5 Incredibly Fast Ways To Sell Your House
If you’re wondering how to sell your house as quickly as possible, then this post is for you. Use these strategies to cash in on your real estate investment.
Technology advances at a breakneck speed. In reality, it has affected almost every aspect of life. Industries have been demolished and replaced with new ones, seemingly overnight.
Despite all of the changes, one industry has largely escaped unharmed; real estate.
Real estate, unlike transportation, commerce, and entertainment, has been sluggish to adapt to the fast-paced nature of the world today.
Largely due to the plethora of legalities and complexities to contend with. Regardless, there certainly are fast ways to sell your house.
Sell your house quickly
Is it possible to sell your house as quickly as you can call order a ride? Not yet. However, you should be able to sell it pretty soon. Here are 5 ways to sell your house fast.
Contact a wholesaler
A lot of people don’t know that approximately 40% of all real estate transactions in the United States are conducted entirely in cash without the help of any banks.
Wholesalers work as a go-between for you and your home. Now, you may not get a bargain but you’ll get a good deal.
Learn more: Real Estate Wholesaling Explained: A Powerful 7 Minute Read
The wholesaler’s only job is to place your house under contract and then sell it to a cash buyer. This usually requires them to spend little to no money. This is a lot faster than trying to sell your house through an agent.
Finding a wholesaler is a little more difficult than finding an agent. Usually, they find you by looking for distressed sellers willing to sell at a substantial discount.
You can find a wholesaler through nationwide companies available online. Keep in mind, though, that you’ll probably sell your house for 60 to 70 cents on the dollar.
Other options for finding wholesalers on your own include doing a Google search for, “sell house for cash”, followed by your state or city name.
You can also find cash buyers by searching, “cash buyers real estate”, or other similar terms on Facebook Groups or LinkedIn.
Hire the best real estate agent in your area
There are currently 2 million active real estate agents in the United States. However, only a small percentage of those licensed agents make real money.
The longer they work as agents, the more likely they are to rise to the top. Over time, they build relationships, and their business grows exponentially.
Those are the agents you should seek out if you want to sell your home quickly.
To find the top real estate agent in your neighborhood, simply do a Google search for, “best real estate agent in Delaware”, or whichever city you’re in comes to mind.
Look for realtors who have a lot of favorable feedback and see if they’ll list your home for you.
Does this imply that you’ll sell your house right away? Definitely not. However, working with a top agent who has established contacts is your best bet for selling your home faster than the average in your area.
Try a dramatic price drop
While you can’t change your home’s location, you can, however, alter its price. Depending on the market’s sway, drastically changing your pricing can hasten the process.
A significant change in the asking price, like dropping your price from $500,000 to $430,000, will make a world of difference. Dropping it by $5,000 won’t make a dent.
Price is a major motivator. Keep in mind that everyone loves a good deal. Also, remember that your home must be a bargain in comparison to other homes in the area.
It won’t matter if you’ve cut your pricing considerably but it’s still expensive in comparison to other homes.
People want a good price. They would prefer to buy the cheapest house in a community over the most expensive one.
Put your home on a short sale
People want faster ways to sell their homes usually because they’re underwater or bankrupt. Properties like these are referred to as distressed properties.
They are distressed because the amount owed on the property is greater than the home’s value. This means no equity.
This is a bad situation. Thankfully, you can request a short sale from the bank. A short sale occurs when a financially distressed homeowner sells their property to a buyer for an amount less than what is owed on their mortgage.
This leaves the lender with the option of forgiving the remaining debt or insisting that the seller pays up.
A short sale can be uncomfortable and shameful. However, it is unquestionably preferable to foreclosure. No one likes being evicted from one’s own home.
Consider a mortgage transference
The last option to consider to sell your house fast is to transfer your mortgage to someone else. This means that your mortgage must be assumable by another person.
To figure this out, have your lawyer look through your mortgage documents. If it’s assumed, you’re in luck because you could rent your home instead of selling it. While this is a less common option, it is, nonetheless, doable. You only need to put in a little effort to make it happen.
Keep in mind that whoever becomes the new “borrower” must first qualify for the loan. How much time this option takes depends on several factors. The first thing to do would be to check with your bank to determine if this is even possible. Next, find someone who’s prepared to take on the mortgage and go from there.
When it comes to selling your property, some things don’t change. However, several factors have an impact on the sale’s pace.
Expect to wait a while if you’re seeking top dollar but forget about top dollar if your house is in bad shape.
Do you have any suggestions to help sell your house fast? Tell us in the comments section.