According to Zillow, 47 percent of houses spent less than a week on the market in April 2021.
Thanks in part to the growth of virtual tours, remote work, and digital listings, the real estate market isn’t just thriving — it’s booming. If you want to sell your house for cash, the world is your oyster. But there’s a catch:
Even in red-hot market conditions, there’s a right way and a wrong way to go about selling your home. And when that new job is waiting for you in another city or the IRS is calling to discuss your back taxes, you don’t have time to mess around.
Luckily, if you want advice that will help you sell your home fast, you’ve come to the right place. Keep reading to see our list of time-tested tips for homeowners who are looking to sell for cash.
1. Know Your End Buyer
In the real estate market, there are two types of buyers:
Future homeowners and real estate investors.
But despite the fact that both might visit your property and make offers, these two groups have completely different end games. Homeowning types will want your house to be as close to move-in ready as possible. While investors will be assessing your house with the intention of turning a profit.
Understandably, these differences can require you to change everything from your curb appeal to your overall preparation and use of staging. For this reason, once you’ve decided that you want to sell your home for cash, it’s important to get a sense of who you’ll likely be entertaining offers from.
2. Decide If You’re Hiring a Real Estate Agent
When you’re not used to the real estate process, selling a home can quickly start to feel overwhelming. But while buying and selling property can be an all-consuming project for regular people, the selling process is quite literally another day in the office for a real estate agent.
Although a real estate professional can certainly help you sell your house fast, their commission is typically between four and six percent. That’s a full $8,000 on the low end if your home sells for $200,000.
Because the market is moving so quickly, you likely don’t need to work with a real estate agent. However, if you’re willing to give up the commission money, a realtor can help you showcase your home.
3. Have a Ballpark Figure in Mind
In 2021, a man bought a drawing for $30 at an auction. As luck would have it, however, the piece turned out to be a rare collectible that was worth over $10 million.
If you’re looking to sell your home for cash, you might not get full market value for your home. But knowing the value of your home can make it easier for you to recognize a fair offer when you see one.
The people who sold that valuable piece of art for $30 likely have some regrets. And you don’t want to be the person who sells your house for $100,000 while your neighbors sell theirs for $2 million.
4. Be Ready to Showcase Your Property’s Strengths
Imagine you’re negotiating for a raise at your job.
You wouldn’t sit down with your boss and say, “I struggle with producing quality work. I don’t meet my deadlines and I’d rather hang out by the water cooler. Should we raise my salary by 25 percent?”. Why? Because you need to highlight your professional strengths in order to justify your salary increase.
Interestingly enough, there’s a similar process at play when you’re selling your home.
You may have decided that you want to sell your house as-is. You might even be selling the smallest property on your street. But even so, every house has a few features that are worth buying.
Is the home in an excellent location? Do you have three full bathrooms when the norm is 2.5? Are the needed repairs short, single-weekend fixes?
At the end of the day, the process of selling your house for cash comes down to marketing. Whether you’re selling to an investor or the final buyer, you’ll want to hype your property up.
5. Consider Going the Extra Mile
The appeal of selling your house for cash is that you don’t have to spend more time prepping the house than necessary. You can skip the whole staging process. You don’t need to do a walk-through or repaint the walls.
But if you want to sell your house fast, it may be worth your while to consider making a few quick fixes. Something as simple as tightening the hinges on the kitchen cabinets can quickly take your house from “This seems like a fixer-upper.” to “We’ll take it!”.
And even if you’re more inclined to sell your house directly to a cash buyer, you may still want to look around and get a sense of the company’s overall reputation. As cash home buyers ourselves, we understand that people sell for numerous reasons. But taking the time to do your research can save you from a lot of grief and hassle.
We Make It Easy to Sell Your House for Cash
Selling a house used to be a whole process for homeowners. First, you had to find a realtor. Then, you needed to get the house ready and deal with constant visitors.
It was a whole thing. The negotiation process alone was enough to put a serious delay on the final offer.
We make it possible for you to sell your house for cash. We’ll give you a fair offer. And we’re able to close ASAP.
Request your free cash offer today.