Selling a house even when the market conditions are good can be a slower process than most people anticipate. According to https://socialifestylemag.com, it can averagely take 46 to 55 days to sell your home. The long wait can not only be frustrating but also mean you get less value for your property as time goes by. If you want to get rid of your home fast, you can think about selling it for cash to a real estate investor. However, to ensure that you can conclude the deal quickly and get the best value for your home, you need to avoid some common mistakes:
Listing the Property with a Real Estate Agent
Using a real estate agent is the most popular method of selling a home since, it is both easy and convenient to let the agent do all the heavy lifting like marketing the property, arrange showings, negotiating the best prices, handling the documentation, and concluding the sale. However, if you intend to sell your house for cash, you should not list it with an agent because they never handle all-cash deals. This means that if you use any other method to sell your home, you are still obligated to pay the agent his commission, even if the sale was not brokered by him.
Renovating or Staging Your House
Hardcore real estate investors want to buy the property on an as-is basis, carry out the repairs, and flip it for a handsome return. The price they quote to the seller is for the house that they can upgrade to their satisfaction for getting the maximum profits. This is the reason why it can be a complete waste of effort and money to renovate, repair, or stage the house to make it more appealing. Learn more about how real estate investors assess the value of properties at https://phillyfairoffer.com/buy-my-house-philadelphia.
Expecting to Get the Prevailing Market Value
While selling your house for cash ensures that the deal goes through very quickly, the downside is that you will not get the prevailing market value from investors since they are in the business of fixing it and flipping it to make profits. However, you can be sure that the reputed players will pay you a fair price. If this is a letdown, remember, you can save a lot when selling to an investor because you don’t have to incur the cost of repair, the agent’s commission, and other fees and costs associated with a conventional sale. A big advantage of selling for cash is that you know the amount you will get is the amount quoted by the buyer.
When you are in a hurry to sell your home, engaging with real estate investors instead of real estate agents can be the right thing to do. However, you should ensure that you are ready to move out very quickly as most of these deals happen very fast since there no need for appraisals, inspections, and other due diligence work that typically hold up property sales. Of course, to get the best price, you should talk only to the reputed players in the industry.