Sell My House for Cash: What It Really Means
Whether you are considering selling your house or already have a property on the market, you may be looking at a viable alternative to a traditional home sale. If so, consider a cash home sale. What is a cash home sale? What does it mean to 'sell my house for cash? Last, how do I find cash home buyers in Ohio?
What Does It Mean to Sell My House for Cash?
A cash home sale is a private transaction between a home seller and a company that buys houses in Cleveland, Ohio. The company makes a cash offer to the seller and agrees to pay cash for the house as-is. Once the buyer and seller agree on the terms of the sale, they both sign the paperwork, transfer home ownership, and close the sale.
The steps in a cash home sale may look like this:
Step 1: Meet with the Buyer
The first step in a cash sale is to meet with the buyer so that they can learn more about your property and why you're selling your house. The buyer may ask some questions or request a walkthrough of the property. They will also appraise the house or hire an appraiser to determine the current market value.
Step 2: Get a Cash Offer on the House
The buyer will make a cash offer if they want to move forward with the sale. You can usually expect an offer within 24 to 48 hours. The buyer will submit the offer along with the terms of the sale in writing.
Step 3: Close the Sale
If you accept the offer, you and the buyer agree on the terms of the sale. The buyer sends you the paperwork to sign. They also hire a title company to transfer property ownership. Once you close the sale, the buyer pays you for the house.
What Makes a Cash Home Sale Different from a Traditional Home Sale
There are ways in which a cash home sale differs from a traditional home sale.
1. Fewer Steps in a Cash Home Sale
In a traditional sale, you have to jump through several hoops to prepare your house for a sale, find a buyer, negotiate the sale, and close the sale. The entire process can take several months. When you sell your house for cash, you eliminate the steps, simplifying the process.
2. Little to No Selling Expenses
A traditional home sale can be expensive. Your biggest costs include home repairs, realtor commissions, and closing costs. The expenses can add up to thousands of dollars that eat into your profits. A cash home sale eliminates all of these expenses, allowing you to sell your house fast in Cleveland, Ohio, regardless of your budget.
3. Sell for Any Reason
If you are going through a hardship such as bankruptcy, foreclosure, divorce, or probate, you may not be able to sell your house the traditional way. You may need a fast solution. A cash home sale allows you to sell your house as-is for cash for any reason. A cash home buyer can work with you and give you the flexibility you need to sell your house regardless of your circumstances.
4. Work with a Pre-Qualified, Professional Home Buyer
You may get several offers from potential buyers when you list your home. However, how many of those buyers are qualified to buy your house? How many of them get approved for a home loan? Furthermore, how many drop off or pull out of the deal? When you work with a company that buys houses in Ohio, you get a guaranteed offer from a pre-qualified buyer with the cash to purchase your house right now.
Sell My House for Cash in Cleveland, Ohio
If you need to sell your house fast but don't want the hassle of a cash home sale, contact Home Buyers Ohio. We buy houses as-is for cash. We can make a fair cash offer and close the sale of your house in as little as seven to 21 days. Call 440-490-4600 to get a fast cash offer on your house.