house cash credit card calculator sell house fast

How Do I Sell My House Fast?

Home » sell for cash


Even in a hot market, where houses don’t seem to last long on the market, it takes 45 to 90 days, at best, to get from listing to close.

You need to factor in the mortgage house buying process. The typical homebuyer requires lender approval, and the home loan process usually takes 30 to 45 days. It can take longer if the lender has requests, which usually means asking you, the seller, to make repairs or improvements.

But maybe you do not have that kind of time. Maybe you’re relocating for a new job, or you’re getting a divorce, or facing foreclosure or bankruptcy. Whatever the reason, whatever your situation, you want your house sold fast and stress free!

How Fast Do You Need to Sell Your House?

Depending on how fast you need to sell your house, you may have more or fewer options. It often comes down to, can you wait for the lengthy mortgage process or not?

After the home loan is approved, closing can happen within the week. Keep in mind, however, that the buyer decides the closing date. Some savvy buyers request the following month to avoid that month’s taxes and/or to delay the first mortgage payment.

Need to Sell My Home Fast in Less than a Month

If you do not have time to wait – you need to sell fast, like yesterday, and you cannot spare even a day to list or market or make improvements, cash buyers are exactly what you’re looking for because they buy houses fast without a loan.

Option 1: Sell Fast for Cash to an Investor

If you have the need for speed, this is likely your best option. Selling fast for a cash offer to a real estate investor means you can close as quickly as 7 to 10 days, depending on your situation, and get paid in 24 to 48 hours.

A real estate investor buys houses “as-is”. You do not need to worry about improvements or curb appeal or cleaning. The cost of repairs and renovations are then deducted from the final amount you receive. “But I want to sell my house for more money,” we hear a lot of homeowners say. But here’s the thing: what you lose in the offer price is actually money back in your pocket. The cash buyer invests their own money in fixing up and improving the property, saving you money, time, and effort.

When there is an underlying reason for selling the house fast, who you sell to matters more. For example, if the house has been foreclosed, and the auction date set, you want to sell it to an investor who can take on the paperwork and legal matters. Oftentimes, the investor can speak with your lender, negotiate an extension, and even the final debt to be paid, if you have a flexible servicer.

The Advantages of Selling to an Investor include:

  • No realtor or service commissions
  • Guaranteed cash offer
  • They cover closing costs and additional sale fees
  • They’ll take care of paperwork
  • Fast closing – you choose your own closing date
  • Get paid in cash in as little as 24 hours
  • Experienced and specialized investors can negotiate tough situations with third parties, like your mortgage lender, title company, etc.

The ONLY Downside of Selling to an Investor is this:

  • You don’t know how much you might have gotten for your property by selling it on the open market. But, if selling quickly is the priority, you need to be willing to trade potentially higher profits in favor of speed and a predictable closing date.

Option 2: Sell to an iBuyer

An iBuyer is a company that will purchase the house directly, usually also for cash. Unlike the previous option, where you are dealing with a small business, or sometimes one person, iBuyers can be massive companies and often have strict requirements.

With an investor, you pay no fees, but with an iBuyer, they get a commission, ranging from 5% to 12%. Oftentimes, they appear to give higher offers, but when you factor in that there is a commission, it may actually be less than what an investor would pay.

iBuyers also promise speed, and closing dates are negotiable within the desired timeframe.

The Advantages of Selling to an iBuyer include:

  • No realtor commissions
  • They take care of the paperwork
  • Fast closing, in as little as 10 days, or negotiable
  • You get paid in 24 to 48 hours

The Downsides of Selling to an iBuyer include:

  • Service commissions of 5% to 12%, which can be higher than working with a realtor
  • You may still pay closing costs
  • Most iBuyers prefer easy transactions, so if the reason for selling involves legal matters, like foreclosure, liens, or title problems, they tend to shy away from getting involved
  • You don’t know how much you might have gotten by selling it on the open market, that is, if you had more time to wait

Need to Sell My House Fast But Can Wait Up to 90 Days

Option 1: Hire a Top Listing Real Estate Agent to Speed Things Up

According to the National Association of Realtors (NAR), 2020 sellers who enlisted the help of an agent sold their properties for 100% of the listing price, and only 35% reported reducing the asking price at least once.

Hiring an experienced agent can relieve a lot of stress. They’ll take care of big to-do items, like listing, marketing, walkthroughs, paperwork, and negotiating with buyers. Of course, this all comes at a cost, which is taken from the home sale price in commissions, split between your listing agent and the buyer’s agent. Rockstar agents may cost more – 8% in commission, but they are also more likely to help you expedite the sale for your house. Be sure to interview and ask references to ensure an agent is really a superstar.

