Are you thinking of selling your home in Columbus but don’t want to hire a realtor? That may be a smart decision because most realtors charge a commission fee, which is about 6% of the sale price. For example, if you are selling your home for $300,000, be prepared to pay $18,000 to your realtor. For this reason, many home sellers look for alternative ways to sell their homes. One of these alternatives is selling a house to a cash buyer or home investor. Many homeowners find this method perfect because it is convenient, fast, and transparent. Here is what the home-selling process with a cash buyer looks like.
Look for a Reliable Cash Buyer
The first step is finding a trustworthy cash buyer in your area. There are several methods to do this. You can use local online resources, such as Craigslist or a Google search. You can also contact a local records office where they keep the information about all the home sales in your town, area, and neighborhood. Also, feel free to contact We Buy Houses Columbus if you own a home in Columbus, OH. We are a team of experienced cash buyers, and we are always ready to help you.
Receive a Cash Offer and Look It Over
After a cash buyer sees your home, they will make you an offer. Your task is to review it in order to decide whether this offer is fair or not. You can check the houses in your area and compare the prices. If your property is not in good condition, and it needs to work, you should subtract the average costs of repairs and renovations from the value of your home, as well as the cash buyer’s commission (which is about 15%). If you are not sure about the price of your home, you can contact an experienced realtor who knows the local market and ask them to prepare a comparative market analysis.
Also, when reviewing a cash offer, make sure to ask the buyer to provide you with proof of funds. It can be a letter from the bank or a bank statement proving that the home investor has enough money to purchase your property.
Prepare and Sign a Purchase Agreement
Make sure that your purchase agreement includes such information as the price of the property, the amount of deposit, and the closing date. You can also review the agreement yourself or hire an attorney to do it for you.
Some home investors also make offers “sight unseen.” This is a common practice if the price of the property is very good and the condition of the house does not matter.
Most cash offers close fast, within 7-10 days. Sometimes they take up to a month, but that is a rare scenario.
Close On the Deal
In most cases, closing on the deal will take no longer than two weeks. That is much faster than a traditional sale, which may take up to several months or even longer. The main reason for this is that there is no mortgage lender involved, and there is much less paperwork.
Do you own a home in Columbus or a nearby area that you want to sell fast without a real estate agent? Then feel free to contact We Buy Houses Columbus. We are a group of local home investors who purchase homes in any condition and pay cash. The best thing is that you do not have to invest money in repairs, renovations, staging, or a realtor. All you need to do is visit our website and fill out an application form. Our mission is to make the selling process as easy and transparent for you as possible.
Feel free to call us if you have any questions or if you want more information about the process.