A cash home sale is a private real estate transaction between a motivated home seller and a company that buys houses in Indiana. The company makes a fair cash offer to the seller during the sale. If the seller accepts the offer, they choose a close date to sign the paperwork. The buyer pays the seller and closes the deal.
A cash sale is different from a traditional home sale because you don’t have to hire a real estate agent or list your house on the market. You also don’t have to do anything to prepare the house for sale - no repairs, upgrades, or inspections. It’s the easiest way to sell your house fast in Northern Indiana if a traditional home sale doesn’t work for you.
What Are the Steps in a Cash Home Sale?
Although every house-buying company in Indiana is different, they follow a similar process when paying cash for a house.
The Initial Contact
Either you or the company makes the initial contact via a phone call or meeting. During the meeting, the home buyer may ask you some questions about your house and your situation or reason for selling. You’ll tell them enough information about the house to decide if they are interested in buying it.
Most companies that buy houses in Indiana work with an objective third party that appraises the house. Some companies may schedule a house inspection that they pay for. The appraisal gives them an idea of what they want to offer for your house. Most offers come in at just under your property’s value.
The Cash Offer
Professional home buyers understand the sense of urgency in selling your house. Therefore, you will likely get a fair cash offer within 24 to 48 hours. The offer will probably come in a document highlighting the offer's details. They may also follow up with a phone call. Keep in mind that if the company makes an offer, they are committed to buying your house.
If you accept the offer, you schedule a close date that works for you. That means you don’t have to wait several weeks for the close to happen. In some cases, the house-buying company may just send you some documents to sign and then pay you once you return the documents. You can count on that the closing is quick, simple, and painless. Many home buyers will even offer up to 100 percent of the closing costs, saving you thousands of dollars in selling expenses.
How Is a Cash Home Sale Different from a Traditional Home Sale?
Several things distinguish a cash home sale from a traditional home sale.
- You don’t have to make repairs or upgrades to get the house ready for sale.
- You don’t have to hire a real estate agent or pay realtor commissions.
- You can sell your house regardless of your financial or legal situation.
- You work with a single, pre-qualified, experienced home buyer.
- You don’t have to list your house on the market.
- You can close a sale in as little as one to two weeks.
One of the best things about a cash home sale is its convenience. If you are in a situation such as a foreclosure, divorce, probate, or bankruptcy where you need to get rid of your property quickly, a cash sale allows you to sell your house fast and get out of your mortgage.
Sell Your House As-Is for Cash to Housemart
If you need to sell your house fast and want to bypass a traditional home sale, Housemart can pay cash for your house right now. We can help you sell your house as-is for cash in Northern Indiana. Call 219-230-8735 to get a fast cash offer.