Buying a house requires a large investment, and many people choose to purchase their homes with the help of mortgage loans. However, a cash home buying process is also possible and can save you time and money. A cash sale is a fast and simple process for both buyers and sellers. The average mortgage loan takes about 43 days to close, but a cash home can be sold in just two weeks or less. Unlike a conventional mortgage, cash sales do not require home inspections, appraisals, or lender-mandated mortgage insurance.

Real estate attorneys arrange the paperwork and help buyers and sellers sign contracts during a home cash transaction. They may also conduct a municipal lien search and order a title report for the property. The home buyer will usually pay closing costs, including transfer taxes and escrow fees. The deed is then recorded at the local county clerk's office.

A cash offer from a home buyer can make a seller feel confident that the sale will go through, because there is no risk that the borrower will change their mind or default on the loan. But it's important for a home seller to choose a reputable cash home buyer who understands the legal processes and steps that must be taken to ensure a successful sale and a positive customer experience.

Homebuyers who pay cash usually provide evidence of their funds within days of a home purchase agreement, or even prior to signing a contract. This proof of funds, or "proof of liquidity," can be in the form of a bank statement or other certified financial document.

One big reason why homeowners sell to cash buyers is that they can get a better price for their home. A cash offer can often beat a competing offer from a buyer who is financing the purchase with a mortgage loan, especially in a competitive market.

Moreover, homebuyers who pay cash are more likely to stay committed to the process and close on their home quickly. This can be a big benefit for sellers who want to relocate or sell their home quickly.

When deciding to work with a home buyer who pays cash, consider the following tips:

Find a reputable real estate attorney who can handle your property transaction. They'll know the process inside and out and can ensure a smooth, seamless closing. Look for a firm that offers a free consultation and has a track record of success.

It is a good idea to choose a firm that is local, as they will be familiar with the area and market and can help you negotiate a fair price for your property. They will also be more responsive if you need to sell your home quickly. If you have any questions or concerns, feel free to contact the company directly and ask them.