If you’re looking to sell your home in Pittsburgh, you have several options. You can choose to work with a real estate agent, attempt a FSBO (For Sale by Owner), or opt for a direct cash sale. While the first two options are pretty straight forward, you might be less familiar with the latter option. Does the thought of selling your Pittsburgh home for cash sound intriguing but you’re unsure of how the process works? We’ll break it down for you in this beginner’s guide!
Step 1: Find a reputable cash buyer
The first step to selling your Pittsburgh home through a direct cash sale is to find a reputable cash buyer. You’ll want to do your research to find someone who is legitimate and reliable. Once you find a potential buyer, make sure you ask the right questions. Are they familiar with the Pittsburgh housing market? Have they purchased similar properties in the past? You can also reference their website and social media pages for extra validation.
Step 2: Schedule a property tour
The next step in the process is to schedule a tour of the property you’re looking to sell. Don’t panic if the house is in poor condition – many cash homebuyers will buy your house as-is! After completing the property tour, you’ll receive an all-cash offer. This means that the buyer will purchase your house outright, without the need for financing/loans, fees or commissions. Instead, you will receive a cashier’s check from the title company at closing.
Step 3: Sign the contract & verify funds
If you choose to accept the buyer’s cash offer, the next step is to sign a Purchase and Sale agreement. This document outlines the final agreed upon sale price as well as other important details related to the transaction. You’ll also want to obtain Proof of Funds from the buyer, which essentially verifies that they have the money to complete the purchase. You’re one step closer to closing!
Step 4: Transfer ownership via closing
You made it to the final step in the selling process – the closing! This is the official transfer of ownership, and it involves signing all of the legal paperwork, like the certificate of title, to finalize the deal. If everything has been done correctly, the closing may take less than an hour. At this point you will receive a cashier’s check from the title company, and you can then use those funds to pay off bills, take a vacation, or plan for your future. When all is said and done, an all-cash home sale can be a quick, stress-free option for selling your Pittsburgh property. Believe it or not, the entire sales process may take as little as two weeks! If you’re interested in selling your home for cash and have additional questions about the sales process, contact us to learn more!