The many advantages of selling a home for cash are that the process offers quick closing procedures in addition to the opportunities of selling “as is” to sellers. Some homeowners need to sell their gear up and get geared down, ready for the next move. If one has no knowledge of what to do at the beginning, packing several rooms of a home, storing family heirlooms/valuables, and donating never-used goods bolsters excitement. Slowly work on cleaning and packing to avoid the last-minute rush. Anything else regarding the packing and moving process goes pretty smoothly; regarding what services to keep or start, there are some to leave out.
Understanding Cash Home Sales
A cash home buyer pays upfront, no mortgage financing (borrowing money from a place like Homeward or a traditional bank) involved. So, if you’re looking to sell your home quickly, or you’d rather avoid the entire process of helping someone else go through the whole ordeal of securing a loan, getting an appraisal, and filling out a million and one forms . . . just do a cash sale. It’s simpler and will save a lot of time.
You’re also less likely to be jerked around. A lot can go wrong or “come up” during the traditional home buying process. They might have said they were prequalified for a loan, but then something falls through — tough break. There might be contingencies (like having certain repairs done) based on what the inspector finds, or even what their insurance (or the bank’s) requires, that might have to be met. Financing has a lot of hang-ups . . . and that might sound appealing if you’re interested in negotiation (and using those circumstances for leverage). But, if you’re trying to operate as a business, at scale and quickly — then you just need to be able to sell and go about your day.
Chances are, your “cash buyer” might also be an investor, so they won’t need any major repairs done either. While the retail buyer might require you to get a few inspections done (at your expense), and then ask that you pay to have those repairs and things like that done (because, ultimately “buyers are liars”), an investor might just buy the place as-is. You’ll definitely save the 6%+ that you would’ve had to pay a realtor, but you could also skip the 1%+ inspection phase and lowering the price of the home by 10%+ because it wasn’t what they expected, or some “current market conditions” have changed, or they can smell your desperation, or any of that crap. Cash buyers are simple, because you can sell it as-is, and then just move on to whatever really matters to you.
The Bellevue Real Estate Market
Home listing prices in the Bellevue neighborhood of Nashville have more than tripled since 2012. In those terms, Bellevue has outperformed 98 percent of the 13,000-plus U.S. housing markets tracked by online real estate brokerage Redfin. The Bellevue median home price of $296,000 in December was up 205 percent from $97,000 in December 2012, according to Redfin.
How Fast Can a Cash Home Sale Close?
A cash sale home’s timeline usually starts when an offer is made by the buyer and accepted by the seller. This part is often quicker with cash sales because cash buyers usually have fewer conditions to meet before they can move forward. For example, they don’t have to get approved for a mortgage.
Once the offer has been accepted, it’s time to begin the closing process. A number of things must be done before the sale can officially be closed, and some of them can affect the timeline of the sale.
One of the main factors that will affect the speed of closing is the title search. This is done to make sure the property is free of liens and that the seller has the right to sell it. While title searches for homes purchased with cash can take some time — just like those purchased with a loan would — it often takes less time. That’s because cash buyers don’t have to meet certain regulations when the title is searched. Plus, cash buyers tend to have their own people working on title searches in an effort to get them done as soon as possible.
Other steps need to be taken, as well. This includes an appraisal and some inspections, which can take a little time. However, since cash home buyers do not have to deal with them and may waive some of them, this will often allow these Purchasers to be more efficient and help speed the process.
Now it’s time to look at the home buyer’s end. Cash buyers often have the money ready to go (often the cash does not have to be present during the final stages, when all that’s needed is a money check, but that’s a discussion for another time), so a long, drawn-out approval process may not be needed. In most cases, this will save sweet time, expediting the time period within which closing will take place. This also offers assurance, which is just what makes cash offers sound so good, to a lot of home sellers.
I’ve been a real estate agent in Bellevue for many years now, and I can tell you that cash sales tend to be quicker. That’s because people who are willing to pay all cash for a home want to get it now. There may be other people who have similar property to what they want who require no fuss, no mess — just quick business. We are helping you understand very important things that you need to be aware of! Even though we’re speaking generally based on what we know, it might be a little different with different homes in different scenarios. Plus, we may at some point be challenged about negotiation, depending on the situation.
The Home Selling Process with We Buy Houses As Is
Engaging with We Buy Houses As Is to sell your home has been created and tailored to be as no-stress as possible. You start by reaching out and getting a free no-obligation cash offer. Getting this free cash offer means you get to see what type of sale you could get out of your home—no commitment, no organization, just cool cash. This is what our team hunkers down to calculate. We analyze the housing and marketing trends to come up with a fair offer. You hear ‘cash offer’ and think low down and bare minimum. This could not be further from the truth, as we have adopted a system that offers more money than our competitors. When we buy houses, we really have to do it this way.
We arrange a quick tour of your home after this cash offer is made, and you agree to move forward. When clients hear the word tour, they assume we are doing an intense screening to decide what to change and fix, but that is not the case. We are not a company/shell/middle man that simply hands a listing to someone else and maybe has a buyer. We are the experts who understand what is needed to make a large business run. Our process treats our homeowners very well. We buy houses with the hopes that we will get a quick service to sell in any free condition. The only way to do this is to put forward cash, sometimes losing portions of it to secure a buy.
After this is done, we ask you what your preference would be for a closing date. The time is ticking, and you have things you need to get done. We have hundreds if not thousands of recent reviews that you can use to prove that people who decide to engage with We Buy Houses As Is undoubtedly love what they get to deal with.
So there you have it! If you want to sell your home, We Buy Houses As Is is the ideal way to go. Just reach out on your phone or fill out this form to get your free cash offer. We’ll be right there for you, so here are the next steps.
Why Choose We Buy Houses As Is?
We Buy Houses As Is leverages local expertise to compete in a very savvy and informed geographic location—the Bellevue real estate market. We understand the area quite well, as I mentioned, and that means that we will understand the following:
- Property values,
- Most recent sales and how much they sold for, and
- Trends in the neighborhood—up-and-coming or on the downturn.
This will give us an understanding of how much we can pay for the home (the “as is” price). At the same time, this will afford us the ability to contact potential clients that may be interested in purchasing the home from We Buy Houses after we have renovated the property to align with the most recent sales in the area.
Referencing this as a competitive market, I should quickly acknowledge that there may be other “buyers” of your home. The question then becomes: “Why should I consider selling to We Buy Houses as opposed to We Buy Ugly Homes in Bellevue?” Yes, that’s going to be for you to decide, but I would ask you to get an offer from both parties… and make a decision from there.
Cash home sales present a unique opportunity for homeowners looking to sell quickly and easily. Unlike traditional sales, cash transactions forgo the need for mortgage approvals and detailed inspections of your home’s structure and systems, which adds an inevitable wait to your home sale that leaves the future uncertain.
The appeal of a smoother, faster home sale has convinced many homeowners to work with a company called We Buy Houses As Is. They’ve found a path out of the long home selling process by contacting the company at their primary phone number, +1 206-291-6117.
We Buy Houses is an office that specializes in providing real estate services to those who are offering an old, damaged, and unwanted property for sale but may be scared off by the potential for stress and an expensive repair bill to hit their lives and their homes once the deal ends. This is, after all, a group of “as is” property buyers.