We get it – selling your home isn’t easy. In fact, it’s more of a juggling act. On one hand, you want to sit around and wait for the perfect offer from the right seller – I mean, who wouldn’t? On the other hand, you need to speed things up because you’re on a tight move-out schedule yourself – you can’t wait forever!
While there are certain things the seller can do to speed up the process and incentivize buyers to send a quality offer, there are also a lot of things buyers can do to sweeten their offer and incentivize the seller to accept the offer. Considering how grueling the closing process can be, this is one area buyers can target.
So, what does closing mean in real estate?
The closing process is the final step in the home-selling process. It’s where all outstanding fees are paid by both the seller and buyer, escrow funds are cleared and wired to the seller, official documents are signed by both parties, and ownership of the property is transferred to the seller – meaning a done deal!
The closing process is one of the more stressful aspects of selling a house. There’s a lot of uncertainty as you await the lender’s appraisal and approval, often delaying the transaction and extending the closing period beyond what you originally felt comfortable with, causing you to change your own move-out plans.
On average, sellers can expect the closing process to take anywhere from 30 to 60 days, but usually less than 45 days with a mortgage. Of course, you can speed that process up and reduce the time it takes to close dramatically by selling the house as-is to a cash home buyer – it’ll usually close in less than a week.
There are a lot of other factors that could delay closing day – here are some of the most prominent:
Being prepared, organized, and smart throughout the home-buying and/or home-selling process can help minimize the risk of delays – which, in turn, helps minimize the frustration, stress, anxiety, and headache that often comes with it. If done correctly, you could close the sale in under a month – if not even sooner!
Not every seller has the time and/or patience to sit around and watch their closing day face one delay after another. On the other hand, not every seller is looking to close right away, and some sellers might need more time before they move out. Either way, flexible closing options are a win-win for all involved.
Let’s take a look at some of the incredible benefits of offering flexible closing options:
Whether the seller needs to be out quickly or needs some time before closing the deal, a buyer with flexible closing options can cater to the seller’s needs better than any other buyer. This, of course, gives the buyer a leg-up on his competition and incentivizes the seller to choose his bid, even if it’s lower.
There’s an art to buying a home, but most buyers don’t appreciate that art – and it often results in buyers being overlooked by better offers. Buyers who only think about themselves and only cater to their own needs will have a hard time finding a seller who’s willing to deal with their strict and/or firm guidelines.
Here are some of the different ways a cash home buyer can offer a flexible closing option:
The more flexible you are with your closing date and closing options, the more attractive your bid will be to the seller. At the very least, it’ll grab their attention and will be worth a second look – which not only increases visibility, but increases your chances of starting a serious negotiation with the home seller.
Have you had a series of bad closing experiences with previous buyers? Are you trying to find a buyer with flexible closing options? Do you need to sell quickly and want to avoid having to make repairs and improvements? Are you trying to find a buyer who’s okay with waiting a couple of months before closing?
If you answered ‘yes’ to any of the questions above, then you’ve come to the right place. At Sell Your House Fast Mississippi, we like to cater to the seller when it comes to the closing process – we’re in no rush to buy, but we can rush as fast as you need us to. Contact us today to get the process started!
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