The Advantages of Selling with a Realtor include:

  • They take care of marketing;
  • List house for sale on local MLS;
  • Filter buyers;
  • Schedule and organize walkthroughs; and
  • Take care of the paperwork

The Downsides of Selling with a Realtor include:

  • Commissions averaging 6% of the final sale price
  • You pay all closing costs
  • Even if you get and accept an offer on the first day your house gets listed, you still need to wait another 45 days for it to close, and that includes the buyer’s mortgage approval, title arrangement, and the effective date of closing
  • Sometimes offers fall through, or lenders don’t approve loans, or they ask for too many requirements, making it unpredictable as to how long it may take to sell your house

Option 2: Sell Your House By Yourself (FSBO)

A lot of homeowners consider the FSBO route mainly to avoid paying the realtor commission and fees. However, it can be lengthy and time consuming, unless you already have a buyer lined up to purchase your house.

The Advantages of Selling a House by Owner (FSBO) include:

  • More control over the process
  • You can negotiate directly with the buyer
  • 2020 Data from the NAR shows that FSBO houses sold in less than 2 weeks (but the owner knew the buyer)

The Downsides of Selling a House by Owner (FSBO) include:

  • You may still have to pay 3% commission, if there’s a buyer’s agent
  • All the marketing and visibility on your property depends on you
  • You’re responsible for filtering buyers
  • You’ll schedule and do all the showings
  • You’re responsible for the paperwork. Depending on the location of the property, you may need to hire a real estate attorney
  • Studies by the NAR show that fast FSBO sales only happen when the buyer is an acquaintance who got a “friends and family” price, rather than the market value

FSBO homes still need to appear nice during walkthroughs. In addition to clearing clutter and staging rooms, consider improving your curb appeal, since the home’s exterior is the first thing buyers see when they pull up. Trim hedges, plant fresh flowers, pressure wash and add a fresh coat of paint to the house, and spruce up the front porch.

The biggest mistake made with FSBO homes is overpricing. Potential buyers often pass over listings with a high asking price, and the longer a house sits on the market, it gives the impression there’s something wrong with it. You’ll need to lower the price, and you’ll need to lower it at the right time, or else take down the listing and relist it later.

Tips to Sell My House Fast

Here are some tips to help you sell your house quickly, thus increasing your chances of more, and better quality offers, that is, if you have the time to work on the house.

Price It Right

If the price is too high, buyers will walk away. BUT if it’s too low, you may be leaving money on the table. Pricing a house just right is tricky. If you have a realtor, they can help you with this by pulling comparable listings and market data, otherwise you will have to do it yourself.

Declutter and Spruce Up Curb Appeal

How would you feel if you were shopping the market, and you pulled up to a house with dirty windows, chipped paint, and a brown yard? What if you walked inside, and there was a mess? You would be put off by the property’s overall appearance, right?

Put a little elbow grease into making your house presentable, so when buyers visit, they are left impressed and can imagine themselves living there.

Make Speedy Repairs

If you hire a good team of contractors and repairmen, you can get a lot of work done in a few short days. Most buyers are going to want repairs done, so if you get them done ahead of inspection, you’ll save time.

If Possible, Pick the Right Time to List

Some seasons fare better than others. Spring and summer are popular, but fall and winter have their merits. Study the market with your realtor and pick a time to sell, that is, if you’re not hard-pressed to sell right now.

Offer Incentives

Financial incentives, like lowering the asking price to make up the difference in repairs, or covering the closing costs, or one year of the homeowners warranty, encourage buyers to make an offer.

How SolidOffers Can Help You Sell Your House Fast

When you need to sell your house fast, you want as few issues as possible to avoid delays, especially if there are legal reasons for wanting to sell quickly. We work exclusively with a trusted network of real estate investors located throughout the country. These investors come with a proven track record and are thoroughly vetted to ensure they are experienced, professional, and the right fit for you.

There are some bad apples in the real estate investing industry. We save you the hassle of dealing with them by vetting every investor and only recommend investors you can trust.

SolidOffers is not an iBuyer. We do not charge commissions, so our service comes at no extra charge to you.

