What To Expect When Working With Cash For Houses Companies
Are you looking to sell your home quickly and for cash? If so, you may wonder what to expect when working with a cash for house company. While every company is different, you can expect some general things. Cash for houses companies offer a complete end-to-end service that makes selling your home fast and hassle-free.
Below is an overview of the process and what to expect from start to finish.
1. Initial Contact
When contacting a cash for houses company like Chief Real Estate Solutions LLC, expect to provide basic information about the house. It could include photos, the house’s condition details, and an estimated value. The company will then assess this information and make an initial offer.
2. Home Inspection
The company may request to see the home before making a final offer. This allows them to confirm the condition is as stated and determine if any repairs are needed. The company will also use this time to gather additional information to help them make a final offer.
It’s important to note that the company will pay for any repairs, so this is an excellent opportunity to make some extra money.
3. Final Offer
The cash for houses company will make a final offer based on the information gathered during the inspection, rehab cost, and after-rehab value. You can either accept or reject this offer. Unless you plan to change the property, this offer should still be valid even if you turn it down.
Once you accept the offer, a closing date will be determined for you to sign the paperwork and transfer ownership of the house. A third-party closing attorney handles the closing process. Typically, cash transactions are a lot faster than traditional closings.
Some of the things a title company will handle include the following:
- Prepares a settlement statement: This document outlines the terms of sale and how much will be exchanged at closing.
- Conducts a title search: The title search ensures that the house is free of any liens or encumbrances. These are legal obligations that are attached to the property’s title.
- Schedules a recording of the deed transfer: It’s necessary to complete the sale and officially transfer house ownership.
- Collects funds and transfers ownership: The closing lawyer will collect outstanding balances and make sure the funds are transferred to you after closing. You can expect to receive your money 7-14 days after completing the close.
5. Moving On After Closing
When the sale is complete, you will be relieved of any responsibility for the house. The cash for houses company will now be responsible for any repairs and maintenance.
You can now move on with your life. Whether you plan to purchase another home or begin renting, the cash-for-houses company will have taken the hassle of selling your home off your plate. Therefore, this allows you to move on with confidence and peace of mind.
Sell Your House Quickly Today
If you want to sell your house quickly, research any cash for the house company you are considering. It helps ensure it has a good track record and will provide you with the best value for your home. With the right company, you can be sure to get a fair offer and have cash in hand quickly.