Selling your house for cash may sound like a good idea to you, but how can you maximize your quick cash sale benefits?
Many homeowners are benefitting from house cash sales. In fact, in many markets, cash for home sales are reaching a very high percentage of sales. One can sell a Portland or Phoenix house quickly, for example, a trend that is growing. We’ve listed here ways to maximize the benefits of a quick cash sale.
Forego the Renovations. Many real estate investors will buy your house for cash regardless of the property’s condition. You may be able to save a tidy sum by avoiding costly repairs, renovations and upgrades that may not add significantly to the value of your property by selling it “as is”. Selling “as is” also speeds up the sales cycle, putting money in your pocket now that you can use for other purposes immediately.
Get the Best Price. Look at recent home sales in your area and understand the fair market value for your house in its current condition. Shop around for a fair price. Be wary of real estate investors who try to lowball you and pressure you into a sale. The ability to sell a Portland house fast, for example, has attracted some questionable investors to the Portland and Phoenix housing market. Look for an experienced, reputable real estate investment firm that knows the area and will offer you a fair price without undue pressure.
Don’t Pay Unnecessary Fees. One advantage of a house cash sale is the ability to avoid fees and commissions associated with traditional real estate sales. You should not have to dig into your pocket for fees, and certainly not commissions, for a house cash sale. Select an offer from an experienced, local real estate investor that offers low or no fees.
Get it in Writing. Protect yourself by getting a written contract with guaranteed payment. Read the fine print of the contract and clarify any questions before signing. If you are still unsure, consult an attorney. Real estate deals involve a lot of money, so ensure you are protected. If a real estate investor offers you a deal without a contract or without clauses that protect your interests, walk away.
Get Your Cash Now. House cash deals should be fast deals. A big advantage of a cash house deal is that you avoid the time associated with listing with a realtor, putting your house on the market and waiting for buyers to qualify for a loan. The cash you realize from a house cash sale can start working for you immediately. Whether you intend to use the cash to pay off debts or for other investment opportunities, the sooner you have it in the bank the better. Don’t accept a sale condition that requires a waiting period. Ensure you will receive your money at the time of sale.
A house cash sale can provide the seller with distinct advantages. Paying attention to a few details can help maximize the benefits of a quick cash deal.
Could you benefit from a quick cash house sale?
Do you have a piece of property (house, lot, or land) you’d like to sell fast? Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property.