We buy houses Houston so we know the cash home sale process very well. For many homeowners, selling a house for cash would mean the buyer showing up with a duffel bag full of cash. Far from it, a ‘cash sale’ simply means that the sale isn’t dependent on financing or the ability of the buyer to secure a loan.
Cash home sales are more convenient, and it’s no wonder most homeowners are warming to cash home buyers. At Southern Hills Home Buyers, we buy houses Houston and can help you sell your house in three simple steps. But first, let’s take a look at the general cash house sale process.
How We Buy Houses Houston
Get to Know Your Home’s Value
Before getting started with your home sale, it is important that you know how much your property is worth. While cash sales are convenient and can be closed in a few days, cash offers will generally be lower than financed purchase offers. Knowing the value of your home will help you avoid lowball offers as you can estimate the discount to expect on the market price.
With various pricing tools available, you can get online and request a free property value estimate. A home value estimate will guide you when looking around for a cash offer and help you avoid making mistakes early on.
Search for a Cash Home Buyer and Request an Offer
Now that you know the value of your home, get down to finding a cash home buyer. Some effective ways to do this include:
- Using real estate platforms
- Seeking referrals from a real estate agent
- Searching online
Some online real estate platforms will match you with highly rated cash buyers in your area based on the information you provide on the platform. Talking to a real estate agent is also a good way of finding a legitimate cash buyer, as well as getting some advice on the home selling process. Most real estate agents are active in their local real estate community and are likely to have leads to credible cash buyers.
An online search is also an ideal option, given that the internet is swarming with cash home buyers. To avoid possible scammers, visit cash buyers’ websites, check the reviews and past projects, and also get references.
Evaluate the Offer (and the terms)
Once you’ve found a cash buyer and requested a cash offer, you’ll need to review it, as well as its terms. We buy houses Houston and can make an offer in as little as 48 hours once you get in touch with us. Besides the profit that you could make on the sale, keep in mind your home’s condition, terms of the offer, and its legitimacy to determine whether it’s fair.
Talk to a Real Estate Agent about Your Offer
To further establish whether the cash offer is fair, consider talking to a trusted agent about doing a competitive market analysis of your property. To establish your home’s market value, you could also order a home appraisal. While an appraisal may not provide the accurate value, it helps if you aren’t sure what a good offer would be.
Make a Decision in Regards to the Offer
After evaluating the offer and accepting it, what follows is signing the contract. This isn’t any different to what happens in a typical house sale. You can go through the contract or get an attorney read the terms. Importantly, the contract should have the following details:
- Home purchase price
- Amount to be deposited
- Closing date
If there’s information that could impact the home’s value, it is also vital that you disclose it.
Attend to any Special Sale Requirements
Most cash house sales will be straightforward. However, you may need to handle issues like homeowners association requirements or the need for a municipal lien search. It is also important to make sure that your contract document contains up-to-date information or the title company might reject it.
Handle the Home Inspection
It’s not uncommon for a cash buyer to conduct a home inspection. However, others may waive the inspection or purchase the house “sight unseen.” A cash buyer who opts for a home inspection may end up renegotiating the price of the final offer. This is essentially done to cover any unaccounted repair costs.
Before closing, the title company will conduct a title search to check any defects like unpaid taxes and outstanding child and spousal support. Such defects may halt the sale process until they’re cleared.
Go Through and Sign Closing Papers
If there are no delays, all that’s left is reviewing and signing your closing papers to finalize the house sale. Most likely, this will be done at the title company’s office, a real estate lawyer’s office, or at an escrow company. You’ll sign the deed, settlement statement, and any pending property disclosures.
We Buy Houses Houston, Are You Ready To Sell?
If you’re ready to “sell my house fast Houston“, reach out to Southern Hills Home Buyers. We buy houses Houston and can help you move your house off the market fast in a simple, expedited process. Reach out to us today by filling our online form to receive a fair cash offer.