Our goal is to streamline the home selling process. We make it easy to sell your house faster, with less stress and less money. You choose when to close, so you can move when you’re ready to, and skip the cost of a storage unit. Contact us today, and let’s talk about how we can help you sell your house fast.

when to lower your asking price on a house

When to Lower Your Asking Price on a House

Home » sell for cash


Has your house been sitting on the market for a while? Have you gotten any offers? You just don’t understand it: it’s a seller’s market, and maybe you chose the best time of year to sell, but still you have no offers. Perhaps the issue, then, is your asking price.

When is it time to consider a price reduction? And by how much should you lower your price?

4 Signs You Should Lower Your Asking Price

How long has it been on the market?

A house that’s set at the right price from the start will get offers within the first few weeks. If it’s been 5 weeks or more since you listed, it may be time to lower the price, or even delist it.

Delisting your house gives you a chance to make improvements and relist later, so the listing is “fresh” again.

Listen to Buyers

Have you had multiple showings but received no offers? This is an obvious red flag that something’s wrong.

Do not be afraid to ask buyers and their realtors for feedback. If the majority say, “It’s too expensive,” or “Out of our budget,” or the like, then it’s time to drop the price.

Know Your Market

We’ve been in the midst of a seller’s market for some time now. A lot of buyers are shopping the market, but inventory is low. Most times, this means properties sell faster, but the market does not guarantee a sale if the price is too high.

Search comparable properties in your area to answer the following:

  1. Are they selling fast or lingering?
  2. If they sold, how much did they sell for?
  3. What is the average time a house sits on the market (in your neighborhood)?
  4. How many houses (in your area) had a price reduction?
  5. How long did it take houses to sell after a price cut?

If you’re past the sell-by-date for your area, it may be time to cut the price or delist for a while.

Your Property Appraised Low

Buyers who take out a mortgage are required to appraise a property to confirm its value. If the house appraises too high or too low compared to the selling price, the lender may refuse to loan them the money.

Sellers should get an appraisal of their property to find out its true value and decide its asking price.

By How Much Should You Cut the Price?

Choosing when to reduce the price and by how much is never easy. The timing is important, and the price reduction must be worded just right so as not to raise buyer suspicion.

If the price is too low, buyers will think there’s something wrong with the property, and you may lose thousands of dollars. If it’s still too high, buyers will continue to avoid it to save their time and budget.

Most times, the average price cut is 2.9% of the list price. Your best ally, though, in changing the price is your real estate agent. They can tell you if the price is too high or unrealistic, and they should have an understanding of market trends to properly evaluate your property.

4-Point Price Reduction Strategy

  • Act Fast: if the number of showings versus offers in the first few weeks is not good, don’t wait to reduce the price. Otherwise, you may have to delist.

 

  • Be Realistic: sometimes a price adjustment, even one that’s slightly lower, is worthwhile, compared to accumulated mortgage payments and utility costs over the time of the listing. Ask yourself: what’s the lowest you can go but still make a profit?

 

  • What are Other Sellers Doing: again, look at comparable properties, with or without price cuts, and how long it took them to sell.

 

  • Reduce the Price ONLY Once: multiple small reductions go unnoticed by buyers. Make a single significant cut to jump-start interest in your property.

Sell for a Price Cut Out in Cash

Rather than speculate markets, buyers, and prices, consider selling to a real estate investor for a cash offer. Most investors pay cash for a property “as-is”, without warranties, inspections, or repairs. They cover all closing costs and additional sale fees, but you pick the closing date, which can be in several months, 30 days or less.

Most investors pay 70% of the market value AFTER repair value. But if the property is in good shape and in a good location, they’ll pay the market price or 2% to 3% less, which is still more than most sellers get with a traditional sale, since their agent takes a 3% to 6% commission.

home seller nightmares frustration

8 Home Seller Nightmares and How to Avoid Them

Home » sell for cash


Every house sale has bumps in the road. Some are unavoidable, while others can be prevented or resolved by the right means and with the right resources. Here are 8 possible issues that can quickly turn selling your house into a nightmare, and what you can do to prevent them.

1. Structural Issues

Structure damage to the foundation or underlying structure of the house, mold, termites, flood, or fire damage, all deter buyers from making an offer. The bones of your house should not be compromised.

Have an inspector come through, then resolve all issues before listing the property.

2. Lender Drops the Ball

Though rare, it is not impossible for a buyer to get a bad lender. Lenders are responsible for paperwork, necessary filing, and approval of the loan. If they misplace documents or miswrite information, your house sale can drag on and cost you more money.

Since the buyer chooses their lender, there’s not much you can do. But your realtor can nudge things along and keep an open channel of communication between you, the buyer, and their lender.

