How Can I Sell My House Fast? 5 Real Estate Secrets
Selling a house can be an exciting time for the seller. It’s the closing of one chapter in order to start a new one. There are many wonderful new things to come after completing the sale of your current home.
For many sellers, selling the house quickly is ideal. You may be thinking, “how can I sell my house fast for a fair price?”
This is true no matter what the circumstances are, but there are some situations when selling a house fast is even more essential. When you must pick up and move on short notice (due to a career change or something similar) you have very little time to sell your current house and get into a new home.
Selling to a cash buyer is one of the best ways to sell a house fast. In the guide below, you’ll discover what steps to take to sell your house fast with the help of a cash buyer. Continue reading to get started!
1. Understand an All-Cash Offer
The first step to selling to a cash buyer is understanding what an all-cash offer is. A cash offer on a house is an offer that doesn’t include financing or a lender. The house is bought outright by either an individual or a real estate investor.
The funds are then transferred with a cashier’s check or electronically. In some situations, if you accept a cash offer, then you can quickly close without having to list your house on the market. Because there’s no need for a lender, the closing process is much quicker.
After signing the contract, you could close on the deal within two weeks. The two weeks give escrow and title companies the time needed to provide insurance, prepare paperwork, and clear any liens.
2. Know Your Home’s Value
When selling to a cash buyer, the offer tends to be lower than when selling to someone who’s financing the purchase. The reason why is because a cash buyer will purchase your home in its current condition with cash on hand. You won’t have to worry about putting in extra time or money to make simple repairs and upgrades to your home.
It’s important to know what your home’s current value is though. To prevent yourself from accepting a lowball offer, take the time to do your research and know the fair market value for your house in its current condition. You can schedule to have a professional appraisal done or you can use an online appraisal tool for a quick estimate (won’t be as accurate as the professional one).
3. Search For a Cash Buyer
Now that you understand what a cash offer is and what the current fair market value of your house is, it’s time to find a cash buyer. There are a few different ways to find cash buyers. You can use a few different online platforms to provide details about your house that’ll quickly reach a cash buyer.
You can also submit your interest to a cash buyer and allow them to schedule a free, no-obligation, in-home consultation. They’ll then evaluate your home and make you an offer. Remember, cash buyers buy houses in all conditions, so don’t worry if your house isn’t in perfect condition.
4. Hire an Agent Versed in Cash Sales
If getting through the selling process on your own feels a bit overwhelming, then you can consider hiring an agent who’s well-versed in cash sales. A real estate agent can help guide you through the entire process. If you need help finding a reputable cash buyer, most real estate agents with experience selling to cash buyers will know a great cash buyer or two.
Before making a final selection of the cash buyer you want to sell to, do some research. Take the time to visit their website and find any information you might want to know about the buyer. You may even be able to find online reviews.
5. Evaluate Your Cash Offer
Once you’ve received your cash offer, you’ll want to then evaluate it. Review everything, including the price and the terms. Make sure the offer you receive matches closely with the fair market value of your house that you determined earlier.
You can also look at similar houses in the same neighborhood that recently sold for a cash offer and compare it to yours. As you prepare to review the terms, keep in mind that some investors or cash buyers will require an inspection to be done while others might waive an inspection.
There are a few other aspects to review as well. For example, will the buyer deposit the appropriate amount of earnest money? Can you have your attorney review the contract before signing it?
Make sure you’re fully comfortable with the offer and what’s written in the contract before signing. If everything looks good, then you can sign and finish the sale!
Wondering, “How Can I Sell My House Fast?”
If you’re wondering, “how can I sell my house fast,” then we have the answers you’re looking for. Selling to a cash buyer is one of the quickest ways to sell a house. Accepting a cash offer is ideal for a variety of people in different situations.
If you want to sell your house fast for cash, then don’t hesitate to contact We Buy Properties. We’ll buy your house no matter what condition it’s in. We’ll get some basic information about the house from you and then visit in person to determine an offer.
Contact us today to get the process started!