The Process of Selling Your Home for Cash Explained

Whether you’re selling your home for the first time or you’ve done so before, the real estate closing process is a complex one. Typically, more than several parties are involved, including the real estate agent, the buyer, an escrow company, lenders, a title company, and sometimes even a real estate attorney.

However, when you accept an all-cash home offer, the selling process is much simpler. Fewer parties are involved, less paperwork, the closing timeline is often faster, and there are fewer chances of the deal falling through.

By this point, you may be wondering how exactly a cash home offer works. If so, you’ve come to the right place!

At Space Coast Capital, not only are we a full-service company, but we’re also seasoned professionals who buy homes for cash. When it comes to the process of selling your property for cash, we’re experts.

In this blog, we are going to:

  • Discuss what an all-cash home offer is

  • Talk about real estate closing times for standard and cash purchases

  • Break down every step of the selling your home for cash process

Image of cash home buyer signing closing documents for home purchase
The Process of Selling Your Home for Cash Explained

Table of Contents:

  1. What Is An All-Cash Home Offer?

  2. What Are The Real Estate Closing Timelines?

  3. The Process of Selling Your Home for Cash Explained in 5 Steps

  4. 1. Review and Sign The Contract

  5. 2. Verify The Proof of Funds

  6. 3. Hire Escrow and Title Companies

  7. 4. Pass The Home Inspection

  8. 5. Review and Sign Closing Documents

  9. Conclusion

People Also Ask:

Is selling your home for cash a good idea?

Selling your home for cash could end up saving you thousands of dollars in closing costs. It’s common to save on document fees, appraisal fees, loan fees, and credit checks.

Why would someone sell their house for cash?

While reasons for selling a home for cash can include job relocation and divorce, the most common reason for selling property to a cash buyer is financial.

What Is An All-Cash Home Offer?

An all-cash home offer is when an individual buyer or a home-buying company purchases property outright, with no third-party or bank financing involved. To close the deal, cash home buyers must show proof of funds and transfer the funds electronically with a cashier’s check.

All cash offers usually come from two types of home buyers:

  1. Individual Buyers: Someone who plans to live in your home themselves, purchasing your property without the help of a bank.

  2. Real Estate Investors: A company that can buy your property outright and with cash.

What Are The Real Estate Closing Timelines?

Closing Timeline for An All-Cash Home Purchase - Because there’s no lender involved, the closing timeline for an all-cash home offer is often shorter. Once you’ve signed the contract, a cash sale can close as soon as two weeks - just enough time for the escrow and title companies to clear any liens, get the paperwork ready, and provide insurance.

Closing Timeline for A Financed Home Purchase - The usual closing time for a financed purchase (one where the buyer takes out a mortgage on the property they’re buying) is thirty days at least. Other typically closing timelines include forty-five and sixty days.

The Process of Selling Your Home for Cash Explained in 5 Steps

When accepting an all-cash offer for your home, it’s essential to know what to expect and what’s included in the process. That’s why our experts at Space Coast Capital have broken down the process into five steps.

We want you to have everything you need to help prepare yourself to undertake an all-cash home offer.

1. Review and Sign The Contract

Once you’ve accepted an all-cash home offer from a buyer, the first step in closing the deal and completing the purchase is “going under contract.” The term “going under contract” means that you’ve agreed to the contract terms and have signed the contract.

2. Verify The Proof of Funds

Since your cash home buyer uses their funds to close the deal, you want to make sure they have the money available. Usually, you’ll ask for proof of funds upfront and request this proof in the form of investment or bank statements.

3. Hire Escrow and Title Companies

Depending on the state, you might choose the title and escrow companies, or the cash buyer might. A title company is in charge of making sure the property lines are drawn correctly and that no property liens need addressing.

The escrow company manages all closing documents, oversees the funds transfer, and completes all legal paperwork records for the home sale. It's important to note that the same company can sometimes manage both the escrow and title responsibilities.

4. Pass The Home Inspection

Depending on the cash buyer, they may only offer an all-cash purchase after an inspection contingency. However, it’s common for all-cash deals to go through without the need for a home inspection, repairs, and renovations.

5. Review and Sign Closing Documents

If you’ve made it to this point in the home-selling process, then get ready to sign because it’s closing time!

The following are common closing documents that you can expect to review and sign to close the home deal:

  • Final Closing Instructions (a list of tasks to take care of before closing, etc.)

  • HUD-1 Settlement Statement (a document required by federal law detailing the accounting of all funds involved in the deal.)

  • Certificate of Title (a document you sign to swear you have the right to sell the property.)

  • Title Deed (proof of property ownership to a new owner.)

  • Loan Payoff Statement (document showing how much you owe a lender on closing day if you have a mortgage on the home.)

  • Mechanics Liens (a document showing that you swear no additional liens on your property.)

  • Bill of Sale (a document outlining any additional items on the deal between yourself and the buyer.)

  • Statement of Closing Costs (a document stating that you were told about all closing costs and other fees ahead of time.)

  • Statement of Information (a document stating that you swear you are who you say you are.)


Now that you’ve familiarized yourself with the process of selling a home for cash, it’s time to consider if accepting an all-cash deal is the right choice for you. Whether you’re looking to sell your property fast due to a recent life change or simply looking to move, you’ll find that working with cash home buyers is much faster and simpler.

If you’re interested in selling your home to a cash buyer, you can trust Space Coast Capital. Our real estate professionals have been purchasing properties all over the Florida communities of Vero Beach, Sebastian, Palm Bay, Melbourne, the beaches, Rockledge, Cocoa, Titusville, Daytona Beach, Ormond Beach, Deltona, Deland, and New Smyrna Beach for years.

Contact Space Coast Capital to start the process of selling your home for cash today!

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