How Quickly Do Cash Buyers Close?

Have you ever tried selling a home quickly only to get frustrated by how long closing seems to drag on? In all fairness, there are a lot of steps involved, and all of them take time. That said, if you need to close quickly, you might have better luck selling to a cash buyer. So just how quickly do they close?

Typically Faster than Traditional Buyers…

On average, it takes 30-45 days to close the deal on a house with a traditional buyer. In comparison, closing a cash sale can take between 4-10 business days. What makes the difference? There are a few factors that can be at play, but the biggest one is that there isn’t a lender involved in a cash sale.

… But Not Always

That said, the lack of a lender alone isn’t always enough to significantly cut down the time it takes a cash buyer to close. Lenders are typically the ones requiring things like inspections and appraisals, but that doesn’t mean that a cash buyer wouldn’t want them done even without a lender involved. A significant discrepancy between a home’s appraised value and your asking price could extend negotiations. If an inspection turns up problems, you may be asked to have them fixed before everything is finalized. Both can extend the closing timeline.

The Professional Cash Home Buying Difference

If you want a cash buyer who can close quickly no matter what, you need a professional home buying company. These cash buyers have made a business out of buying homes with money they already have. WNY Home Buyers doesn’t need an appraisal done and won’t ask you to do any repairs before selling your home to us. We can move from making you an offer to closing and putting cash in your hand in as little as 7 days. If that doesn’t work for you, we can close on your schedule. Our goal is to make this as convenient for you as possible.

Finding the right buyer for your home will have a huge role to play in how quickly you’re able to sell your home. If you need a quick sale, a cash buyer could be just what you need. They can often close faster than traditional buyers, though that isn’t always the case. That said, when it comes to a fast close, a professional home buying company is hard to beat.

Do you have other questions about selling your home to WNY Home Buyers? Click here to find answers to some of the most common questions we get today!

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