HomeLight

MARCH 13, 2023

Speed: One of the biggest benefits is a fast sale, as cash buyers are able to close the transaction quickly without the delays often associated with traditional home sales, such as waiting for financing approval or appraisal. You can typically sell your house in as few as 10 days. The buyer and seller sign the closing documents.

Sales 87

Sales Purchase and sale agreement Due diligence Inspection 87

HomeLight

AUGUST 31, 2021

“You make a phone call or answer some questions online, agree to an offer, and then it’s not something you have to worry about anymore,” says Doug Van Soest , owner of a house flipping company in Southern California, in describing the typical way things go. Even if you’re selling “as is”, an inspection could still be required.

Proof of funds 144

Proof of funds Investor Due diligence Closing 144

HomeLight

MARCH 13, 2023

Competition from house-flip companies. Certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few, if any, contingencies. No pre-qualifying for a loan. Off-market distressed homes need expensive upgrades (foundations, roofs) that owners don’t want to fix.

Sales 66

Sales Investor House Flipping Pre-approval 66