article thumbnail

Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

Selling to a house flipper is an attractive option if you want to skip repairs and staging, but beware — home flippers turn large profits on houses by buying them for well below their market value. Home inspection contingency. iBuyers , or “instant buyers,” are direct real estate buyers who purchase homes at scale.

article thumbnail

What’s Required to Sell a House Without a Realtor?

HomeLight

Home inspection report. Even if you did a pre-inspection, the buyer will almost certainly do a home inspection – particularly if there are any inspection contingencies in the offer or if the lender requires it. A HomeLight survey of top agents revealed that 67% report that staged homes sell for 1% to 10% more.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Get Cash for Your Home: A Step-by-Step Guide

HomeLight

Harvell also suggests getting concrete proof that the buyer has purchased properties in their name as part of the vetting process. I’m not talking about a ‘proof of funds’ letter — those are easily manipulated,” he says. “If Verification of funds. Inspection period. Step 6: Pass the inspection.

article thumbnail

Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts. The seller and buyer agree on a price and terms.

Sales 78
article thumbnail

Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.

Sales 64