Watch: What to Expect When You Get a Cash Offer on Your House
Getting a cash offer on your house can feel a little strange if you have never done it before. It is faster and simpler than a traditional sale, but that does not mean it is sketchy. Let me walk you through exactly what to expect so you feel confident going into the process.
The Offer Itself
When you request a cash offer from Acquily, you will receive it within 24 hours. The offer comes as a written document, not a verbal promise. It includes the purchase price, the estimated closing date, and any relevant terms.
The purchase price is your net. That means we are not going to come back and deduct fees, commissions, or closing costs. The number on the offer is the number you walk away with. Read that again because it is important. Most people are used to seeing a sale price and then having 8 to 10% come off the top for various costs. With a cash offer from Acquily, what you see is what you get.
How We Arrive at the Number
I know the first thing you are going to do is compare our offer to what Zillow says your house is worth. That is fine. But let me explain why the numbers might be different.
Zillow estimates are based on algorithms that do not know the actual condition of your home. They do not know about the roof that needs replacing, the foundation crack in the garage, or the tenant who has not paid rent in three months. Our offer accounts for the real condition of the property.
We also factor in what comparable homes have actually sold for, not what they are listed at. Listing prices and sale prices are two different things. Our team analyzes recent closed sales within a mile of your property to make sure our offer reflects the current market.
After You Accept
Once you accept the offer, we open escrow with a local title company. The title company runs a title search to make sure there are no surprises, like unknown liens or boundary disputes. This usually takes 5 to 7 business days.
During this time, we may do a brief walk-through of the property. This is not a full inspection like a traditional buyer would do. We already know the condition and we already factored it into our offer. The walk-through is just to confirm what we discussed. We do not use the walk-through to renegotiate the price.
The Closing
Closing is simple. You sign the documents at the title company, a notary, or even from your kitchen table with a mobile notary. If you live out of state, we can arrange remote closing so you never have to travel.
Once the documents are signed and recorded with the county, the title company wires your funds. Most sellers receive their money within 24 to 48 hours after signing. Some get it the same day.
What If You Change Your Mind?
Here is something most cash buyers will not tell you. You can change your mind at any point before signing the final closing documents. With Acquily, there is no penalty for walking away. Our offers come with zero obligation.
We have had sellers accept our offer, think about it for a week, and then decide to list with an agent instead. That is totally fine. We would rather you make the right decision than feel trapped into the wrong one.
Red Flags to Watch For
Not all cash offers are created equal. Here are the red flags that should make you suspicious of any cash buyer. They will not put the offer in writing. They ask you to pay fees before closing. They dramatically lower the price after a walk-through. They pressure you to sign immediately. They do not use a licensed title company.
Acquily does none of these things. We put everything in writing, we never charge fees, we honor our offer price, we give you all the time you need, and we close through licensed title companies every single time.
Frequently Asked Questions
Is a cash offer legally binding?
A cash offer becomes binding when both parties sign the purchase agreement. Before that, it is simply an offer with no obligation. You can walk away at any time before signing.
Can I negotiate a cash offer?
Yes. Acquily's offers are based on market data, but we are always open to discussion. If you have information that affects the value, share it with us.
How do I know the cash offer is fair?
Compare it to your estimated net proceeds from a traditional sale using our calculator. When you subtract commissions, repairs, closing costs, and holding costs, the difference is often much smaller than expected.
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