It can happen for a variety of reasons: job loss or relocation, divorce, overbearing mortgage payments, inheritance or probate, liens or delinquent taxes. Whatever the reason may be, if you find yourself needing to sell your house fast in Connecticut READ THIS!
You need to find a local investor, who is willing to pay cash for your home. Look for real cash buyers, not just people looking to waste your valuable time. Contact them immediately, and get them to meet you at your home. After discussing your situation and confirming some details, you will receive a cash offer for your home.
How to sell your house fast cash in Connecticut
After meeting with the local homebuyer, and going over the particulars. The investor will want conduct a title search to make sure that all the details discussed are accurate. They will check to make sure the deed is in the name of whoever signs the purchase sale agreement. They will check to make sure the property has no liens and free of encumbrances. The type of deed being offered will need to be known such as: quit claim deed, warranty deed or special warranty deed.
After you meet and have talked about your individual needs with the investor. The buyer will put together a purchase and sale agreement with a cash offer. Keep in mind that offers are made in cash meaning they are not dependent on a third party loan approval. There normally is minimum to no closing costs, and no agent fees associated with the offer. This will make the process much quicker than listing with an agent or trying to sell for sale by owner. Consider these factors when agreeing or declining an offer.
If an offer is accepted the investor may want to do a home inspection or appraisal. The appraisal is not typical in cash offers since the investor usually knows the home values in the areas that they buy homes. This is another reason to go with a local real estate investor or real estate investment company. Home inspections are more commonly done, particularly in older homes. This is to make sure that there are no major issues with the property, that are not visible in a walk through of the property.
Things to consider when agreeing on the purchase price are: the speed of which the deal can be done and obviously the fast cash you will receive for your property. If you need to sell your house fast, traditional methods like listing with an agent most likely won’t work for you. The cash offer will be affected by factors such as liens, mortgage balance, ect. The most important factors in determining the purchase price are the location and the condition, as well as any repair costs needed on the home. The investor will make an offer based on a combination of these factors. Remember you can always make a counter offer if the initial offer is not satisfactory.
Once the price is agreed, a closing date will be set. Since this is an all cash purchase, yourself and the buyer can set a date that is convenient and comfortable for you. With cash deals the closing is typically done much faster than traditional closings. It can be as simple as showing up at a notary office with a pen and leaving with a cashiers check.
It can pay to sweeten the deal for cash buyers, to make the deal more attractive. The tried-and-true principle of reciprocity tells us that people are willing to give more (sale price) if they feel they are getting something in return (the deal sweeteners). You can offer to cover closing costs, make some upgrades or repairs to the home, provide a transferable home warranty, which would cover major appliances and/or the HVAC systems ect. All these can make the deal more attractive to buyers, and can lead you to a higher offer.
If you are looking to sell your house fast, you will want to contact a local investor willing to pay cash for your home. These tips can help you plan your course of action, and get your home sold fast. But there’s even more, you can do to get a better cash offer and expedite the sale.
To learn more about selling your home fast cash in Connecticut please call 203-887-0107, or visit www.cthomebuysolutions.com and fill out fast cash offer tab at the top of the page.