3. Buyer was Pre-Qualified, but Not Pre-Approved

It happens more often than you think: a buyer gets pre-qualified for a loan, but not pre-approved. The reason is pre-approval requires a more rigorous screening process, and a bad credit score or outstanding debt is often met with rejection.

To avoid this situation, require your buyers to submit a letter of approval from the lender when they put in an offer.

4. Faulty Appraisal

The lender requires an appraisal of your property to confirm it’s worth the loan amount. If you live in a hot market, and properties in your area are selling for more than the asking price, your house may not appraise well. A bad appraisal can result in the buyer not getting their loan.

To combat this, your realtor should gather property appreciation values in the area to argue the appraised value, or negotiate adjustments to the purchase agreement.

5. Repairs are Not Made in a Timely Manner

When a home inspection finds issues, buyers ask for repairs. You hope repairs will be fast, easy, and affordable, but sometimes you get a bad crew, or they uncover additional problems. Either way, the longer repairs take, the more money you lose, and the buyer may find a more attractive deal elsewhere.

Again, the best thing you can do is get your property inspected before listing. You can then calculate costs and project a timeframe for repairs, and screen professionals to make repairs.

6. Bad Realtor

Your real estate agent can make or break a deal. A good agent should do everything in their power to find buyers, gather offers, and expedite the sale process. They should also care about getting you a great offer since they take a 3% to 6% commission fee.

Do your research. Screen realtors carefully and check online reviews. Ask friends or family if they recommend a realtor. Look for someone who is knowledgeable and experienced, but also likable and tech-savvy.

7. Property Sits on Market, But No Attention

You can do all the right things, but the longer your house sits on the market, the less attractive it becomes. Buyers think a house that sits too long must have something wrong with it.

You can offer financial incentives and/or price it below the market value to spark new interest.

8. Bad Neighbors and Other Put-Offs

You cannot help where you live or who lives next door to you. Bad neighbors run off buyers with their eyesore lawns and loud, nosy personalities.

But maybe it’s not your neighbors. Maybe your property sits near an airport or busy highway or is in a bad part of town. If it’s outdated, cluttered, or in desperate need of maintenance – these are all issues that make a house unsellable.

Some things you cannot fix. The best you can hope for is to sell to a desperate buyer or a real estate investor.

Sell Your Nightmares to an Investor, aka The Dream Sale

Real estate investors will buy properties, with cash, in any location in any condition. The house can be damaged, rundown, or a hoarding space – they will buy it “as-is.” Investors also void traditional sale warranties and inspections and pay all closing costs and additional sale fees.

You can walk away from your problem property in less than 30 days, forgo home seller nightmares, and use the cash proceeds for a down payment on your new dream home.

calculator real estate agent fees

How Much Do Real Estate Agents Get Paid? Fees House Sellers Should Know

Home » sell for cash


Real estate agent commissions take the biggest cut of your house sale. Is it worth it then to even hire an agent or realtor? Or should you sell your house for sale by owner (FSBO)? Here is a rundown of real estate agent fees to help you decide.

What Are You Paying a Real Estate Agent to Do?

Seller agents may do the following:

  • Assign a fair, accurate price to your house.
  • Market your house across the MLS, social media, and print marketing.
  • Schedule walkthroughs.
  • Advocate for you when dealing with house inspectors and appraisers.
  • Help negotiate terms of sale between you, the buyer, and buyer’s agent.

How Much Does a Real Estate Agent Get Paid?

An agent earns commission upon sale of the house. Typically, their cut is 6% of the sale price, though a recent survey shows the national average is 5.45%. This downward trend is attributable to competition and a shortage of houses for sale in certain markets.

You can negotiate agent fees by arguing these points:

  • Time it takes to sell: if the house sells fast (in less than a month).
  • Anticipated sales price: if your house is priced high (e.g., $500,000s and up), a low rate is still a good chunk of change.
  • Buyer’s agent: if there is no buyer agent for the commission to be split with.
  • Agent’s workload: if you take on some responsibilities in the home sale process.

 An Agent Does Not Keep What They Earn

An agent does not keep all of the commission because they do not act alone. Most agents work under a real estate broker. The broker, then, takes half of the agent’s commission.

The seller agent then splits the commission with the buyer agent, and they with their brokerage. If we do a quick calculation, as an example, here is how it might play out:

  • Your house sells for $250,000;
  • 6% of the sale price is $15,000;
  • each brokerage gets $7,500; and
  • the brokers each pay their agents $3,750.

