I Need to Sell My Home Fast — What Are My Options?
Dec 13, 2019 | Hometown Development
There are many reasons you may want to sell your house quickly. Whether you’re facing foreclosure, getting divorced, are moving for work, or simply need money, selling your home as fast as possible is crucial. But selling quickly can be hard to do. If you need to sell your home fast, here are your options.
Traditional Sale Isn’t the Best Option
It might have been a while since you bought your home, but if you think back to that process, you’ll remember that it wasn’t a quick one. The traditional sales process for homes moves at a glacial pace. First, you need to find a realtor, who lists your home for sale. Then your house could sit on the market for months—even years—before someone is interested enough to make an offer. Plus, once an offer is made on the house that you accept, there’s still a lengthy process of inspections and permits and signing documents before closing.
Additionally, another component of a traditional sale is making the home as appealing to potential buyers as possible so that you can get the best price for it. This can often include making updates and upgrades from minor things like buying new appliances and cosmetic changes like a new coat of paint to more extensive renovations. Those changes take time and money, for little to no guarantee of success in selling the home or fetching a high price.
As we mentioned in the last section, sometimes homeowners will make changes and renovations to their homes in order to make them more saleable. But, this takes money and time, and you don’t want to spend either when you’re looking to sell quickly. Selling the home as-is is a way to avoid the delay and hassle of updates and remodeling.
This also cuts down on the negotiation side of selling a home, which itself can lengthen the process. If it’s clear that you’re selling the home as-is, you won’t have to bicker with buyers who will only give you your asking price if you replace all the appliances or put in a new water heater.
Sell for Cash
The whole process of getting approved for a mortgage is another lengthy part of the traditional sale cycle that you can and should avoid if you need to sell your house right now, today, ASAP. Selling for cash is the way to do this. No financing approvals that take weeks and months, no hassle in getting your money right away.
Sell to Real Estate Investors
If you sell to real estate investors, instead of a traditional sale to future resident homeowners, you’re going to shave a lot of time off the home sale process. This is in part because investors have the capital and resources to enable the options we mentioned previously: buying for cash and buying as is. Plus, real estate investors and developers also are motivated to speed up the sale process. The sooner the purchase is completed, the sooner they can start making money off the home and property.
If you’re moving out of town, facing foreclosure, or simply just need to sell your home quickly, the team at Hometown Development can help. We purchase properties in any condition, for cash, which means we can close in as little as 5 days. For more information, or to start the process of selling your home fast, give us a call at 616-379-3090 or contact us online today.