If you’re looking to sell your home, you’ve probably been asking friends, neighbours, and your favourite search engine “How do I sell my house fast?” It’s not an odd question among home sellers, but for some, speed is far more important than it is for others. When does speed matter the most in the world of home sales? When it does, is there any real way to make it happen?
Where The Need to Sell Really Counts
What makes many people need to sell their homes quickly? Here are a few of the reasons behind a speedy sale.
- Repossession: Often the costs associated with owning a home can become quite high, particularly in troubled times. Between the mortgage payments themselves, maintenance, and Council Taxes, some homeowners may end up facing repossession. When you get to that point, a fast sale can help save your credit. Having your lender repossesses your home could mean you won’t be able to get a mortgage in the future, but selling before it gets to that point can help you get the loan you may need in the future.
- A Job Transfer: The career landscape is a changing one these days, and if your company just transferred you to a different part of the country or a different country altogether, you may need to move fairly quickly, and in those cases, a fast home sale is an absolute must.
- An Inherited Property: Inheriting a home sound like a helpful step forward in life for many people, but that doesn’t always mean the property will be in the right spot or even that it’s an affordable option. For example, if you inherit a home that needs extensive repairs, you may need to sell quickly to pay the inheritance taxes or other bills left behind by loved ones.
- A Collapsing Property Chain: A property chain is created when you’re working to sell your home, but you’ve agreed to buy another one. If your home has sat on the market for far too long and you need to sell your home to keep the property chain from collapsing, a faster sale is a better option.
Ensuring You Get the Quick Sale You Need
When you’re in one of those situations, selling your house fast becomes an absolute must. How to you make sure your home sells quickly, though? Start by thinking about what might be the lowest possible price you could accept for the home. If the market isn’t quite what you’d hoped, how low can you go to unload the home but still make enough to cover your own costs?
Once you know what you can accept, think about a few different options. You could list with an estate agent if you haven’t already. If you’ve taken this step forward but your home is still on the market, you may want to consider a different estate agent. If you think the process of selling with an estate agent is far too slow, though, you have other choices.
You could list your home with a property auction company. In cases like these, your home will usually go for at least 70% of the market value, and often, the sale will close in as little as thirty days. You could also work with a cash investor. You’ve likely seen these teams advertise in various locations with slogans like “We Buy Any House For Cash.” These groups are looking for the best possible investment for the lowest money, but often, they’ll pay up to 75% of the market value for a home. The bonus of working with a company like this, though, is that they can usually complete the home sale process in as little as two weeks. While you may get quite a bit less for your home with this kind of sale, you’ll get speed in return.
There are many different reasons you may need to sell your house as fast as possible. Fortunately, should you find yourself in that situation, you do have at least a few options on the table. While you’ll always likely make just a bit of extra money if you hang on and wait until the right buyer comes along, using one of these options can help you move your house off the market far faster and put cash in your pocket much sooner.