If you were to sell your home today,
what would be the first thing to do?
Like many people, you would head out to find an ideal real estate agent who can advise, guide and help you find a buyer. That’s a normal thing to do, but the average time a house stays on the real estate market is getting longer, and that leaves real estate investors the next great option.
Companies that buy houses are also known as cash home buyers and they can close the sale in a short notice.
So, if you are facing foreclosure, have a pile of debts, need fast cash for an emergency, are months overdue with your mortgage payments or need to relocate as soon as possible, then we buy houses companies are your best bet to sell your house fast.
Companies that buy homes fast do not depend on banks or lenders for funding. The investors have cash on hand that they can pay for a direct purchase of a property.
These investors can close a home sale within a few days, so if you are facing repossession for example, then using them is one of the only options you have to stop it.
Also, if you are in a massive debt, the best way to settle it is with one bold move.
You may be losing your home in this case, but what should be in your mind is that you will be taking control of your life and starting a fresh one.
However, if you really like the house and are hesitant is losing it, then you can find a real estate investor that provides the option of selling and renting it back.
Another great thing about selling your home to we buy houses companies is that there’s no real estate agent involved and so, you get to save thousands of dollars that you would have paid the person in the form of commission.
Real estate investors ideally buy homes regardless of their condition so, if your house has suffered some type of damage and cannot cover the repair expenses, you don’t have to worry about it.
Then only downside to this kind of sale is that you may not get the fair value of your home.
Even so, try selling your home to any buyer and you are not likely going to get any offers if your asking price is based on what you think your home is worth or what your realtor says its worth.
In a market full of sellers and few home buyers, the buyers have the power to dictate the price. That means that you will only be able to sell your house by dropping the asking price.
Once you have accepted the harsh reality, it only makes sense to sell to a person who can close the deal quickly, unless you can afford to wait for months for a better deal.
Saying there’s no exact science to pricing a home is a mistake you do not want to make. You need to compare similar homes that are in the market, make the difference adjustments and learn about the market movements.
If you choose to use a real estate, they will certainly make their own valuations, and it can be very easy to be swayed to a realtor who suggests the highest price.
Certainly, in this day and age, everyone would want to make the most out of a home sale. However, than can be one of the biggest mistakes to make as the only individual whose opinion matters is the person who makes an offer.
Do not be afraid to list your home at a lower price.
It can even work to your advantage especially when you need fast cash or need to get rid of the house.
Listing your home at a lower price ideally attracts multiple offers that potentially raises the price of the house a bit and gives you back the negotiation power.
There’s little danger in pricing your house low. The real danger is in overpricing and working with an agent based on high valuation.
As you can see, there are numerous benefits to selling your home to we buy houses companies. So, if you are in a situation where you need a lot of money fast, keep them in mind.
Published: January 27, 2017