Once paid, your agent has to cover expenses. These include membership dues to real estate institutions and technology, but also money spent to market your house. You can see then that an agent does not make a huge profit. That is why they handle multiple house sales at a time.

Who Pays the Real Estate Agent?

You, the seller, pays both the buyer and seller agents. True, the buyer is purchasing your house, but it is out of your profit that the 6% is paid to these agents.

Instead of an Agent, Sell to an Investor

If you want to forgo agents and commission rates, consider selling to an investor. Most investors will make a cash offer on a house, regardless of how it looks and without a buyer agent. You, then, only pay your share of closing costs. You enjoy a quick closing and a profit which you then use as a down payment on your next house.

Cash offer considerations when selling your house

Cash Offer Considerations When Selling a House

Home » sell for cash


Selling a house is stressful. Between regular cleanings, walkthroughs, and negotiations with buyers over the price, it is no wonder sellers dread the process. If you are in a well-off market or competitive location, you will encounter cash offers. In general, here are the cons and pros to consider before accepting a cash offer for your house:

Cons of Accepting a Cash Offer

Con #1: Less Cash

Cash buyers typically fix up and flip the houses they buy. To cover renovations, they offer less than the asking price. This amount may be as low as half the potential house’s value, depending on its condition.

Con #2: Buyers Are Not Vetted Thoroughly

Sellers who are desperate to sell fast may not research the cash source as extensively as they should. Do your due diligence on buyers to avoid scams or use SolidOffers. We verify all buyers for you and find the best fit.

Pros of Accepting a Cash Offer

Pro #1: A Faster Closing

With a typical buyer, the sale process takes a month. Cash offers usually take two weeks to close because there is no lender. A faster closing means you can move out of your old home faster and into your new home more quickly. This is good for sellers who are relocating for a job or need a bigger home for their growing family.

Pro #2: Less Risk of Buyer Fall-through

A big concern with a typical buyer is they will not be approved for a loan. If this happens, the buyer backs out of the deal, and you start the selling process all over again. A cash offer is guaranteed money. This means a cash buyer must show proof of funds.

Pro #3: Fewer Contingencies

All-cash sales get rid of annoying contingencies. First, there is the financing contingency. This lets buyers back out if they cannot secure a mortgage.

No mortgage means no appraisal contingency. You might still consider getting an appraisal, though, so as not to get less than the home is actually worth.

Finally, you do not need to worry about a home sale contingency. This contingency lets buyers back out if they do not sell their current home.

Pro #4: Fewer Fees

Cash offers save fees for both buyers and sellers. There are no mortgage fees, no appraisal fees, and sellers can forgo repair costs. There are also no fees for a realtor or professional cleaning and staging services.

Pro #5: Less Work and Stress

All the time and worry a seller spends selling a home disappears with an all-cash offer. You do not have to be concerned with cleanings, inspections, repairs, staging, or walkthroughs. You skip back-and-forth negotiations with buyers and close fast.

Get a Cash Offer from a SolidOffers Investor

SolidOffer verifies all investors, so you always know they can pay what is agreed. Selling your house can be done quickly. You have the flexibility to choose your closing date within 7 days or less. Investors (or investment companies) will make a cash offer on the house, regardless of its condition. Their terms of sale are creditable and legal, and the interests of both parties are considered. You can feel good about the sale, get money fast, and offload your old house.

how to sell house fast in 5 days cash

How to Sell a House in 5 Days

Home » sell for cash


Sometimes life throws you a curveball, and you find yourself needing to pack up and move. It could be the family is growing, or maybe the kids move out, and now there is too much room; other times, it is a change in careers or relocation. Whatever the reason, you need to sell your home fast. Here are 5 tips on how to sell your house in 5 days.

Tip 1: Offer Financial Incentives

Buying a home can be just as stressful as selling one. Buyers can feel intimidated, especially if this is their first home. Offering incentives can help buyers feel more confident and satisfied with their purchase. Incentives can include paying the first year of the home warranty or the first couple months of HOA fees, paying for part of the closing costs or repairs found during the home inspection, or including furniture and appliances with the home.

Tip 2: Price Your Home Below the Market Value

Buyers who watch the home market in your area are more likely to jump at a property that is priced at least 5% lower than the competition. If you receive several offers, you might spark a bidding war to get the best deal, which might be above your asking price.

