I have been toying with the idea of selling a second home I own.
I got an offer that is on the low end of what I would sell it for. Its an as is cash sale.
I do not really know the buyer the house has a 50K ish loan on it.
Buyer says he will cover all costs. He has inspected the home multiple times with his contractor.
Is it as simple as going though a title company he puts up the cash the title company pays off the current loan and hands over the remainder of the funds to me ? <ya I know it will be a check>
I have not accepted the offer yet or asked how it works from here I will do that tomorrow.
any pitfalls I need to look out for I assume I just need to check out that the title company is real.
the property is here in texas same city I live in now.
it would really suck to get scammed out of the house lol.
I got an offer that is on the low end of what I would sell it for. Its an as is cash sale.
I do not really know the buyer the house has a 50K ish loan on it.
Buyer says he will cover all costs. He has inspected the home multiple times with his contractor.
Is it as simple as going though a title company he puts up the cash the title company pays off the current loan and hands over the remainder of the funds to me ? <ya I know it will be a check>
I have not accepted the offer yet or asked how it works from here I will do that tomorrow.
any pitfalls I need to look out for I assume I just need to check out that the title company is real.
the property is here in texas same city I live in now.
it would really suck to get scammed out of the house lol.