It protects equity in your primary home up to $125,000 or your county’s median home price, whichever is higher. It applies automatically to a home you live in. It doesn’t stop your mortgage lender from foreclosing, and it doesn’t cover property taxes or contractor liens.
Sell your Washington house fast, no repairs required
Get a fair cash offer for your Washington home and close on your schedule.
How it works
A cash sale on your Washington home skips the repair list, the open houses, and the wait for a buyer’s loan approval.
STEP 01
Describe your property
Tell us about your Washington home, what shape it’s in, and when you’d like to move.
STEP 02
Host a single visit
A cash home buyer comes out once to see the home at a time you pick.
STEP 03
Consider your offer
Take the time you need to look over the cash offer before making a decision.
STEP 04
Set your closing date
Close when it fits your plans and get your money at closing.
Why sell your Washington house with SellMyHouse.co
Here’s how selling to a cash home buyer differs from a traditional Washington listing.
- Nothing has to be fixed first. A cash home buyer can make an offer on your home in almost any condition, from cosmetic updates to aging systems to more substantial work.
- No agent commission comes out of your offer. On a median-priced Washington home, agent fees on a traditional sale typically run between $30,000 and $35,000.
- You choose the closing date. Whether you’re relocating for work, managing a job change, or settling an inherited property, you pick the timing.
- No showings or open houses. Once you request an offer, you work with one buyer from start to finish.
- Complicated situations are okay. Sellers relocating out of the Puget Sound, inherited properties, and homes with deferred maintenance are situations cash buyers in our network handle regularly.
What Washington sellers need to know
Washington’s excise tax, disclosure rules, foreclosure notice period, and homestead protection can all shape how much you keep and how quickly you can sell.
Seller disclosure
In Washington, sellers of most homes must give buyers a Seller Disclosure Statement covering the property’s condition, title, and any environmental concerns. Buyers then have 3 business days to cancel without penalty. Cash and as-is sales aren’t exempt, though some family, estate, and foreclosure transfers are. Homes built before 1978 also need a federal lead paint disclosure.
Real estate excise tax
Washington’s state excise tax on home sales is graduated, starting at 1.1% on the first $525,000 of the sale price and rising to 3% on the portion above $3,025,000. Sellers of a median-priced home pay about $6,600 in state tax, and some cities and counties add a local tax of up to 0.5%, so local rates differ in Seattle, Tacoma, Spokane, and elsewhere.
Non-judicial foreclosure
Most Washington foreclosures happen outside of court. Before starting, the lender has to contact you to discuss options, and owner-occupants can be referred to state mediation. The trustee has to give at least 90 days’ notice before the sale, and after the sale there’s no right to buy the home back. Selling your home before the foreclosure auction keeps you in control.
Homestead exemption
Since 2021, Washington has protected equity in your primary home up to $125,000 or your county’s median home price, whichever is higher. That makes it one of the more generous exemptions in the country, and it applies automatically to a home you live in. It doesn’t stop your mortgage lender from foreclosing, and it doesn’t cover property taxes or contractor liens.
Frequently asked questions
Most Washington foreclosures happen outside of court. The lender has to contact you first to talk through your options, and owner-occupants can be referred to state mediation. The trustee has to give at least 90 days’ notice before the sale, and after the sale, there’s no right to buy the home back.
The seller pays it at closing. The state rate starts at 1.1% and goes up to 3% on the most expensive homes, which works out to about $6,600 on a median-priced home. Many cities and counties add up to 0.5% more. Your title company can give you the exact amount.
Washington sellers of most homes must fill out a disclosure statement about what they know of the home’s condition, title, and any environmental issues. Buyers then have 3 business days after receiving it to cancel. Selling as is doesn’t get you out of it, though some family, estate, and foreclosure transfers are exempt.
No. Cash home buyers in our network purchase homes in almost any condition. You don’t have to spend anything on repairs, updates, or cleaning before requesting an offer.