Sell My House Fast For Cash: The Ultimate Guide
While you’ve been out driving around, you’ve likely seen a lot of ads; on telephone poles, free-standing yard signs, and written on posterboards and flyers, claiming to offer you cash for your house. And, if you’re in a tight spot financially, you may be looking into reliable options for selling your house for cash.
However, if you’ve never sold your house for cash, you may not know where to get started. Also, you’ll likely have a lot of different questions about how much your house is worth and if it’s worth selling your house for cash.
That’s why today, we’ve created this complete guide to help you get a better idea of how to sell your house for cash. Keep reading to learn more!
No Extra Fees
If you choose to sell your home for cash, you don’t have to worry about paying for contingencies or commissions, as you would if you sold a home the traditional way. These fees can quickly add up, especially if a home inspector finds anything wrong with your home that you were unaware of. But, when selling your home for cash, you don’t have to worry about any of this.
Instead, you’ll get to focus on walking away from your property with the cash in your pocket. This is even more beneficial if you’ve recently inherited a home that you weren’t prepared to deal with.
If the house happens to be vacant now, you’ve got to worry about thieves, squatters, paying to have the home staged, and finding time in your schedule to deal with the paperwork.
Reassuringly, when working with a buyer that is going to pay cash for your home, you don’t have to worry about any of these things. Plus, you’ll get to have the vacant property off of your hands quickly. Many cash buyers aren’t going to pay any mind if the home has been vacant for a longer period of time. This is because it makes less work for them, anyway.
Also, you won’t have to worry about making any sort of repairs to the vacant property if you don’t want to. So, you’ll be able to quickly get rid of the house without having to pay any unexpected fees, and you’ll get to walk away with a nice lump of cash.
Increased Flexibility
When you’re looking to sell your home as a homeowner, selling your house for cash provides you with a lot of flexibility. What exactly does this mean?
You don’t have to worry about making your house appealing to a family just looking to settle into the property for many years to come. In other words, an investor who wants to buy your home for cash is usually a lot more flexible in terms of settling for a home that needs a lot of repairs or is outdated.
Keep in mind that it’s not a good idea to try to sell your home if you currently have tenants in it due to the fact that the person who your property is going to will have to go through the process of evicting all of the current tenants before they’re fully able to purchase the property.
A lot of people who are interested in purchasing a home for cash will often buy homes that are close to being foreclosed on. Also, they tend to purchase homes that are being sold because of a death in the family, or divorce. Meaning, people who are interested in buying your home for cash, or looking to give you the best possible price for your property without there being a lot of hassle involved in the sale.
No Worries About Loans
After you get an offer from a traditional buyer who is interested in buying your home, there’s still a whole list of tasks that need to be completed before you consider your house sold; you’ll need to wait for an appraisal, a loan approval, and an inspection.
If you’re working with a potential buyer whose loan request was denied by the bank, you have to worry about starting the entire process over again with a new buyer. Yet, with a cash-only buyer, you won’t need to concern yourself with any of this because you don’t have to worry about any type of financial institution approving a loan.
Also, you likely won’t be responsible for anything that shows up during a home inspection, if such an inspection occurs. Instead, you’ll just get to enjoy walking away with all of the cash in as little as 2 weeks!
Fits Your Timeline
When selling your home for cash, you’ll have the ability to choose a closing date. On the other hand, when you sell your home to a traditional buyer, you don’t get much control when choosing the closing date.
If you need to sell your house fast, but need a little bit of time to move out, you may want to consider selling your house for cash. When selling your house for cash, you’ll get to choose your own terms for the sale, including the closing date.
Read on to dive deeper!
Is It Worth Selling Your House Fast for Cash?
Yes, it’s absolutely worth it to sell your house for cash! Keep in mind that selling your house for cash can be especially challenging if your house needs a lot of repairs. Thankfully, there are a lot of options available for you to consider.
Selling your house for cash is a convenient way to quickly get rid of your home. There are many benefits of selling your home for cash that aren’t often highlighted to people who are considering this option.
What Is the Fastest Way to Sell a House Fast for Cash?
Going through the process of selling your home can be very stressful, especially if you’re under a time crunch. Whether you’re looking to get out of the ownership of your home because of a death in the family, a divorce, you’re moving to a new state, or if you got a new job on the way, there are a few different methods that you can use to sell your house for cash quickly.
Let’s take a look at the best ways to sell your house for cash and fast:
Declutter Your Home
This is a great tip to remember, even if you aren’t selling your house in a traditional way. If you don’t have a lot of time and you’re looking to quickly get your house sold, one of the most important things you can do is clean up the inside of your home.
Removing a lot of the clutter inside of your home will make the inside a lot more attractive to cash buyers. But, there are a few other places that you should consider cleaning up too, such as the closet, since this is spot a lot of people tend to forget.
So, if you have any closets or storage spaces, renting a storage unit to pack all of your extra belongings in will make it much easier for cash investors to get an idea of how much open space the house you’re selling has to offer.
Fix Up Minor Repairs
Although unnecessary to sell to a cash buyer, if you want to sell your house for a bit more, you may want to consider fixing up the damaged areas in your house that takes little time and effort on your part to repair; if you have any loose tiles, leaky faucets, or scratched paint, take a few minutes to clean those spots up.
This attention to detail will make your home look more attractive to a potential cash buyer, who’ll want to quickly buy the house from you.
How Do I Sell My House to a Cash Buyer?
The first thing you need to do is find a cash buyer. You can find a cash buyer by looking around online for companies that offer to buy your house for cash. As you’re searching around online, make sure to research the company before you make any final decisions.
After working with a cash buyer, you’ll receive a cash offer on your house. But, it can difficult to tell if the offer you’re being given is a fair price for what you’ve got to offer. There are a few tips you can keep in the back of your mind to get a better idea if you’re being lowballed on an offer.
If your house is still in decent condition, you should take a look at other houses in your area that are similar to property size and how finished they are. But, when you’re looking at how much these properties sold for, make sure you deduct the total of the commission that the real estate agent made on the property.
What happens if your house isn’t in great shape? Take a look at the approximate value of all of the houses in your area and subtract both the investor’s profit and for the sale, and how much it’s going to cost to get your house to match the market value of the other houses in the area.
Next, you’ll need to get yourself prepared for signing the contract that confirms the sale of your house. This part of the process is similar to what it’s like when you sell your house to a traditional buyer. Please note that it is not uncommon for cash buyers to wave getting a home inspection on the house.
After this, you’ll be able to close on the sale of your house. Sometimes, a cash buyer will be able to offer a two-week closing period; meaning, you’ll be able to wash your hands clean of the house you’ve been trying to get rid of in as little as 2 weeks.
Conclusion:
Understanding How to Sell My House for Cash
So, are you still wondering, “how can I sell my house for cash?” Selling your house for cash is a lot easier and less stressful than putting your house upon the traditional market.
Plus, selling your house for cash will allow you to move the ownership of your home to someone else a lot faster than you’d be able to with traditional selling methods.
Are you looking to find someone to buy your house for cash? We’re here to help you. Click here to contact us today to learn more!
