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How Does A Cash Sale Work?

How Do Cash Sales Differ From Bank Financed Sales| Rapid Home Deals 352-480-0955
Rapid Home Deals, your local cash home buyer. We can do cash sales or buy on terms.
Good morning. This is Carl Mullin with Rapid Home Deals. We’re answering questions from sellers, just like you. The question we have today does, how does a cash sale work?

Well, cash sale works like this. It’s much faster in the closing period versus a bank loan. Bank loans generally take about 45 days to close once a contract is signed. In a cash offer, it can be as fast as seven days. The only thing we have to wait on is the title search. That takes usually about five business days.

So with a cash offer, it’s faster. There’s usually a discount involved because it is cash and you’re going to get your money and you’re going to get your house sold much, much quicker. So that’s the main thing, difference between cash offer.

From a seller standpoint, the closing costs are the same. Except in my case, I generally paid the closing cost of the seller in a cash deal. But in the buyer side, there’s a lot less that they have to deal with. There’s no recording of the mortgage. There’s no bank appraisals. There’s no surveys. There’s none of that. So that’s the difference between a cash offer and a bank financed sale.

Okay, if you know, anybody’s looking to sell their house, have them give me at 352-480-0955, or go to my website www.rapidhomedeals.com, your local cash home buyer.
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