Do you need to sell your house as fast as possible?
You’re not alone. There are many people looking to sell their home quickly. The most common reasons are financial troubles, to avoid foreclosure, relocation, the house needs repairs or there was an inheritance.
In some transactions, your sale can be completed within a week, which will put money in your pocket. Getting your house ready for a fast sell doesn’t have to overwhelm you.
Keep reading to learn how you can sell your house now.
Decide on Your Sales Price
The number one step in selling your home quickly is to know what sales price will make you thrilled with the sale.
You also have to make your sales price realistic. Sure, a million dollars would be great. If your house needs serious repairs, and other homes in the area are selling for $175,000, that’s not realistic.
To determine a good sales price for your home, you’ll have to be objective and do your research.
You’ll have to come up with “comps” or comparable sales in your area. That will help you set a fair market price for your home. There are a lot of variables that go into determining the market value of a home.
When you’re looking at comps, start by looking at home sales within a one-mile radius of your home on Zillow, Northeast Florida Association of Realtors Association, or Trulia.
But you can’t compare on price alone. Look at the size of homes, how many bedrooms, and bathrooms there are.
You’ll also have to take into account if they were as-is homes that needed repair, or if they were completely remodeled.
Also, note how long the house was on the market and whether or not there were any price reductions.
You can also ask a real estate agent show comps in your area or hire an appraiser.
Does Your Home Have Tenants?
If your home has tenants, the process may take a little longer. It’s challenging to sell a home that has tenants because you have to plan showings around the tenant’s schedule. You also don’t have control over how the property will look.
Your best bet is to have tenants vacate the property before listing it. That allows you to stage the home properly and make it easier to show the home.
Just make sure you follow Florida’s landlord-tenant law when you have the tenant leave the property.
Get a Title Report
You want to give buyers peace of mind that the home is yours to sell. That means the title of your home needs to be clean of any liens, financial claims, or ownership claims.
The sooner you run a title report on your home, the sooner you’ll become aware of any issues.
That will save you critical time to take care of any issues now as opposed to waiting until the closing.
If there is a cloud on the title, it will need to be resolved before the property can be handed over to the buyer. For financial issues, you can resolve them by setting aside a portion of the sales proceeds to cover the claim.
Then you’ll have to file paperwork that shows the lien is no longer there.
For other issues, you may need the help of an attorney to clear the title.
Get a Cash Buyer
Cash buyers offer a very quick way to sell your home. Since the purchase is for cash, you save on paperwork and time because loans don’t have to clear the bank.
There are pros and cons to using a cash buyer, but if you need to sell your house now, this is an attractive option.
You can often have the transaction completed in 7 days. That can mean a lot if you need cash or just need to unload the property.
The key to a successful transaction with a cash buyer is finding the right one that you can trust. There can be a lot of unscrupulous companies out there. Here’s how you can tell legitimate investors from the rest.
Work with a company that’s local. Also, look for companies that have been in business for a while. They’ll have a good track record and a collection of testimonials.
Be sure to ask for those testimonials and referrals. A reputable company will be happy to show those to you.
You’ll also want to put your internet research skills to use. Look for reviews and other information about that investor.
There will still be closing costs when you’re working with a cash buyer. You’ll want to know what those costs will be.
Depending on who you work with, the investor may split the closing costs, or ask you to pay to cover them. There are some investors who will cover the closing costs, which means even more money in your pocket.
You’ll want to review the contract very carefully to see if there are items that were mentioned in conversation. If you’re not sure, get an attorney to look over the contract.
Take the Emotion out of the Process
Selling your home is an emotional experience. Having to sell your house now can place an added layer of stress on you.
It’s important to keep a clear mind throughout the entire process.
If there are offers or repair requests on the home, remember that you don’t need to immediately respond. That response is likely to be a strong reaction which could escalate into a bigger situation.
Take a few deep breaths, wait an hour, and then craft an objective response.
A Sure Way to Sell Your House Now
There are a number of ways you can sell your house now and get much-needed cash in your pocket. You can sell your home as-is and you can sell it for cash.
That can speed up the sales process and put cash in your pocket sooner, rather than later.
At Jax Home Offer, we specialize in buying as-is homes for cash throughout Northeast Florida. We make an additional investment in the home so we can resell it or rent it out.
For all of our transactions, we provide transparency and accountability so you get the best deal for your home.
Contact us today to see how we can help you.