If you want to sell a house fast, one option is to sell the house for cash. This eliminates some pretty big steps in the process, like qualifying for loans and the time it takes for a loan to close. Going through the traditional steps can push you back by months and you’ll also incur a lot of expenses between agents and closing costs.
About 87% of home buyers finance their home purchases. That’s a large part of the buying market. If you do have the time to wait to find a buyer and go through the traditional method, you may be able to increase the sale price. For some sellers, there’s a time crunch to get the property sold.
Reasons to sell my house fast for cash
If you have a house that you need to sell quickly, you might not have time to do it the traditional way. Currently, it’s a seller’s market. Houses are going fast and for a good price. But, even with this increased interest, it still takes several weeks, sometimes months to close on a home. If you sell for cash, you don’t need to go through the lengthy loan process.
Here are a few reasons you might opt to sell a house fast for cash:
- Foreclosure. Life has all sorts of twists and turns. If you’ve found yourself in financial difficulty and face foreclosure, you might need to sell quickly in order to recoup at least some of your investment.
- Not Living in the Area. If you’re relocating from your current location, or you own a second property in a different part of the country, it may be much simpler to sell the house to real estate investors so that you don’t need to travel back and forth through the process.
- Divorce. If you own the property with a spouse or partner, and you’re splitting up, it may be simpler to sell quickly to divide assets.
- Inheritance. If you’ve inherited a home, selling quickly for cash can save you time and money.
Often when you sell a house fast for cash, you can sell the property as-is. This is a great option for a property that needs a lot of work. It saves you the time and effort of investing in renovations and there’s no guarantee that you’ll recoup that money during the sale.
Sell House to Real Estate Investors
If you do opt to sell your house fast for cash, selling to real estate investors is a good option. Real estate investors are ready to purchase and will often be able to buy the property without a loan. This streamlines the process.
Because you won’t need to wait for the loan to close, you’ll be able to sell the property in days, rather than months.
There are different ways to find real estate investors. You can put the property up for sale by the owner and request only cash buyers. You can opt to work with a company that specializes in buying properties as-is. You can also work with a real estate agent to find only investors and/or cash buyers.
You can possibly sell the property at a higher price through the traditional method, but that isn’t guaranteed. The market can fluctuate. Putting work into the property before selling can garner a higher price, but it can also be costly to complete. If you’re looking for a quick and simple way to sell a property, selling to a real estate investor is a good option.