Tip 3: Stage the Home Properly

Nothing puts off buyers like a crowded home. Sell what you do not need and get rid of clutter before cleaning and staging the rooms. You want to depersonalize and decorate so when buyers walkthrough, they can imagine themselves living in the home.

Tip 4: Make Necessary Repairs

If a home inspector finds issues with your home, it can slow the sale progression or put a buyer off completely. Consider hiring an inspector before listing the home to identify and fix those issues that might deter buyers.

Tip 5: Sell to an Investor

Selling to a buyer can take more than 5 days since most homebuyers have to get approved for a loan, and there are other delays like the appraisal and home inspection. At best, you might get an offer from a buyer in the first 5 days you list the home for sale. If you want to sell fast and forgo incentives, staging, and repairs, consider selling your home to an investor. Most investors will make a cash offer on a property regardless of its looks or state of repair. A cash offer saves you the time spent waiting for a buyer to get bank approval, and you actually save money with zero closing costs, repair, or cleanup costs. You can enjoy a quick, flexible closing in as little as 5 days and transition to a new home for that next stage of life.

solid offers What is an investor example of fix and flip

What is a Real Estate Investor?

Home » sell for cash


You have probably seen television shows and advertisements, but what exactly is a real estate investor?

The better question is not what, but who is a real estate investor. Although an investor may represent a corporation, most of the ‘House Buying’ companies you might come across are small businesses owned by a local hard-working entrepreneur. Like any small business owner, they intend to provide for their family and positively contribute to the community in which they live.

What Exactly Do Investors Do?

As you have likely surmised, real estate investors work with the homeowner directly to purchase their property. This direct connection eliminates the need to place your house on the market, make repairs, or hire a real estate agent.

Although there are several different types of real estate investors, which we will discuss shortly, they all tend to offer the homeowner the same incentives: a fast cash offer, an easy escrow, an ‘As-Is’ purchase, and a closing timeline that suits the seller.

How Does It Work?

Every legitimate investor aims to create a win-win situation with the homeowner. For the investor, this most often translates into a reduced purchase price on the property. For the property owner, this could mean:

  • Peace of mind of knowing their property is sold,
  • Not having to make repairs,
  • Being able to avoid caravans of traditional buyers walk through their house,
  • Not having to worry about a bank or lender as the reason their property falls out of escrow,
  • Not paying 5% to 6% of the house pricing to an agent,
  • And, unlike with a traditional sale, the owner can move on the date most convenient for them (be it in a week or a year) without having to worry about the buyer backing out.

Most sellers agree that the slightly higher price they may have gotten for their house on the open market is more than compensated for by the ease and stress-free experience of selling to a professional investor. Not all investors have the same end goal for your property; however, it is worth knowing the differences.

The Two Primary Types of Investor You are Likely to Meet

  • Fix and Flip… aka Flippers

Thanks to popular home-improvement TV shows, the Flipper is probably the best-known type of investor. These investors, who are often contractors or work closely with one, look for houses that need some TLC or have untapped potential. By remodeling or renovating, Flippers can raise the property’s value and (hopefully) sell for a profit. 

Despite what is so often portrayed on television, fixing and flipping a house, as a rule, is stressful rather than glamorous. Even with the most careful planning, construction costs always come in over budget. Issues arise with city permits and inspectors, and the renovation takes far longer than planned due to unforeseen complications. The housing market may dip. And every Flipper’s worst nightmare, the house sells for far less than projected. Meaning that the investor takes a financial loss of thousands to hundreds of thousands of dollars. For these reasons, flipping is a high-risk endeavor that is not for the faint of heart. 

  • The Buy and Hold… aka Rental Owners

Buy and Hold investors, similar to Flippers, often purchase properties in need of renovation. But rather than fixing the property to sell it, these investors renovate the property to turn it into a rental. This is a long-term investment technique since each property requires years of steady rent before the investor makes their money. And, as with trying to fix and flip a home, there is never any guarantee of success.

As any homeowner knows, a house requires constant upkeep and maintenance. Even with proper care, things go wrong. The furnace breaks, the bathtub overflows and damages the flooring and subflooring, the dishwasher stops working, and so on. Such expenses are part of owning property but add in tenants who fail to pay rent and/or intentionally damage the property, and the investor can kiss their revenue goodbye. Nothing is risk-free, and the investor knows this going in.

Finding the Right Investor

95% of real estate investors are local hard-working professionals who will take care of you every step of the way. As with every industry, however, there are going to be a few bad apples. These bad apples typically represent 5% or less of the industry, but you still have to watch out for them. And with so many investors out there, it can be hard to know who to trust. 

