If you’re moving towns for a new job, have inherited a home in disrepair, or are facing foreclosure, you might be looking into options to sell a home quickly. We’ve all heard the horror stories of homeowners whose homes have sat on the market for months, even years. When you need to move on quickly, the prospect of a lengthy traditional home sale is intimidating, and truthfully, it isn’t always the right option for every homeowner.
It’s good to know that listing your home on the market with a realtor isn’t the only way to sell a home. If you’re hoping to sell your home quickly, here are three of the fastest home sale options:
1. Opt for an As-Is, Cash Sale
An as-is sale is the quickest way to sell a home. When you sell your home as-is, you have the potential to sell and actually close in days, not weeks. No other selling option comes close to the short turnaround on an as-is sale, especially when the sale is made in cash.
We’ve talked about as-is sales before, but if you’re new to the process, here’s what you need to know:
An as-is sale happens when you put your home up for sale exactly as it is. You don’t do any repairs, you don’t paint, and you don’t even have to clean.
As-is sales are great for homeowners who need to move away quickly, or who are dealing with a home that needs a ton of repairs. Whether you’ve accepted a new position across the country, or have inherited a home that’s in disrepair, an as-is cash sale is hands down the fastest way to sell a home.
2. List Online for a Competitive Price
Selling your home as-is is certainly the fastest way to sell a home, but it may not be right for everyone. If you’re hoping to sell your home quickly, but you have time to make a few repairs and tidy up, you might consider listing your home online for a competitive price.
Listing your home online is a great way to potentially find a seller, especially when you list your home at a price that makes it clear that you’re ready to move. Home flippers, DIYers, and real estate investors keep an eye on digital deals, and if you post your home on a popular site like Zillow or Redfin at a price that’s pretty reasonable, you could see a number of offers in a short period of time.
A potential benefit of listing for a competitive price is the potential for a bit of a bidder’s war. If you start with a competitive price, and you end up with multiple interested parties, you could get a bit more money out of the deal.
It’s important to remember that if your goal truly is to sell your home quickly, you’ll likely want to choose a buyer who can make a cash offer. When there are no concerns regarding lenders and financial paperwork, you’ll be able to close much more quickly.
3. See if You Qualify For a Short Sale
If you’re having trouble keeping up on mortgage payments, a short sale is another potential selling option. When done properly, you can close a short sale within 30 days, but you’ll have to make sure your lender and buyer are all on board first.
The first step is getting your lender to approve a short sale. This is the part that is likely to take the longest. Depending on your lender, approval could take anywhere from just a few weeks to a month or longer.
That said, once your lender has approved the short sale, they’ll want to close on your home as quickly as possible. If you have a qualified buyer all lined up to purchase the home, you could be able to close in as little as two weeks.
Though a short sale isn’t the quickest way to sell a home, it’s still a quicker option than listing it on the market, and it’s a good option for those who are concerned they won’t be able to catch up on mortgage payments in the near future.
Selling your home quickly doesn’t have to be a hassle. You have a variety of options for selling your home, depending on how quickly you need to get out, and what your goals are for the home sale. If you’re looking for a fair offer and a quick close (as little as two weeks!) Renewed Homes can help you move on. Give us a call at 269-362-0931 or contact us online today for your free cash offer.