If you’re looking to sell your property quickly and easily, you might be considering a cash sale. There are a lot of reasons this can be a good idea, especially if you’re on a tight timetable, but it’s important to do your research ahead of time to make sure it makes sense for you. Even if you’re already fairly certain it’s what you want to do, fully understanding the benefits that come with a cash sale and how exactly the process works is important for making sure the sale goes smoothly.

Cash4Homes buys houses for cash in and around Utah, and over the course of our time operating in this market, we’ve encountered a number of homeowners who may not fully understand how cash sales work or why it’s as beneficial for them as it is, even if they’re open to the idea. That’s why in this post, we’ll be going over some of the reasons it’s worth considering this method of selling your home, what the process actually looks like, and why we may be the right buyer for you.

Why sell for cash?

Generally, cash sales are faster and simpler than other types. The biggest reason is that it often cuts out middlemen in the sale, mainly lenders. A buyer paying in cash doesn’t have to wait to be approved for financing, which allows the seller to close faster. It also means they don’t have to worry about the buyer potentially backing out if they aren’t approved for financing, as mentioned in this Investopedia article.

We’ve covered some other points that make a cash sale worthwhile on our blog. To reiterate, the main ones are that the home is vacant or too high maintenance, or that you want more control over the closing date. Essentially, a cash sale is the best option when you’re looking to sell a property fast, but on a schedule that’s more accommodating to your plans.

How a cash sale works

There are a few important steps you should follow when you sell your house for cash. These include:

• Appraise your home’s value: You should be as certain as possible of the market value of your home at the time you intend to sell.
• Find cash buyers: Get in contact with cash buyers like us about your home and evaluate their offers.
• Review the contract: If you’ve decided to accept a cash offer, review the contract of the sale (with an attorney’s help if necessary) and make sure the purchase price, deposit amount, and closing date are all outlined.
• Submit disclosures: Disclose any information to the buyer about the home’s condition related to safety or historic issues which may impact the property’s market value.
• Handle additional requirements: Some cash sales may come with additional unique requirements such as processing a buyer application or a municipal lien search.
• Clear the title: Check for any debts which may interfere with the closing of the sale, including liens, a second mortgage, or outstanding child support payments.
• Review and sign closing documents: These documents typically include a deed or property settlement.

Selling to Cash4Homes Utah

By now, you may be asking: “How do I sell my house for cash with Cash4Homes? Is the process any different?”

Unlike many other cash buyers, we’ll take your home as-is, eliminating the need for additional expenses like repairs. You’ll just tell us about the property, set up an appointment with us if it meets our buying standards, evaluate our no-obligation offer, and close with us at a reputable local title company. You can read more about this process here.

Make your home sale quick and easy by selling to us. If you have any questions about our process or requirements, contact us now and we’ll respond promptly!