When and How Do You Get Paid When Selling Your Pittsburgh Home?

cash home buyer in Pittsburgh

You’ve partnered with your real estate agent, received an offer, and it’s a good one – congratulations on accepting it for your home sale! Whether you’re on the verge of closing or still in negotiations, there’s a crucial question on your mind: when do sellers receive payment after closing on a home sale? Before that delightful payment lands in your bank account, there are a few essential steps to check off.

Stay with us as we dive into this topic and provide answers to your important questions.

What Needs To Happens Before You Get Paid?

Before receiving your payment, several key steps must occur to ensure a smooth closing process. The better organized the closing, the faster you can access your funds. Here are a few of the essential steps that must take place.

  • Check and confirm the title
  • Arrange a home inspection
  • Discuss repairs and credits
  • Appraise the home’s value
  • Revisit negotiations
  • Settle outstanding debts
  • Conduct a final walkthrough
  • Complete the final paperwork

How Sellers Get Paid at Closing?

When it comes to receiving your payment at closing, there are two common methods: a check or a direct wire transfer to your bank account. The time it takes for the money to reach you can differ between these two methods, so it’s essential to understand the difference in payment processing times.

When Do Sellers Get Paid After Closing?

The timing of your payment varies, depending on many factors, such as where you live, the type of sale, or who you’re working with, but you can usually receive your proceeds on the same day you close. This happens once all documents are signed, and your deed or title is recorded. Depending on your state’s process, there may be a gap between signing and recording and another before funds are released. In most cases, if your documents are filed before your bank’s cut-off time, you’ll get your funds within a few hours.

What Sellers Should Bring to Closing Day?

Your closing agent will handle most of the paperwork on your behalf, so there’s not much you need to bring to the closing table. However, here are some documents you should have:

  • Government-issued photo ID
  • Receipts, photos, and documents related to post-inspection repairs
  • House keys and security codes

In some cases, you may need to provide an original document proving your property ownership, but much of the title research is done before closing day. Your real estate or closing agent may request additional specific documents, so make sure to bring physical copies if needed to expedite the process.

Want to Get Paid in Under 14 Days for Your Pittsburgh House?

The traditional real estate process often takes several weeks to months from the moment you accept an offer to the actual closing date. This process can be even longer in some states, known as dry funding states. But what if you want to sell your house quickly in as-is condition and get an offer on the very same day? That’s where 412 Houses, a trusted cash home buyer in Pittsburghcomes in. We buy houses in Pittsburgh for cash, eliminating the wait for buyers to secure financing. This can save you weeks, or even months, during the closing process, ensuring you get access to your money much faster than with a traditional sale.

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