. It may be your best option if you need to sell your property right away or you can’t find a buyer.
A cash home sale is a private real estate transaction between you and a home buyer. If you are selling your house for cash, the buyer assesses the current market value of your house. They make a cash offer. If you agree to the offer, you can close the sale in as little as seven to 21 days. It is the fast and easiest way to sell your house in Detroit.
What Is a Cash Home Sale?
A cash home sale is a real estate transaction directly between a buyer and a seller. There is no real estate agent involved in the transaction. The buyer offers cash for your house and agrees to buy it as-is. You make no repairs or home improvements. Instead, the buyer assumes ownership of the house regardless of its current condition or why you buy it.
Several characteristics of a cash home sale distinguish it from any other type of house sale.
- You sell your house as-is – no repairs or home improvements.
- You work with a single buyer and do not have to list your house on the market.
- Nothing is preventing you from selling your house – sell for any reason.
- You can close the sale of your house in as little as seven to 21 days.
- You incur no selling costs – no realtor commissions, home repairs, or closing costs.
The Benefits Of a Cash Home in Michigan
There are several benefits of a cash home sale.
- No selling expenses
- No realtor commissions
- Sell your house fast
- No repair necessary
- Work with a single qualified buyer
When you sell your house to a house-buying company in Michigan, you eliminate many of the complex steps you must take in a traditional home sale. You can sell your house as-is for cash, regardless of your current situation.
What Are the Steps to Selling Your House for Cash in Metro Detroit?
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.
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?
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, remember 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 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 consider 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.
Get a Fast Cash Offer from M1 Home Buyers
We’re ready to make an offer if you need to sell your house fast. 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.