You want to sell your house fast, but you don’t want to get lowball offers and sell for less than what you need.
Regardless of whether the market is more favorable for sellers or buyers, you need to sell a home fast and do not have time to wait for a traditional real estate sale. At best, when you list with an agent you could sell your home within 45 days. That’s assuming you get an offer immediately and there are no issues with financing or inspections. On average, it takes 65 days to sell. If you’re wondering how to sell a house fast, you most likely do not want it to take 65 days.
So How Do You Sell Your House Fast Then?
Understand The Big Three Of Selling Your Home:
Price
Time
Hassle
Unfortunately, you can’t have all three when you sell your home. In a traditional sale (with realtors, banks, etc.), you can get a higher price but it’ll take longer and be a bit of a hassle.
This is where the We Buy Houses/Cash Buyers come in. Selling to a we buy houses company will net you a little bit less in price but will be much quicker and no hassle.
Essentially, it comes down to what you want for your needs are. Which two characteristics are most important to you?
Now, here’s what you can expect for a timeline when you sell to a we buy houses company.
Research your local we buy houses or cash for houses companies, and decide to contact one for an offer. [NOTE: Take your time and make sure the one you contact is legitimate, here’s a helpful article of what you should look for: 4 Facts On We Buy Houses Companies That You Need To Know [Definitive List In 2020]
Within an hour, at the very latest, the company should reach out to you to discuss a few more details on your property and schedule a time for a walkthrough. Take advantage of a video walkthrough if you’d prefer not have anyone visit the property. The faster you are able to schedule a walkthrough, the faster you can get your money!
You’re busy, it took a day to set up a walkthrough. This should be much quicker than your traditional walkthrough, the company should know what they are looking for having bought houses like yours before. Once the walkthrough is complete, you’ll be presented with your offer. Yes, it may be a little lower than what you’d be able to get if you could sell it on the traditional way; but remember you’d be paying at least 6% in realtor fees with all expenses coming to around 10% of the sale price.
If you like the cash offer that was presented to you, then you should be able to sign right then and there. Congrats! You’re almost through with the home selling process. The next steps will be taken care of by the company you’re working with.
This is the longest part of your home selling adventure. It’ll will take around 7 days for title on your house to come back. This is a check to make sure that you are the legal owner of the home and that there’s no long lost relatives out there who have a claim.
During this time you might be asked to take a picture of the home’s water meter and call the utility companies to end your service by a certain day. These are all items that will help keep the process running smooth and get you to the closing table faster. As you near towards Day 9, the buyer will reach out and ask what day/time is best for you to close. This will be done at a local attorney’s office, similar to a traditional sale except you won’t have any fees and it’s a whole lot faster.
Time to get cash in your pocket! The closing will be very straightforward as there are no lenders/banks involved. You’ll get your check and then you won’t have to worry about that property anymore.
Are You Ready To Sell Your House Fast?
Start your competitive, all cash offer on your home. Choose a date that works for you to close, then kick back and relax.