HomeLight

MARCH 13, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

MARCH 13, 2023

Flexible closing date: While closing typically takes place faster with a cash buyer than with a traditional loan-backed sale, Speed points out that sellers may need to wait a little longer before closing. Many house-buying companies will also pay your closing costs. The buyer and seller sign the closing documents.

Sales 70

Sales Investor House Flipping Pre-approval 70

HomeLight

MARCH 16, 2023

Although you’ll typically receive a discounted offer from a cash home buyer, you’ll save on costs that take a sizable piece of your profit, such as 6% real estate agent commission. Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66