If you’ve decided to sell your home for cash in Las Vegas, you’re ready for the next step: contacting a team of real estate investors to make you a cash offer. Once you obtain and accept your cash offer, the process moves quickly so it helps to know what to expect. This way, you can plan accordingly for the next couple of weeks.
While each cash home buying company is slightly different, here is a general timeline of what to expect.
Accept Your Cash Offer
Once the cash buyer looks at your home, they’ll make an offer. We Buy Any Vegas House wants to buy houses, so you can expect our cash offers to be fair and honest. We take a number of factors into consideration, such as your home’s location and condition. But feel free to ask how we came up with the offer we did!
Once you accept the offer, it takes 24-48 hours to verify that the cash buyer has the funds to buy your home. This is similar to making sure that a buyer has been approved for a loan but involves far less time and paperwork. You can get this verification through an offer letter or bank verification.
Move Money into Escrow
When the money is verified, it’s moved into escrow until the title is secured. During this time, a title search is done to make sure there are no outstanding liens or heirs listed on the property. Even in a cash sale, it’s important to make sure the property is clear of any title issues. A title search takes about three days to complete.
Inspection and Appraisal
Inspections are not required in a cash sale, so it’s possible that you won’t even need one. However, some Las Vegas home buyers will want an inspection to know what they’re buying. The good news is that these inspections are usually for informational purposes – the buyer won’t negotiate with you for repairs.
Appraisals are the same. They’re not necessary for cash sales but sometimes cash buyers request them because they want to make sure they’re paying the right price.
Before closing, the cash buyer may request a final walkthrough to make sure the home is in the same condition as when they agreed to buy it. During closing, you’ll sign a bunch of paperwork, which should take about one hour.
Thinking about selling your house for fast cash in Las Vegas? We Buy Any Vegas Houses wants to buy your home today! Contact us for a free, no obligation offer on your property.