Wichita Real Estate Blog

How Fast is a Cash Home Sale?

There are a variety of reasons why people choose to do a cash home sale. The most appealing of these reasons is the speed of the sale. Cash home sales are much faster than a traditional home sale.

The Process

With a cash home sale, you start off by negotiating a price with the buyer after they’ve made an offer. Once a price is finalized, you begin the selling process. First, the title will need to be secured, reviewed, and transferred. The next step of the process depends on the sale. In a traditional home sale, you are typically required to have an inspection and a home appraisal. However, cash sales do not require this and it’s up to you and the buyer to decide if you want to have either of them done. Next, you move on to closing on the sale and signing all the paperwork. With a cash home sale, you don’t need to do any renovations since cash buyers typically buy homes as is. You also don’t need to work with a real estate agent or host home showings. 

Timeline

Negotiating the price of a cash sale usually takes only a day. Many cash buyers are frequently buying homes in order to update and sell them, so they will most likely be eager to take the home off your hands. Handling the title of the home will usually take a couple of days to iron out. The part of the process that takes the most time is the inspection and/or the appraisal. Usually, it takes about a week to schedule these and then a few hours to get them done. After this, the final closing process will take about a day. In the end, you can have your home sold in about two weeks or even less. 

Closing 

One reason other home closings take so long is because of the amount of paperwork. The biggest difference between a traditional sale and a cash sale is that a cash buyer is not required to get a loan or a mortgage to purchase the house. They already have all the money up front. This greatly reduces the amount of paperwork that needs to be signed during the closing process. All in all, you could be done with the paperwork in just a few short hours. 

Selling your home doesn’t need to be a months-long process. If you can find a cash buyer, you can sell your home quickly and reduce the need for costly renovations and other inconveniences. 

If you want to sell quickly, click here to find an experienced cash home buyer!

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