As many sellers know all too well, waiting to sell your home and then waiting yet longer to close on it are aggravating. When you know it’s time to move on, you want the process completed as quickly as possible. One way to achieve this is by working with a company that buys houses. Not only do such companies expedite the sales process, they wrap things up fast – often within two weeks from offer to settlement.
How do companies that buy houses work?
When you contact the company, you present basic information about the house and usually receive an offer that considers the age and condition of the home, the amount and type of repairs needed, the selling prices in the neighborhood, and the length of time it takes homes to sell. If you accept the offer, you agree to sell the house as-is for cash. You may even receive a cash advance of up to $2,500 within 48 hours.
One of the processes of settlement requires the third party company pays off your mortgage. This is usually done immediately, although you may request help in getting your credit restored, which means the company will bring your mortgage current and make payments for a few months. See our video on how the homebuying process works.
The settlement process
You, as the seller, will meet with a representative of the title company at the offices of a professional settlement company to complete the transaction and transfer the title. The new deed, which you sign, is recorded with the county to verify the new ownership. You will receive the balance of your money at this time.
Working with a company that buys houses offers many advantages. You know how much you will get for your home immediately upon accepting the offer from the company. The process can be completed in days, so you do not have to depend on the market, the inspector, the appraiser, the lender, or the title company to finalize things. Most importantly, when you work with a company that buys houses, you will have your money and your freedom in days.
If your home isn’t selling, call us today at (877) 804-5252 to get an offer in hours from Express Homebuyers.