One question we get all of the time here at Jiffy Offer about our local Durham house buying program is, “Can you buy my house for cash in Durham or do I have to wait for a buyer to get a bank loan?“.
Great question and totally valid.
95% of all buyers of houses listed with a real estate agent go through the traditional “bank loan” process, which can take from 20-60 days from the time you accept their offer, to actually close on the property.
All the while you’re paying your mortgage payment, the utilities on the house, insurance, and a real estate agent commission at the end.
Keep reading this article to learn about our local “cash for houses in Durham” program and how we can close on your house in as little as 7 days.
“Can You Buy My House For Cash In Durham North Carolina?” – How It Works
Selling a house for cash can be a straightforward process, often faster and simpler than traditional home sales. Here’s how it works:
1. Find a Cash Buyer
- Real Estate Investors: Many investors or companies specialize in buying homes for cash, often for flipping or rental purposes.
- Companies (e.g., iBuyers): Some companies like Opendoor, Offerpad, or other local home-buying firms can purchase your house for cash.
2. Provide Property Information
- Once you find an interested buyer or company, you will usually need to provide basic details about the property (location, size, condition, etc.).
- In some cases, the buyer may visit the home for an inspection or appraisal, but others may offer based on public data and photos.
3. Receive a Cash Offer
- Cash buyers typically provide offers relatively quickly, often within 24 to 48 hours after evaluating the property.
- These offers are usually lower than market value to account for the quick sale and potential repairs, but the buyer offers the convenience of speed and simplicity.
4. Review the Offer
- Unlike traditional buyers, cash buyers don’t rely on mortgage approvals, meaning fewer contingencies (appraisal, financing, etc.). This reduces the risk of the deal falling through.
- Make sure to review the terms, such as the closing timeline, any fees, and what’s expected of you (e.g., repairs or cleaning).
5. Close the Sale
- Once you accept the cash offer, the closing process is faster compared to traditional home sales. You can close the deal in as little as a week or up to 30 days, depending on your agreement.
- At closing, you’ll sign the necessary paperwork, and the cash buyer transfers funds to you, usually via a wire transfer.
Benefits of Selling for Cash:
- Speed: Cash sales can close in a few days to weeks.
- Simplicity: No need to stage your home or list it on the market.
- Fewer Contingencies: Cash buyers often skip inspections or repairs.
- Certainty: No worries about buyers losing financing.
Here at Jiffy Offer, we’re a local professional house buying firm.
We buy houses for cash, fix up the property to beautify the house and the neighborhood and find another happy homeowner to buy the house.
The local house sellers we tend to work with usually need to sell their house fast… and the fastest way to sell a house is with a buyer who can pay cash. A cash house buyer helps you avoid having to wait for that buyer to get approved for the loan… and for that loan to work it’s way through the bank underwriting and funding process.
If you’ve ever gotten a loan from a bank to buy a house, you know how long the process can take.
If you don’t have the time to wait that long, that’s where we come in.
We can buy your house for cash, close quickly, and we pay all of the closing costs and fees associated with fixing up the property.
You get a quick, no-hassle sale.
You get cash in your hand on the schedule you need (in as little as 7 days), and we get the chance to help improve the neighborhood by doing any repairs or upgrades the property needs and getting a new home owner into the house as soon as possible.
So, yes…
We Buy Durham Houses For Cash. Get Your Fair Cash Offer Today.
Give us a try! At Jiffy Offer we believe in a 100% no-hassle and no-obligation process.
Selling your NC house shouldn’t be tough or stressful.
If you need to sell your house fast and can’t wait the 3-6+ months it can take to sell your house yourself or through an agent, you don’t have anything to lose by seeing what we’ll offer on your house.
Fill out the short form through the link below or give us a call anytime at (919) 324-0891. We’ll get some basic information about your house and within 24 hours will send you a formal written offer. If the offer works for you, we’ll work with a local neutral 3rd party title company to put the sale paperwork together and set a closing date that fits your schedule.
Get the process started below or call (919) 324-0891!