If you’re in a position to sell your house for cash in Las Vegas, consider yourself lucky. With this type of home sale, there is no mortgage lender involved, allowing you to move through the process much faster. You can also skip over other nuisances like appraisals, showings and inspections.
It’s helpful to know how the process for a cash home sale works so that you can prepare accordingly. While each cash home buyer may follow a slightly different process, here are the main steps to expect.
Share details about your property and request an offer.
Cash buyers are fairly flexible when it comes to the homes they invest in, but they still look for certain features. Reach out to the cash buyer, share the details of your property and schedule a time for them to visit. Don’t worry about cleaning or fixing things up – all properties are sold as-is.
Get a cash offer and sign the contract.
As long as the cash buyer likes what they see, they’ll make an offer. Cash offers are based on things like the condition of the property, its location and what comparables have sold for. Once you sign the paperwork, your home is officially “under contract.”
Verify proof of funds.
Because your buyer is using their own cash to close the deal, you’ll want to make sure they have the money available. Proof of funds often comes in the form of bank statements. Again, as long as you work with reputable Las Vegas home buyers, this won’t be a problem.
Hire a title company.
Sometimes, the buyer chooses the title company, and sometimes the seller chooses it. We Buy Any Vegas House works with several local title companies, so you don’t need to worry about this step! The role of the title company is to make sure there are no liens on the property and that the actual property ownership changes hands.
Pass the home inspection.
Some Las Vegas cash buyers submit their offer with an inspection contingency, which means they can negotiate their offer once the inspection is done. At We Buy Any Vegas House, we do a home visit upfront, and because we purchase properties as-is, this isn’t usually a problem. But it’s important to be aware that the inspection can change the initial offer.
Sign closing documents.
At closing, you’ll sign the paperwork. Because you’re not working with a mortgage lender, you can usually close in less than two weeks! Expect to sign a mound of paperwork, such as a HUD-1 settlement statement, a title deed, a loan payoff statement and others. We Buy Any Vegas House typically covers closing fees as well.
If you’re interested in selling your house for cash in Las Vegas, get a free, no obligation cash offer from We Buy Any Vegas House. We are an honest, reputable company with a hands-on team of cash buyers who are always looking for great deals. We make home selling simple!