Do you need to move quickly yet still want to sell your home? Even in the seller’s market today, it usually takes a little over two months to sell a house from when it is listed until it is closed. This does not take into consideration any pre-listing preparations that may have been necessary, such as cleaning, decluttering, and staging the home.
You’ll need to get creative with your preparations if you don’t have the flexibility to accommodate this timeframe, which considers the average of fifty days spent waiting to process a funded buyer’s mortgage application.
When you ask, “How to sell my house fast?” there are several choices available, including:
Find A Cash Buyer
The mortgage application and approval process are frequently the most time-consuming and difficult part of the conventional house closing process. It may take a lender several weeks to order and go through the process of reviewing a house appraisal, produce funding and closing paperwork, and underwrite a mortgage application.
On the other hand, all-cash buyer offers are not contingent on the buyer obtaining a mortgage, which means they can typically close in less than two weeks. Keep in mind, however, that the convenience of a cash sale will typically come at an increased price.
Consider Selling to an iBuyer
iBuyers are companies specializing in real estate technology and acquiring homes via the internet. You provide the iBuyer information about your property, and it runs that information through an algorithm to come up with an offer, which you can choose to accept or reject.
You may not get as high of a price through an iBuyer as you would using a conventional listing, particularly if other offers are competing with yours. However, the procedure is typically uncomplicated and quick. The selling process with an iBuyer can be completed in as little as a few weeks.
Hire the Best Agent
It is normal to worry whether a real estate agent would operate at a quick enough speed to sell your home if you are working under a strict time constraint. In light of this, it is clear that not just any real estate agent will do. Hire an agent with a proven record of selling properties similar to yours in a short time to give yourself the best chance of making a rapid sale. You may get this information by looking at the data for their typical number of days on the market (DOM) and their purchase and sale history.
Take the FSBO Route
You can sell your house on your own if you don’t want to deal with the hassle of paying a commission to an agency or accepting a poor offer from an iBuyer. This eliminates the need to wait on someone else to get things done, which can speed up the sale process if you know what you’re doing and are competent in that area.
It is essential to have a realistic outlook if you want to sell your property in a short amount of time. You may have to give up something to gain speed. However, following the best practices may help make your property desirable to buyers, speeding up the process of selling your home and getting a better price.