This is why SolidOffers.com works exclusively with a trusted network of real estate investors located throughout the country. These investors come with a proven track record and are thoroughly vetted to ensure they are experienced, professional, and the right fit for you. If selling your house through a local investor is an option you have considered, or would like to explore a little further, then reach out, or use the platform provided by SolidOffers, to find a trusted investor in your area.

solid offers Process of selling house for cash to investor

What’s the Process of Selling a House for Cash – Part 2/2

Home » sell for cash


This is part two of What’s the Process of Selling a House for Cash.

You got a cash offer! It’s always exciting to have an offer in hand, but you will want to make sure the offer fits your needs. There is no secret formula to figuring out exactly how much your house is worth and how much you should sell it for, but there are some things you can do to make sure it is a fair cash offer.

Evaluating the Cash Offer

  • Take a look at the real estate market in your neighborhood. Keep in mind, your neighbor’s house may currently be listed at an attractively high price. It is only worth what someone ends up paying for it. For this reason, focus on the properties that have recently sold. What kind of condition were they in? Did they remodel or fixed up before selling? Were they larger or smaller than your home? Comparing these homes to yours, and adjusting for repairs, can give you a ballpark figure of your house’s value.
  • What is your situation and circumstances? Maybe the money is less important to you than just selling the house and being done with it. This often occurs when troubled tenants are in place or unforeseen issues have arisen that require an expedited sale.
  • Hire a professional appraisal. Although hiring a professional appraisal company costs money ($300-$750 on average, depending on the size of your property), they can provide an estimate of your house’s value. However, this is only a ballpark figure, which may or may not have an impact on your end sell price. If a professional appraisal is something you want, be sure to find a trustworthy company that will take all the necessary steps to provide you with the most accurate value possible. 

For an investor to buy your house, it has to be a good fit (and a fair price) for them as well as for you. This means they must consider the costs and expenses they will incur to purchase the house, fix it up, and then either rent it or sell it.

For your part, consider the expenses you would incur if you were to sell it traditionally. These include repair costs, mortgage payments, utilities, taxes, real estate commission fees, closing costs, etc. 

Asking Questions

An offer in hand is great, but that is just the start. There is much more to selling a house than just the price. Asking your buyer’s right questions will help ensure your expectations are met throughout the entire selling process.

  • Can the buyer close in the timeframe you want?
  • Will the buyer be using a local Title and Closing company to ensure the transaction is handled properly and legally?
  • Will there be an earnest money deposit?
  • What kind of contract/purchase agreement will they be using?
  • Did they ever back out of a deal after the paperwork was signed?

The questions above are a good start, but they are only that. If you are not clear on an issue, ask. A professional house buyer will be able to answer all of your questions without hesitation.

Signing the Contract

If the cash offer sounds fair to you, the next step involves signing the contract/purchase agreement. Purchase agreements come in all lengths and sizes. If you don’t understand a clause, ask. If there is something on the contract you don’t like, bring it up with the buyer. More often than not, changes can be made to the agreement to fit both parties’ needs. If you disagree with terms or clauses, don’t sign it until those issues are resolved. It is always your right to have an attorney review it before you sign it.

Every contract, regardless of length, should include the purchase price, the length of the escrow (the final closing date), the agreed-upon earnest money deposit amount, and the name of the title or escrow company that will be used (if this has been agreed upon). Once the contract meets your approval and both parties sign, then it is almost time to celebrate the sale of your house. First, however, comes the closing process.

The Closing Process

Once the price is agreed upon, and the contract is signed, the process’s remainder mirrors any traditional home sale. The agreed-upon title/escrow company will search the county records to ensure there are no liens or encumbrances on the property and that all parties involved in the transaction are who they say they are. 

The only difference you may notice between a traditional home sale and selling to a cash buyer is the time involved. Without a lender in the middle, a cash buyer can close within seven to fourteen days. On the day of closing, you will sign the final documents with the title/escrow company and hand over any keys to the property. Once the documents are all signed by the buyer(s) and seller(s), the title/escrow company will make certain you receive your funds for the property. Most companies will either wire the money directly into your preferred bank account or issue a check that can be either picked up from their office or delivered via a certified carrier. 

That’s it! Congratulations. You SOLD your house, and the money is in your pocket. 

