Selling To A Home Buyer Step 1 – The Initial Phone Call
Selling a home to a home buyer can be a great option for those looking to cash-out of their house quickly. Here’s what to expect when selling your home fast for cash to a home buyer in Tacoma and the surrounding areas of Western Washington.
When you first contact the home buyer, expect a brief call concerning the condition and situation surrounding the property.
Questions You Can Expect To Be Asked When Selling To A Home Buyer
Each home buyer is different, but generally you can expect the home buyer to ask you questions such as…
“How long have you owned your property?”
“Do you have any debt on the property still?”
“What condition is the property in?”
“What repairs do you think need to be done to get the property up to like-new condition?”
“What is the price you’d like to get for the property?”
All of these questions are designed to get an accurate understanding of the condition of the property itself, and the situation you are in regarding the property.
For instance, one of the better options for both yourself and the home buyer is to sell your house to the home buyer with seller financing. The reason this is such an attractive option for both parties is it puts more cash in the sellers pocket in the long run (your pocket!), and it allows the home buyer greater options when it comes to remodeling the property.
However, if you still have a significant amount of debt on the property, then seller financing will not be an option.
Selling To A Home Buyer Step 2 – The Ballpark Price & Scheduling A Walk Through
Once the initial call is complete, the home buyer will likely give you an idea as to what he or she will be able to offer you for your home under both cash-out and seller financing conditions.
If the offer seems reasonable to you, the next step will be to schedule a walk-through of the property so the home buyer can get an accurate picture of the repairs needed.
Selling To A Home Buyer Step 3 – Signing The PSA
Once you’re able to meet with the home buyer at your home and walk the property, the final step will be to review the home buyers offer and sign the Purchase & Sale document.
After the PSA has been signed, you can expect anywhere between 7 and 21 business days to close.
Have questions about the process? Let us know!