On average, it is believed that selling a house in America does not take more than 90 days. This is true when the condition of the home is good and the sellers get a host of offers. When there are any hassles in the things like home inspection, home appraisal, and more.
But there is nothing to get disappointed about because if you want, you can sell your house fast. You can target to sell your home not just in weeks but in days too, provided you take the correct approach and go through the guide below.
What to know to sell a home faster?
If you are thinking about how to sell my house quickly, then it is important to know a few things.
When to sell your home faster?
Though a fast home sale saves you time it may need you to incur extra costs and you will have to spend a lot of money. If you are paying the closing costs, agent commission, and more, you will have to bear around 8% to 10% of the home sale price. But sometimes selling the house is unavoidable. Under some circumstances, you can sell your house fast such as:
If you want to sell your home urgently because you are looking forward to relocating to a new place, then you must sell the house quickly. This will make you collect the cash needed to buy a new place. You can easily leave your present location and buy at a new place.
Couples who are heading toward a divorce need to sell their home urgently. The jointly owned house is sold with a perspective to divide the proceeds. Since divorce proceedings are already time-consuming, mentally harassing, and costly affair, you must consider selling your home faster and saving your time and energy. Rather than going through the conventional home sale procedure, you can look for ways to sell your house quickly.
Losing a job
If there has been a lack of necessary monthly expenses, then you are going through a tough time. Consider selling your house quickly and gain instant money. This will help you with some peace of mind till the time you begin earning again
Lower your maintenance needs
In case you have inherited property or a home that has no future, it is better to collate your assets and get rid of the property lying uselessly. It is good to sell it off rather than keep investing a lot of time and money in maintaining it.
Some fabulous real estate websites can help you sell your home fast. With a traditional approach, there is no guarantee of the time duration for selling the home, and it may take a few weeks to a few months. But when you aim to sell faster, you have ways.
What is a short sale?
Some people get confused between a quick sale and a short sale. These two are completely different things. A short sale is an aspect when the lender permits the property transfer as a mortgage payoff. In this, the sale price of the property is lesser than the mortgage dues.
A short sale is just said as a short sale but it takes months to finalize. This lender processes a short sale after a series of inspections, negotiations, and more before accepting the offer.
One of the ways to sell your house fast is through Auction. However, if your home does not have any defects and you pay regular dues, then an auction does not make sense.
Even an average home can be through better ways. The main drawback of an auction is that you don’t have any control over the sale and you cannot even set the price of the home. Mostly, the homes sold through auction are paid much lower than the FMV or fair market value as the same is not listed on any other real estate website.
Pay closing costs
Usually, the closing costs are decided mutually by the seller and buyer. Since the seller also needs to pay the agent commission, the buyer can agree to bear most closing costs. If the seller wants to sell a home faster, he can offer to pay the buyer closing costs too. Though this way, you lose some part of the final price of the house, it will ensure that the house sells fast.
Remain flexible to Move-in and Move-out dates
Make yourself flexible and agree to the buyer’s Move-in and Move-out dates to have a faster sale. If there is a tenant in your home, ensure that they are ready to move out. Handle the buyers who need to shift urgently. If you help them with flexible move-in dates, you can sell the house fast and easily.
Selling your home through the For Sale By Owner approach means that you don’t have access to the MLS. But if you contact the MLS websites and market your property, you can sell the home fast. You need to take out time to handle offers and manage showings.
Through FSBO, many home sellers have been able to close their home sales within a couple of weeks. There are many top FSBO websites too that provide MLS listing and other support services to the sellers.
Sell to iBuyers
iBuyers are one of the best ways for selling a house as is in Washington within a couple of days. Most top iBuyers such as Opendoor and Offerpad offer the best price for the home, which is as per the Fair Market Value or FMV. iBuyers have some drawbacks too such as:
- Providing services only in the metro and urban areas
- They have strict eligibility criteria and do not make an offer for non-desirable homes.
- They do not negotiate the offers
- They charge a 5% service fee
- They also charge a significant amount of the repair cost
It is good to sell to the iBuyer if your house is in good condition and meets their eligibility criteria. The top iBuyers in America can help you sell a house fast. They make a preliminary cash offer instantly the moment you provide the details of your house. You can accept or reject the offer.
After the home inspection, they estimate the cost of repair and then make the final cash offer. You can again accept or reject this non-negotiable offer.
We Buy Ugly Houses is another option for you if you have a distressed home. You can search for more options to know how to sell my house quickly and take your pick.