How Quickly Can a Cash Buyer Close on a Home in Washington DC?
June 11, 2021
June 11, 2021
One of the biggest perks to selling a home for cash is that you can close very quickly. Typically, you can expect closing to take 30-45 days in a traditional sale. But in a cash sale, closing usually happens within a week. Why is there such a big difference, and can you expect the same hassle-free process yourself?
Let us walk you through the steps it takes to close on a home when working with cash home buyers in Washington DC.
Closing on a Washington DC Home in a Cash Sale
When you sell your home to a cash buyer in the DC area, you are eliminating the entire lending process. There are no showings, appraisals, inspections or last-minute underwriting problems. The transaction is between you and the buyer.
Here is the timeline you can expect:
The initial consultation can be done over the phone and involves gathering basic information about your property. At 4 Brothers Buy Houses, we like to know what situation you’re facing, your home’s condition and your closing expectations. It’s a quick call and there is absolutely no obligation to continue.
The only ‘showing’ you’ll have to do is a quick evaluation. Don’t worry about tidying things up – our investors are looking at the bigger picture. They’ll take a few measurements and look at the basement and attic. This information is used to get an accurate estimate on the work that needs to be done.
An offer is made soon after the evaluation. 4 Brothers Buy Houses always provides fair and honest offers. We usually pick up all closing costs as well. Once we agree on a price, we can get started with the closing paperwork, including a contract you can sign electronically.
When the contract is signed, you’ll get a copy of it. Another copy is sent out so a title search can be done and your closing can be scheduled. If there are issues with the title, it will take longer to close.
Now for the fun part – the actual closing! Usually this happens within a week and we take care of all the details. This is far less time than the 30-45 days it takes in a traditional closing. At this time, you’ll get a cashier’s check or have the funds transferred to you electronically.
As you can see, cash sales are simple and streamlined. If you can benefit from a fast sale on your Washington DC property, contact 4 Brothers Buy Houses today!