A clear cash sale starts with clear expectations
A direct sale can involve fewer moving parts than a financed retail sale, but the important details should still be clear before you decide. Here is the process in three practical stages.
1. Share the property details
Provide the address, occupancy, general condition, known repairs, and the timeline you are hoping for.
2. Review the written offer
Look at the price, deposit, contingencies, seller-paid costs, access terms, cancellation rights, and proposed closing date.
3. Complete title and closing
Title, liens, taxes, settlement figures, and the required closing documents are handled before ownership transfers.
What to check in the offer
- Purchase price: the amount being offered for the property.
- Conditions: inspection, financing, partner approval, or other contingencies.
- Seller costs: fees, credits, closing costs, or deductions from proceeds.
- Timing: the proposed closing date and anything that could delay it.
Questions worth asking
- Is the buyer purchasing directly or assigning the agreement?
- What happens if an inspection or title issue is discovered?
- When can either party cancel the agreement?
- What happens to the deposit if the transaction does not close?
Want to talk through the process?
3Rivers Homebuyers can review the property information you provide and explain the next step. You can compare the written terms with your other selling options before making a decision.