How Does a Cash Offer Work in St. Louis?
Local cash home buyers since 2016. 1,000+ houses bought in St. Louis MO & IL. We buy 50+ homes a year. 4.7 on Google from 65+ reviews. Read Google reviews.
As-is cash offer. No repairs. We typically cover closing costs. About 2 weeks. You pick the date.
Or call/text 636-525-1566. We answer 24/7.
A cash offer replaces the listing steps that slow a sale down: showings, a buyer’s loan approval, and an appraisal. Here is what actually happens when you call us, and what stays the same as any other Missouri closing.
The Four Steps
- Call or send the address. Call or text 636-525-1566. We ask about condition, who lives there, liens, and the date you need. We can often give a range on the phone.
- A 30-minute walkthrough. David Dodge or Michael Slane walks the house. You do not clean or fix anything first.
- A written offer. You get a written, no-obligation offer. We can show proof of funds before you sign anything.
- Closing at a title company. A St. Louis title company handles the payoffs, the deed, and the closing statement. Typical close is about two weeks when title is ready, on a date you pick. Payment is usually released one to two business days after closing.
What Goes Into the Number
We look at the location, the condition and needed repairs, what similar nearby houses have sold for, current market conditions, and the timeline and terms you want. The inputs are explained on how cash offers are calculated.
The St. Louis Steps That Can Change the Date
Many St. Louis County municipalities require an occupancy inspection when a house sells, and the City of St. Louis has its own Building Division process. Who handles any punch list is written into the contract. See County occupancy permits and City code violations. Liens and back taxes are usually paid from proceeds at closing, as explained on selling with a lien or back taxes.
What a Cash Offer Is Not
It is not a listing, so there are no showings and no buyer loan to fall through. It is also not a retail price. You trade some price for speed and certainty, which is why it helps to compare both paths on cash offer vs listing.
Related
Common Questions
Am I committed once I get the written offer?
No. The written offer is no-obligation. Nothing is binding until you sign a purchase contract.
Who pays closing costs on a cash sale?
We typically cover our standard closing costs. Your mortgage payoff and any liens are paid from your proceeds on the closing statement.