Sell My House for Cash: What it Really Means
What does ‘Sell my house for cash’ mean? A cash home sale is a private real estate transaction between a home seller and a company that buys houses in Coventry, Rhode Island. When you sell your house for cash, you work directly with the buyer. You don’t need a real estate agent or broker. You do not need to list your house on the real estate market and show your house to multiple buyers.
Since the buyer is willing to pay cash for your property, you can sell your house as-is. You make no repairs or home improvements and you do not have to stage the house. The buyer agrees to buy the house as-is regardless of its current condition. They also assume responsibility for any other issues with the house. A cash home sale also allows you to sell your house fast in Coventry, Rhode Island, for any reason regardless of your situation.
What Are the Steps in a Cash Home Sale
Every house-buying company in Rhode Island has a unique process for buying your house. However, there are some similarities.
Step One: Introductory Meeting
The initial meeting between you and the buyer is usually a phone call or an on-site visit. You discuss the details of property and why you need to sell your house fast. The buyer may ask some questions or request an on-site quick visit to assess the property.
Step Two: Home Appraisal and Cash Offer
Once the buyer gets to know the house, they appraise the property and decide if they want to move forward. If so, they make an offer on the house. In most cases, you will receive an offer within 24 to 48 hours. When a buyer decides they want to buy the property, they typically waste no time securing it.
Step Three: Accept the Offer and Close the Sale
If you accept the offer, you and the buyer agree on the terms of the sale. The buyer will typically hire a property title company to transfer property ownership. You sign the paperwork. Finally, the buyer pays you for the house. They also agree to pay up to 100% of the closing costs. You walk away with no strings attached.
What Are the Advantages of a Cash Home Sale?
There are several benefits of a cash home sale.
- You do not have to hire a real estate agent or list the house on the real estate market.
- You do not have to pay for home repairs or property upgrades.
- You can close the sale in as little as one to three weeks.
- You pay little to no closing costs, depending on your situation.
- You can get out of your mortgage with your credit still intact.
One of the biggest advantages of a cash home sale is that you can sell your house as-is for cash regardless of your situation. A house-buying company in Coventry, Rhode Island can purchase your property even if you are going through foreclosure, bankruptcy, divorce, or probate. It’s a convenient way to sell your house as-is if you want to get rid of a rental property or need to relocate because of a new job.
You have the freedom you need to sell the house, pay off the mortgage lender, and get on with the next phase of your life.
Why Would I Choose a Cash Home Sale Over a Traditional Home Sale?
A traditional home sale is still the most popular way to sell your house in Coventry, Rhode Island. However, it is not always the best way to sell your home, depending on your situation.
For instance, if you have the cash you need to cover thousands of dollars in selling expenses, you may be able to afford a traditional home sale. A traditional sale may also work for you if you are in no hurry to sell your house.
However, a cash home sale is a better option if you are going through financial difficulties and need to unload your property as quickly as possible. It’s also a better option if you need to relocate to a new town and don’t have the time to prepare your house for a sale.
Sell My House Fast in Coventry, Rhode Island
If you need to sell your house fast and don’t want to bother with the hassle of a traditional home sale, contact Prime Real Estate Investments. We buy houses in Coventry, Rhode Island. Let us appraise your property and make a fair cash offer on your house. Call 401-256-2667 to get a fast cash offer.