Sell your house for cash, step by step

It can be when speed, convenience and selling as-is matter more than getting the highest possible price. A traditional listing may be better for a market-ready house when price is your priority. Either way, read the written agreement and make sure you understand it before you sign.

Your net proceeds are the agreed price minus your mortgage payoff, any liens, delinquent taxes and HOA balances, agreed prorations and your share of any transfer tax. On a sale to Eagle we pay the closing costs except your share of any transfer tax, and you pay no agent commission on a direct sale. The closing professional gives you a settlement statement showing every charge and credit before closing.

The pros: no repairs, no showings, no wait for a buyer's mortgage approval, no agent commission on a direct sale, and a closing date you pick. The con is price: a cash offer is usually lower than a fully repaired home could get on the open market, because cash buyers take on the repairs, the holding costs and the risk of reselling. If your house is in good shape and you can wait, listing with an agent may bring more.

We don't have a figure to quote, and it varies by buyer. A cash sale has no buyer mortgage contingency, so a buyer's loan can't be the reason. The sale can still be delayed or fail because of title problems, a lien with an unavailable payoff, or a disagreement after the walkthrough. Ask any buyer what could change the offer, and read the contract before you sign. Nothing is binding until you and Eagle sign a purchase agreement.

Tell us the address and a little about the house. We review it, may ask to walk through it, and send a written cash offer with no obligation. If you accept, a closing agent handles the title work and you choose the closing date.

You sign a purchase agreement that sets out the price, the closing date and the other terms. A title company, escrow holder or closing attorney then checks the title and arranges the payoffs. You sign at closing, in person or remotely as the closing agent arranges, and your proceeds are paid at closing.

During business hours, we can often provide an initial offer within minutes to a few hours after receiving the necessary property information. Some properties need more research, photos or a walkthrough before the offer can be finalized. There is no obligation to accept it.

We can close in as little as 21 to 42 days once the title work has cleared, or later if you need more time. You pick the date. The timeline depends on title, liens, mortgage payoffs and the closing provider.

We pay the closing costs on a sale to us, except your share of any transfer tax, and the purchase agreement sets this out. Your mortgage payoff and any liens, delinquent taxes, HOA balances and agreed prorations are paid from your proceeds, as in any sale. The closing professional gives you a settlement statement showing every charge and credit before closing.

Not on a direct sale to us. Eagle does not charge you an agent commission when you sell your house directly to us.

Usually not. A cash offer is usually lower than the price a fully repaired home could reach on the open market, because the buyer takes on the repairs, the holding costs and the risk of reselling. In return you skip the repairs, the showings and the wait. We don't claim to always pay the most; we make a clear offer based on the condition, recent sales nearby and the repairs.

Yes. A cash sale generally means the purchase does not depend on the buyer getting a mortgage. The closing is handled by a title company, escrow holder or closing attorney, as in any sale.

No. An offer is only an offer. Nothing is binding until you and Eagle sign a purchase agreement.

Eagle may purchase the property itself or, if the purchase agreement permits, assign its contractual rights to another investor or purchasing entity. Any assignment right is stated in the agreement before you sign, along with the price, closing date and other terms. The closing is handled by the title company, escrow holder, settlement agent or closing attorney used for the transaction.