Homeowners looking to sell quickly may be drawn to real estate companies offering cash offers for your house. These professional investors usually purchase properties without needing renovations and often close quickly; making offers on property condition based on their evaluation – sometimes using personal funds rather than bank financing for purchase transactions.

These companies, which vary significantly in services and fees, also offer flexible terms of sale such as flexible closing dates. On average, however, these firms tend to pay less than traditional real estate agents would for your property and may take on any necessary repairs themselves.

Selling to these companies typically begins by providing some basic information online or by phone. Once received, a representative from the company typically visits your property to perform an in-person assessment (although some will evaluate homes completely online) if they are satisfied with its condition, making a cash offer within 24 hours – homeowners don’t have to accept, though many do choose.

After walking through, if the seller finds that their home inspector’s report has exaggerated problems or costs of repairs are excessive, they may request lower offers or bring in their own experts to reevaluate findings. While this may damage relations between inspector and seller, this course of action should only be pursued for serious issues such as major structural damage or termite infestation.

Once a seller accepts an offer from a buyer, they will enter into an agreement stipulating the details of the sale. A real estate attorney or CPA should review this contract to ensure it’s fair and protects both parties involved in the deal. In addition, proof of funds should be requested from each potential purchaser so the sale can close successfully.