Regardless of circumstances, selling your home is a significant decision– and traditional selling methods may not always align with your needs or timeline.
Fortunately, home buying companies offer an alternative solution that can simplify and expedite the process of selling your home.
Initial consultation
A consultation with the home buying company will start off your selling process. You’ll reach out to them, and they’ll work with you to schedule a meeting in order to discuss your property.
During this consultation, you’ll have the chance to ask questions, share details about your home, and express your selling goals and timeline. The home buying company will assess your property, and provide you with a fair and competitive offer based on the current market.
Property evaluation
After you’ve expressed your interest in selling to the home buying company, they’ll conduct a thorough assessment of the property’s condition and market value, while making a note of any necessary renovations or repairs.
Unlike traditional buyers, home buying companies often purchase homes in “as-is” condition, which allows you to save time and money on repairs.
Conduct a title search
To ensure a smooth and legally sound transaction, the home buying company will typically conduct a title search on your property. This process confirms that you have clear and marketable title ownership.
If you have any outstanding liens or encumbrances on the property, you’ll need to address them– and resolve them– before proceeding to closing.
Receive a cash offer
After they evaluate your property, the home buying company will present you with a cash offer. This offer is typically based on the property’s current market value and the company’s assessment.
This part of the process is especially advantageous in comparison with more traditional home sales, since you’ll receive a fair and competitive offer without the uncertainty and delays often associated with traditional real estate transactions.
Accepting the offer
Once you’ve received the company’s cash offer, you’ll have the option to review and accept it. Home buying companies aim to make the selling process as straightforward as possible. This means that you’ll be able to choose a closing date that aligns with your timeline.
This flexibility is especially helpful if you need to sell your home quickly due to relocation, financial constraints, or any other reason.
Signing the sales agreement
Once you’ve accepted the cash offer, and the title search has been completed, you’ll sign a sales agreement with the home buying company. This agreement outlines the terms and conditions of the sale, including the agreed-upon purchase price, the closing date, and any contingencies that might apply.
It’s very important that you make sure you’ve read the contract carefully and consult with legal counsel if needed– we always encourage you to do everything in your power to protect your return on the original investment of your home!
Closing and payment
Once the sales agreement is signed, you’ll work with the home buying company to schedule a closing date. The ability to choose a convenient closing date that works with your needs is one of the many advantages of working with a home buying company.
On the agreed-upon date, you’ll meet with the home buying company to finalize the transaction– signing necessary paperwork, transferring ownership of the property, and receiving the cash payment for your home. This process is typically quick and straightforward, keeping the whole process as hassle-free as possible.
Streamlined & efficient
Working with a home buying company is a great solution for people who want the home selling process to go as quickly and smoothly as possible. Much of the experience is completely customizable– for instance, you get to choose the timeline and dates that work best for you, keeping things moving in a way that typical real estate transactions just can’t compete with.
Thinking about selling your home, or just interested in finding out about your home’s market value? Visit our site to learn more about how your home can compete in today’s market and to explore local home listings. To ask any questions you might have about the process, give us a call today!