You have inherited an old house that you do not want, and you do not know what to do about it. You live in a different city than the house, and you have no desire to move. You think that selling the house will be a major hassle because of the amount of time and money that a traditional sale will take. Fortunately, there is a way you can greatly reduce the hassle of selling your home.
Selling Your House For Cash
If you need to sell your house in a hurry, you may want to consider selling it for cash. There are companies that are devoted to buying homes and selling them. According to the website, https://flhomebuyers.com/west-palm-beach/, if you find a legitimate cash home buyer, you can have the money in your pocket in as little as seven days.
How the Cash Buying Process Works
A legitimate company that buys homes for cash, will be a member of the Better Business Bureau and have a staff of customer service representatives who can help you. The companies are run by real estate investors who flip homes.
You will contact them by phone or by their website and answer a few simple questions about your home such as how old the property is, who its occupants are, and whether or not you are the sole owner.
They will send a team member out to see the property or you will be required to send them pictures of the house. They will then perform a title search on the property.
What is a title search?
A title search will reveal important information about the property. It will confirm whether or not you can sell the home.
A title search is done through the tax assessor’s office to make sure that nobody else has a claim to the property. It will reveal if there is a lien on the property. You can generally not sell the property until any liens are removed.
The title search will also show important information like what kinds of modifications can be made to the home. It will let you know if there are easements on a property. Easements give other parties the right to use the land.
Once the title search is done, the cash buyer will make you an offer on your home. If you accept the offer, the money will be transferred to you about an hour after you sign your closing documents.
Problems With Traditional Home Sales
When people inherit property that they do not want, or when they have to move very quickly, they may not be able to follow the traditional route of finding a real estate agent, listing their home, and waiting to go through the lengthy process of finding a buyer. Selling an old home may take months as you will have to find a real estate agent who thinks the property is worth the time it will take to sell.
In addition to making the necessary repairs to the house or disclosing those needed repairs to a prospective buyer, you will have to worry about cleaning the house and staging it for sale. Once you do get a prospective buyer, you will have to wait for their home loan to get approved.
The buyer will have to have the home appraised. You will still have to do a title search, and you have to pay closing costs.
When you sell your house for cash, the company will take care of the closing cost, and they will arrange for the title search.
Selling your home does not have to be complicated. Whether you have to relocate in a hurry or you have unwanted property, a cash sale is a fast and easy way to complete the transaction and get on with your life.