6 Things to Do to Sell Your House Now
Selling a house can put a lot of money in your pocket, but it can be a major ordeal to get there. If you need to sell your home fast, you’ll need to take some serious action and possibly make compromises. It’s possible to break speed records and be out of your house quickly, but you need to know the tricks of the trade.
Learn About Cash Offers
Most of the time, when you sell a house, the buyer takes out a mortgage to pay you. When you get paid, you have to pay off your mortgage first, but you get to keep what is left over.
The problem is that applying for and approving a loan takes a lot of time. Even if your buyer is pre-approved, there is a ton of paperwork involved. The bank will do whatever it takes to protect their investment, which means appraisals, negotiations, paperwork, and extra time.
With a cash offer, the buyer writes you a check. The check clears, and you sign over the title to them. It could not possibly go much faster. You still need to involve a title company to make things formally correct, but you skip weeks of dealing with banks. Cash offers are the key to a fast sale. Use the tips listed below for finding and maximizing cash offers to sell your house.
Offer a Deal
There are always people looking for a good deal on a house. In most markets, you can offer a deal and still come out ahead. Set the price as low as you can comfortably. A competitive price can move a house very quickly.
The secret to offering a deal is to know your minimum acceptable offer. People will still try to lowball you — it’s just part of the industry. You have to know your minimum before you go down this path and stick to it. You want your house to sell fast, but you don’t want to have remorse over a price that’s lower than your bottom dollar.
Seek Out Buyers
Sure, you can list the house and go through those steps, but your real goal here is to find cash offers. That means you want to seek out real estate investors, wholesalers, and property developers. These are the groups of people who have the most to offer you. You will only get serious offers from them (although some might be lower than you are willing to accept). They are always looking for the next deal, and you can set yourself up to be that next deal.
Make Yourself Available
There are a few ways to go about this, but you’ll need to get away from traditional open houses and showings. You’re trying to attract cash offers specifically, so you’re going to learn what attracts investors and the buyers you want.
Typically, they are seeking sellers likely to move fast. These may be people in foreclosure, moving, divorcing, marrying, or otherwise going through significant life events. If any of these apply to you, don’t hide it.
Let everyone know that you’re selling. Word will get around to potential buyers. You’ll likely get cash offers you didn’t seek out, even if you don’t have a listing.
Get Deal-Breakers Out of the Way
There are a few situations that can kill a sale — even a cash sale. If you have more than one mortgage, that can be a problem. Renegotiate whatever you need to get rid of additional liens. If you’re not a sole owner, get a commitment to sell in writing. If there’s a significant repair issue, disclose it right away or fix it now. Think of anything that would make the sale legally or technically more difficult. Also, think of anything that would be a deal-breaker if you were buying. Eliminate as many of them as you can as quickly as possible.
Forget About Remodeling
If you’re going to stay in a house for a while, smart remodels can make you money in the form of equity. But if you’re ready to sell, you do not want to have to deal with a remodel. Table the renovations as quickly as possible.
Keep in mind that a cash buyer will buy your home as-is, no matter the condition.
You can get a cash offer from a real estate investor, and you can get it this week. Start by filling out the contact form with We Buy Killeen Houses. You’ll get an offer, and if you like it, you can sell your house in a matter of days.