How To Sell Your House in 5 Days (Hint: Cash House Buyers)
It is no secret. Selling your house traditionally takes time. In fact, right now in Ontario, it takes on average 50+ days to close on a house according to Realtor.com. That means an additional 50 days of paying a mortgage, utility bills, dealing with walkthroughs and multiple offers. All this after sellers have most likely spent $50,000 on needed renovations. If you need to sell your home fast, can you afford to keep pouring money into a house you no longer want? What if you could sell your home in only 10% of the current wait time? Well, it is possible and we want to show you how to sell your house in only 5 days.
Is it possible to sell your home in 5 days or less?
Yes. It is possible to sell your home in 5 days or less. If you need to sell your home in 5 days or less, selling it to a cash house or private home buyer is your best option. Cash house buyers typically look to buy homes from people who need to sell their homes quickly or homes that are in need of major renovations. Selling a home to a cash house buyer is not the right solution for everyone, however, there are reasons to consider selling your house privately to a cash house buyer.
We buy houses all throughout Ontario and we can close as quickly as you need. In the cash house buying industry, there is a term know as “As-Is.” Cash house buyers use this term to describe exactly what they’re looking for when purchasing a home. They will buy the home in its current condition. If the floor tiles are cracked or broken, they will still buy the house. If the shingles on the roof are 20 years old and leak every rainstorm, they will still buy the house. If the house is owned by a hoarder, they will still buy the house.
(As a side note, if you are a hoarder and are worried about the hassle of removing all your belongings, don’t worry. We will help pay the expenses to clean your house.)
It doesn’t matter what the current condition of your home is. A professional cash house buyer will buy your house for what it is currently worth. Now, we’re going to take a little detour here. We just said that cash house buyers will buy your house for what it is currently worth. NOT what it could be worth after fixing the roof, the tiles and the deep cleaning. So what does this mean for you? It means, if you are looking for a quick solution to selling your home and getting money in your pocket quickly, selling your home to a cash house buyer is the best route to take.
What’s the process of selling your home in 5 days or less
To start off, let us reassure you that the process is actually quite simple. In fact, our process really boils down to three steps. If you need to sell your home fast, in 5 days for this example, you will need to do a couple things to jumpstart the process.
Contact a local cash house buyer. Day 1
First, contact a local PROFESSIONAL cash house buyer, like us at Lewis Brothers Properties (good thing you’ve already found us wink wink) and have some basic information ready about your house. That information includes:
Property address
Property history (when you bought it, any updates you have or have not made etc.)
A solid understanding of any outstanding financial issues
And, last but not least, a date and time in mind for the cash house buyer to come do a home assessment
Receive / accept the all-cash offer for your home. Day 1-2
Once the first step is complete, the cash house buyer will be able to accurately give you an all-cash offer for your home. Remember, this cash offer is for what your home is currently worth. Let’s talk about this factor for a moment. When selling to a cash house buyer, typically sellers need to sell their homes fast. This creates fantastic money saving opportunities. A private or cash home buyer saves the seller major MONEY and TIME in ways such as:
No appraisals needed
No contingencies
Buy home As-Is
No commission to realtors
No closing costs (more money in your pocket)
No showings (no cleaning or staging or strangers in your house)
No paying for home inspections
No banks or lenders
Faster and simpler process
Buyer doesn’t need a mortgage
Every bullet point above, costs the seller money and time. After you have accepted the all-cash offer for your home, it is now time to get the legalities sorted out and completed.
Completing all the necessary legalities. Day 2-4
After choosing a closing date, getting the home under contract is critical. This simply means that you have agreed to sell your home to the private home buyer. If the seller needs proof that the cash house buyer has the means (cash) to buy their house, they can ask immediately. Once proof has been established, the seller signs the Purchase and Sale Agreement.
A professional private or cash home buyer will outline all the necessary items that need to be completed on the day of closing. Here is a list of legal documents that the seller will expect to complete at closing when you sell your home privately:
Final Closing Documents. These are exactly what they seem to be. These documents are a list of items that the escrow company needs and the amount of cash that will be given to the seller.
Statement of Personal Information. This is a simple document that verifies the seller is who they say they are, legally speaking!
Traditional Liens Document. This is a document that states the seller has disclosed to the buyer that there are not any current or outstanding liens on the home being sold.
Mortgage Loan Payoff Document. Talk about an important document. It reveals how much the seller owes (hopefully not much) on their mortgage. This will have already been disclosed to the buyer, but this legal document is important for both parties to sign and complete.
Certificate of Title. This document simply states that the seller is legally saying that they have the right to sell their house, in this case, to a private home buyer.
Title Deed Document. It is the most important document for the private buyer. It shows that the seller has transferred ownership of the home to the private or cash house buyer.
Closing Day. Day 5
Thus far, you contacted the cash buyer, accepted an all-cash offer, completed all the necessary legal documents under the guidance of the cash house buyer and have arrived at day number five. Closing day. On this day, the final legal documents are all signed by both parties. Both the seller and the buyer will do one final walkthrough and finish up any last minute items. The best part about closing day when working with a cash house buyer is simple. YOU GET PAID. That’s right, a check is given to you on that day. Not tomorrow or 3-6 weeks from now. You get paid now. Closing day is supposed to be a fun and exciting day. We hope it will be for you.
To wrap things up
You read it here folks. You can indeed sell your home in 5 days or less. We’ve said it before, selling your home privately to a cash house buyer is not for everyone. This option is for sellers who need things to move fast, want to save major money in repairs / commissions and are looking to move onto their next phase now. If you need to sell your home fast, we hope that you’d feel comfortable reaching out to us. We buy houses in Simcoe County, the Durham Region, the York Region and all throughout Ontario. We are the #1 solution for sellers looking to sell their homes, rental properties or inherited properties quickly. Our processes are designed to be stress-free and cause very little headaches! After all, wouldn’t it be nice to have a great experience selling your home?
