WHEN YOU SELL YOUR HOUSE FOR CASH... 

The Settlement Statement - HUD

To ensure a smooth and transparent transaction, a title company is used to produce a settlement statement, commonly known as a HUD. This document outlines all charges and credits related to the transaction. The title company acts as a neutral party that secures the funds from the buyer (in this case YDL Homes) and ensures these funds are accurately disbursed to the seller and any lien holders, such as mortgage companies, at closing.

Your Options for Receiving Funds

As a seller, you have two main options for receiving the funds from the sale of your home:

Electronic Wire Transfer:

• Speed: Providing your bank details to the title company allows for the fastest receipt of funds. The money is wired directly into your bank account, usually available within one business day, depending on the time of closing.
• Convenience: This method is straightforward and eliminates the need to handle physical checks.

Certified Fund Check:

• Immediate Access: A certified check can be issued if you prefer a physical token of the transaction. However, be aware that depending on your bank, there might be a hold on the funds until the check clears, which can delay access to your money.

Timing of the Closing

The timing of the closing can also affect when you receive your funds:

• Closing Schedule: If the closing is scheduled for late in the afternoon, there might be a delay in the disbursement of funds until the next business day. All documents must be signed and all conditions met before the funds can be released.
• Our Commitment: At YDL Homes, we strive to schedule closings at a convenient time to avoid delays and ensure a seamless transaction.

The Usual Timeline

Typically, from the moment you sign the contract with YDL Homes, the closing process takes between 7 – 14 days.  This period allows us to ensure everything is in order, including verifying a clear title, which is crucial for a straightforward sale. However, the process can also take longer (up to 30 days) if there are any mortgages or liens against the property.

Selling your home for cash to an investor like YDL Homes in Indianapolis is a straightforward and efficient way to quickly access the equity in your property without the delays of traditional home selling. By understanding the payment process and your options, you can plan effectively for your future financial needs.

If you’re considering selling your home quickly and want to know more about receiving a fair cash offer, contact YDL Homes today. We are here to make your sale as smooth and hassle-free as possible, with transparency and speed at the forefront of what we do.