A internet keyword search of the phrase “sell my house fast in Minneapolis”returns results having many cash house sale companies. It’s a growing trend that’s fast becoming the preferred way to sell a house for cold, hard cash in record time. How does it work? Here’s a brief overview.
What is a Cash House Sale?
A cash house sale is a private sale in which a buyer makes a reasonable value cash offer for a house. The house can be in any condition. The owner can sell it for any reason: to avoid foreclosure, make quick money to settle debts, liquidate an estate post-divorce or unload an underperforming rental property.
The selling process is straightforward, typically entailing three or four steps. The seller contacts the buyer, offering details about the house for sale. The buyer visits the house and tours the property. The buyer makes an offer on the spot or within days. Closing takes place within seven days or whenever it is most convenient for the seller.
Benefits of Cash House Sales
Since the sale concerns a seller and a private investor/buyer, there is no need to list the house in question or to post messages like “I want to sell house fast in Minneapolis” on social media. The process also cuts out expensive go-betweens and extraneous expenses, such as real estate agent’s commissions, repairs, and closing costs. There are no staging and open houses to bother with as well.
The buyer and seller close at a reputable, licensed, local title company to protect the integrity of the sale and all concerned parties. Buyers usually have cash in hand in as little as a week.
