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How Ocean City Development works


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You’ve probably seen plenty of signs around town that say “we buy houses” or you’ve gotten something in the mail from a company that wants to buy your property from you. They all say the same thing – “we buy houses for cash” or “sell your house fast in any condition.” But it can be hard to if they’ll do what they say they’ll do. It can even more confusing if you don’t know how they work.

We get it. The entire process of selling your house fast for cash can feel a little unclear if you’ve never done it before. You likely have a lot of questions that need to be answered. The good news for you is that we’ve almost certainly heard the questions before so we know the answers you’re looking for. Below you’ll find a list of the most frequently asked questions about how we buy houses and what the process is like for sellers. It’s critical that you know selling your house for cash isn’t always going to be the best option for your situation. That’s why we want to provide you with all the information you need in order to make the best decision for yourself, especially if that’s selling your house for cash.




There you have it! Now you know how we calculate cash offers! Our goal is to always try to make you the best offer possible while also making sure we can take care of our team. Regardless of the housing situation that you’re in, we will promise to make the best offer we can for you and your family. There’s a reason most sellers we work with decide to do so instead of working with a real estate agent because of our simple process and the quality of our cash offer. Just take a look at our reviews and testimonials to see what clients and others are saying about working with us.


Just ask any of the “companies that buy houses” and they will tell you the closing process takes around 2-4 weeks, depending on your unique situation. Of course, that assumes you want to close immediately, though you have the option to move slower if you prefer it. However, regardless of when you want to close on your house, we can work with you to figure out the best day that makes sense for you. Let’s take a look at the step-by-step rundown of the closing process as it happens most often.

Once you decide you want to accept our offer and sell your house for cash, we will send the purchase agreement as well as other required paperwork to our local title company. We will also deposit the earnest money. Next, someone from our team will touch base to provide you with all the information you need and let you know if there’s anything else the title company requires. The title company will then order a title and lien search. While that’s happening, we’ll schedule an inspection date that can be done either in-person or virtually.

Timeframe: 24-72 Hours


Once the inspection has been completed, we’ll have a good idea of what kind of repairs and renovations will need to happen on our end. This may end up requiring an in-person home inspection, too. We definitely want to make sure we respect everyone’s personal space during the COVID-19 pandemic, so we will wear face coverings and remain socially distant during in-person visits. If the title company is made aware of any title or lien issues, they’ll ask for additional information so that they can remedy the problems. Once that’s done, the title is likely to be clear and the sale will be able to move forward.

Timeframe: 1-2 Weeks


Once Step 1 and Step 2 are done, it’s time for us to schedule the closing and get you paid in cash! We can close at the title company or they can send a mobile notary to you at a specific date, whatever feels right for you. Once all of the documents are signed, we’ll wire money to your bank account or we can cut you a check from the title company. Again, it’s entirely up to you. This usually happens the same day that you sign the documents, though it is possible that it can take one business day in some rare instances.

Timeframe: 1-7 days


We can understand that listing your house with a Realtor or real estate agent feels like the best option when selling your house. And to be fair, if we get the sense that listing your house with a real estate agent would earn a better outcome for you, we will certainly let you know that. We want to make sure you get what you need. That said, we do want to highlight some benefits and concerns that come with listing a Realtor compared to when you sell your house for cash to us.

 

 

Selling to Ocean City Development

0%

commissions*

Traditional home sale

6%

average commissions*

Selling process
 
 
Average days to close transaction
7-14 days
50 days
Average days to prep and stage home
0 days
10 days
Average number of showings
1 showing (Just Us)
20 showings
Transaction costs
 
 
Estimated Real Estate Agent Fees
None
6% on average is paid by you, the seller
Who Pays Closing Costs?
None – We pay closing costs
2% on average is paid by you, the seller
Inspection & Financing Contingency*
None
Yes, up to 15% of sales fall through
Estimated Home Ownership and Overlap
1%
Repairs Needed To Sell Home
NONE – We pay for all repairs
Negotiated During Inspection Period

 

* Since we are not real estate agents, there are no commissions to sell your home to us.
* Cost and selling process estimates are based on industry data for the markets in which we operate.