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How Does the House-for-Cash Process Work?

Whether you’re running behind on your mortgage and facing foreclosure, you’re taking on a new job in a new city, or you’ve just inherited a property you’re not exactly fond of, there are several reasons why you would want to sell your house fast. Unfortunately, many home sellers soon realize that selling your property isn’t exactly a speedy process.

A conventional home sale typically takes about four to seven weeks. But depending on the state of your house, it could take significantly longer to get it off the market. This can be a major problem when you need to get your home off your hands now.

The good news is that there are home investors like Philly Home Investor who buy ugly houses as-is for cash so you don’t need to worry about making renovations, hiring a real estate agent, or going through the entire home selling process. But how exactly does the house-for-cash process work? And what do you need to do to get your unwanted property off your hands?

To give you more insight into this process, here’s your ultimate guide on how to sell your house fast for cash.

Decide when the house-for-cash process is the right choice

House-for-cash offers can be beneficial for several reasons, especially when you need to unload a property in a hurry or your house is in bad condition. When you choose to work with a home investor, you can relax knowing that you won’t have to deal with the following factors:

  • Banks: Banks can slow down a home selling process and sometimes even make them messy. When you sell your house for cash, you don’t have to worry about banks interrupting the flow.
  • Appraisals: Because you’re not working with banks during the home selling process, you don’t have to worry about appraisals or appraisal contingencies. Home investors play the role of the bank by providing you with an informed analysis of how much they believe your property is worth. You don’t need to sweat over whether a bank will disagree with how much you’re selling the property for.
  • Repairs: Repairs can be a major pain even for home sellers who have those repairs in their budget. Repairs can take months and they can be incredibly expensive depending on what needs to be done. When selling your house for cash, you don’t have to worry about making those repairs. Your home investors will buy the property as-is so you can save money and sell your house fast.

Talk to a home investor

The first step in the house-for-cash process is to speak to a home investor. Philly Home Investor is a local, family-owned real estate investment company in Pennsylvania that pays cash for homes when you need to get rid of an unwanted property. Our home investors have solved a wide variety of challenging home-ownership scenarios, and we can help to find the right solution for you, too.

Schedule a consultation

Once you’ve contacted your home investor and told them about your home-ownership situation, it’s time to schedule your consultation. Your home investors will visit your property and give it a thorough inspection. Using the results of this inspection alongside additional market research and your neighborhood’s data, we’ll provide a fair cash offer for your property and create a plan that works for you.

Make a decision

Selling your home on the real estate market can be surprisingly expensive. On top of repaying your mortgage lender the remaining balance of your mortgage loan, you’ll need to pay your real estate agent and complete closing costs. When you choose to work with home investors like Philly Home Investor, you don’t have to worry about any hidden fees, commissions, or closing costs. We’ll offer you a fair price for your home, which you can accept or decline as you see fit.

Close on the deal

When you’ve decided to take your home investors up on their cash offer, the next step will be for you to close on the deal. You’ll sign the necessary documents to transfer your home over to your investors and you’ll get paid for your unwanted property.

Looking for house buyers in your area? Philly Home Investor has the professional and experienced home investors for you. To learn more about the house-for-cash buying process or to schedule an appointment with us, contact Philly Home Investor today.

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