After the Closing

Take your money and relax in your new home. Or, if the opportunity arises, go on vacation. Selling your property can indeed be a lengthy, complicated, and drawn-out endeavor, but a cash buyer means it doesn’t have to be. Within a week or two of deciding to sell your house, and with the right house buyer, you can have it sold and experience nothing more than a pleasant memory. 

Of course, selling to an investor for cash isn’t for everyone. Make sure to ask the right questions and pick the buyer that is the right match for you.

solid offers Process of selling house for cash to investor

What’s the Process of Selling a House for Cash – Part 1/2

Home » sell for cash


Not everyone can come up with all that cash to buy your house. Still, several individuals and companies, typically investors, have both the experience and expertise to do exactly that.

Who buys houses for cash?

Most house buying investors fall into one of two categories (though there certainly may be overlap).

  • The investor may be looking to Buy and Hold. This type of purchase is especially popular amongst those investors who buy properties to rent them out to suitable tenants.
  • The second type of investor is known as a House Flipper. This is the kind of investor you may have seen on a TV show. As the name suggests, he or she will purchase your house at a discount, make repairs or remodel completely, and then sell the property in the hopes of making a profit. 

Depending on the investor and your particular selling needs, the buying/selling process will vary. There are, however, several steps that tend to remain the same and which you can expect, no matter who the cash buyer is and what your selling needs are.

Finding your Cash Buyer

Selling your house is a big deal, and you want to sell it to somebody you can trust. Here are a few great ways to help you find the right cash buyer for your property.

  • Network of Trusted Buyers: One of the best ways to guarantee you are dealing with a reliable buyer is staying with a trusted network. SolidOffer.com provides a simple online form to match you and your property with a trusted local cash buyer. Each buyer has been thoroughly evaluated to ensure they have the qualifications and experience necessary to purchase your house. There are absolutely no obligations on your end, and the best part is that it takes mere minutes to find you the perfect match.
  • Google/Yahoo/Your favorite search engine: It will take some work and research, but you can find cash buyers by searching online. Not all, but most investors will have a website where you can find out more about them. However, having a website doesn’t make them trustworthy. Be sure to look for legitimate reviews on each company before calling them.
  • Ask Around: This may sound old fashioned, but sometimes the best way of finding a cash buyer for your house is by talking to friends and neighbors. If someone you know and trust has had a positive experience with a local cash buyer, then the odds are good that they’ll be a good fit for you as well.

Once you find your cash buyer, whether through a trusted network or a friend, you’re going to want to review the next steps of the process carefully.

Meeting your Buyer

Once you contact your buyer(s), they will want to know more about your property. They may want to schedule a visit or ask for photos. This generally happens within 48 hours, though most investors are happy to work around your schedule.

Don’t worry about the condition of your property. Investors are accustomed to dealing with all kinds of properties, whether lovingly care for, needing repairs, or rented out to tenants from hell. Typically, the buyer will walk around the property, ask you a few questions, and make an offer on the spot.

Remember, just because they make an offer on the spot doesn’t mean you have to accept it. 

The next step is Evaluating Your offer. Continue reading in part two of this article.

Family of home sellers glad that they can sell their house for cash

Top 3 Reasons to Sell Your House for Cash

Home » sell for cash


As nice as it might sound, selling your house for cash doesn’t mean that someone is going to show up at your door with a duffel bag full of greasy cash. A cash purchase means that the buyer, who is usually an investor, has the funds available and does not need to borrow from a lender to buy your house. Is that good? It sure can be! Why is that good? Glad you asked.

Here are just a few reasons it can prove advantageous to sell your house for cash.

  1. Banks only authorize a loan after appraisal, inspection, and contingency meet the requirements. With a cash purchase, you won’t need to worry about any of that. It’s just you and the buyer agreeing on a price.
  2. Banks and lenders don’t care if you’re in a rush or want to sell your house and be done with it. On average, the loan approval time is 45 days (if nothing goes wrong). In a cash deal, the seller and buyer can close as quickly as they like.
  3. Without a lender in the middle, you can avert many unknowns and potential problems, for example:
    • The bank can decide not to lend to the borrower, and the deal falls through.
    • The house can fail inspection and not qualify for the loan.
    • The lender may require certain items on the house to be fixed to meet their loan requirement.

However, with a cash deal, you don’t have to worry about any of the things a traditional home seller does.

You have the peace of mind knowing that the deal isn’t going to fall through. No worries that the lender decides your house isn’t worth the purchase price, or they do not think the borrower should qualify for the loan.

Want to know how to find a cash buyer and the process from offer to closing? Then read our article about the process of selling your house for cash.