There’s no question that selling a house can be a difficult and stressful situation. In fact, according to a recent study, trying to sell your home is more challenging and stressful than filing bankruptcy, filing for a divorce, or even dealing with the loss of someone you love.
If you have to sell, the situation is stressful enough; however, if you are in a situation where you have to sell fast, the situation is even more complex or stressful. It doesn’t matter the reason for needing to sell quickly, but there’s one thing for sure – you’re under a lot of pressure.
What if you need to sell your house fast?
We bet that your mind is now racing and thinking ‘I need to sell my house fast,’ but you have to prevent yourself from making a rash decision. Knowing the options you have is imperative to being able to sell your home quickly and with confidence you are making the right decision. This will ensure you can make an informed decision that aligns with your current goals and circumstances.
If you are in this situation, you have options. Keep reading to learn what these options are.
Contact Real Estate Agents
It’s estimated that 89% of home sellers opt to hire and use a real estate agent to sell their property or home. That’s because there’s a large number of documents and ongoing communication that goes into selling a house. Having a real estate agent handle all this can help to reduce the stress of the situation.
Any listing that is represented by a real estate agent will usually sell for more money. In fact, on average homes represented by an agent sell for 30% more than homes that are sold by the owner.
Consider a Cash Sale
Do you want to avoid all that goes into the home selling process? Are you facing a financial hardship that selling your home could solve? If so, a cash buyer may be a smart solution.
Before choosing someone to sell your house too, take some time to compare the offers you can receive, as there are multiple companies that now offer cash for homes throughout the country.
There are several people who may be interested in purchasing your home for cash. This includes buy-and-hold investors who will purchase rental properties, fix-and-flippers who renovate the teardowns at scale to make a profit, along with high-tech, venture capital-backed companies who have recently come into this market.
Each option offers different cash offers. While one may provide you with a better price, another one may waive the home inspection or provide you with a faster closing time. There are others who only buy homes that are within a certain price range or that are in decent condition. Take some time to figure out what is a priority for you to find the right cash buyer.
A Short Sale
There’s a common misconception about the short sale. Some believe it refers to the amount of time the sale takes – but it doesn’t. In fact, a short sale refers to the money you receive for your home. If you opt to sell short, it means that your lender has agreed to let you sell the home you own for less money than what you owe on it.
Short sales are going to (typically) take much longer to finalize than the traditional selling process will. As a result, if you need to sell your home quickly, this may not be the best option for your needs.
What are your options for selling your home quickly?
What Option Should You Use to Sell Your Home Quickly?
If you are in a situation where you need to sell your home quickly, it’s a good idea to consider your options. However, in most cases, the fastest transaction is going to be through a cash buyer. Be sure to find a buyer that suits your needs so you can sell your property and avoid the stress and the hassle usually involved with this process.