4 Need-to-Know Tips Guaranteed to Get You Cash For Your House
In a bind and need cash for your house? Maybe you just need to sell it fast so that you can move on to other investments.
Whatever the motivation, we have a few tips we think will work to get cash in your pocket.
Read our 4 tips to sell a house for cash before you make your decision to plant a for sale sign in your front yard.
For Sale by Owner
One way you can sell your home for cash is listing it as a for sale by owner, or FSBO.
FSBO means you’re on your own without the representation of a real estate broker or agent. Sellers usually use FSBO when they don’t want to pay realtor fees.
For sale by owner is completely legal. And it works, provided you feel confident doing all the work, including marketing, showing the home, negotiating the price, and drawing up all paperwork for the closing.
Market Your Home to Real Estate Investors
If speed is the main factor, consider marketing to investors. Investors bring cash to the table, which can mean a fast closing date.
Working with an investor can also save you the trouble of putting together paperwork since often they work with the title company to get the documents prepared for the closing.
One thing to keep in mind when selling to investors is price. It’s possible you’ll exchange a faster and easier closing for a lower sales price.
List Your Home as Is
Sometimes it isn’t so much about putting the maximum amount of cash in your pocket as it’s about selling your home as quickly as possible.
If that’s your situation, selling your property as-is might be your best option because it’s easier to find a cash buyer for this scenario.
When you sell a home as-is, you don’t make repairs or improvements. Be aware that selling a home as-is doesn’t mean you don’t bear the responsibility of disclosing any known issues with your home.
Work with a Real Estate Agent
Don’t forget about the possibility of listing your home with a real estate company.
Real estate agents work with people selling their homes for cash all the time. When you choose to work with a realtor, you’ll pay fees, but you can negotiate those fees.
Working with a real estate agent relieves the seller of all the work associated with the sales process, including marketing and paperwork. Of course, you’ll still need to make sure your home looks attractive to buyers.
Hoping to Get Cash for Your House?
Whether you’re in a hurry to sell or simply prefer selling for cash vs. dealing with a buyer who could get tangled up in the lending process, selling your house is the primary goal. Even better if you can get cash for your house.
Any of these 4 tips can work to your benefit—FSBO, investor, real estate agent, or selling the home in as-is condition.
Enjoy this post? Keep reading through our archives where you’ll find many more articles on buying and selling homes.