What to Do When You Need to Sell Your House Fast
Posted by Casandra Properties on Wednesday, July 8th, 2020 at 3:36pm.
It takes homeowners anywhere from 65 to 93 days to sell a home. This means it takes time and patience when you put your home on the market. Unfortunately, there's no way of predicting whether it will take your home more or fewer days to sell.
But not everyone has this kind of time on their hands or availability in their schedule. If you're saying, "I need to sell my house fast," then this guide will help.
I Need to Sell My House Fast
There are three ways that homeowners can sell their homes quickly.
- Work with a real estate agent
- List your home for sale by owner (FSBO)
- Accept a cash offer
The best method is to weigh your pros and cons and determine the best option for your particular situation.
Real Estate Agent
Working with an agent is smart because they know the market. You can use their expertise to price your home to sell. They also do the work of selling your home for you.
A knowledgeable agent will know how to make your home and listing stand out. That way, your home gets the most attention and can attract the most potential buyers.
The downside is that you'll have to pay a commission. You also may not get the offers you're hoping for if your home needs work or is in foreclosure.
FSBO
If you're a DIY type of person or do not want to pay a commission, then you could sell your home on your own. The advantage is that you have complete control over the listing and sale of your home.
The downside is that you have to do all of the work yourself and lack the guidance of a real estate agent. This could mean it takes too long to sell your home, or you're unable to find a buyer who can get approved for a mortgage.
Cash Offer
If you're wondering how to sell a house that needs work fast, then you need to consider cash buyers. These real estate investors understand your position when you say: I'm selling my house fast.
Cash buyers are real estate investors. They aren't looking for their next home. This makes them more willing to purchase a home that needs work or is in foreclosure.
Once you agree to an offer, you can complete the sale quickly because you don't have to wait for a bank or other lender to approve the buyer's mortgage application.
Sell Your House Fast Today
If you need to sell your house fast, then consider these three options. Weigh the pros and cons to determine which one will work best for your situation. If your home is in beautiful condition and not in foreclosure, then enlisting the assistance of a real estate agent may be smart.
For homeowners who need to sell quickly because of foreclosure or their home needs work, then a cash buyer may be the answer.
Browse our real estate articles for more helpful advice when buying and selling property.