A Simple Plan For Investigating Sales

Useful Tips to Sell Your House to a Cash Buyer

For one reason or the other you may come to a point where you have to sell your house. There are various ways you can get paid through the sale of your house. It’s a bit safe to receive payments through bank transactions but due to some unavoidable circumstances you need the money in cash. In this article we will guide you on how to be safe while receiving cash payments from your house buyer.

First thing to do before you sell your house for cash is that you need to put forward a contract or an agreement that will guide you through the house sale. The agreement includes the terms of sale, the mode of payment and the how long it will take to transfer the house. A real estate attorney will guide you through drafting the agreement to ensure that the sale will be legal. Both parties need to be in agreement of the contract before selling the house. The agreement provides a future reference in case there’s need to evaluate the deal. There is so much documentation involved during the agreement, hence you are saved from crooked buyers who have other motives but pretend to be buying the house from you. You need to ensure that you have an understanding with the realtor on how they will receive their commission after the payment is done.

Before agreeing to receive cash payments from the buyer of your house you need to ensure that your safety is guaranteed first. Due to the amount of money you are likely to receive then the location should be safe and secure. You can choose to receive the payment in a bank where you can deposit the money immediately to your bank account. If you don’t want to deposit the money then you need safety measures like a safe deposit that will guarantee that no one can have access to the money. Carry out a background check of the buyer to ensure that you are not dealing with a person involved in criminal activities. This will safeguard you from losing your money or the house. Ensure that you can differentiate real and fake money and that you are keen on counting.

Ensure that you do not transfer the house document to its new owner until you have received the full payment. This is applicable if you have an instalment payment agreement with the buyer. This is an assurance that the buyer will have to honour the deal in order for them to get the house documents and safeguard you from losing your house.

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