Once you’ve decided that you are going to sell your property, probably the most expensive asset you have ever owned, a chain of complex and stressful events sets off. Selling your house quick can be a nerve-wracking process. It is considered to be one of the most stressful experiences, right up there with bankruptcy and divorce.
On average, in US a typical house sits in the market for a number of 68 days before being finally sold. Typical house selling process is a tedious exercise and generally include the following steps.
This whole process could take up any number of days or even months, depending on factors such as, whether it’s a buyer’s or a seller’s market or how direly is your property in need of repairs? However, the aforementioned process could radically change should you decide to go the “quick house sale” way using a quick sale company. Therefore, very early on in the process you will need to decide on the general course of direction your house selling process will take. Selling your house using a quick sale company may not be for everyone but there are a quite a few situations when it will suit you better despite some of its inherent shortcomings.
When going the conventional way, house selling can take a number of months before the cash changes hands. Moreover, before you finally get paid for your property, there are a number of cash outlays throughout the tedious process such as:
One of the most apparent benefit of a quick house sale is you sell to a cash home buyer and are able to receive cash offer for the property. The process is straightforward and quick.
It will save you the time in waiting to see if the bank will finance your buyer or not. Moreover, there is no further hassle of keeping aside the realtor fees and deducting commissions from the sale price. The amount quoted in the offer sheet goes right into your bank account.
The quick sale companies ensure a speedy sale of your property by either purchasing the house themselves or quickly locating a buyer or investor who would purchase your property. The catch here is that they would pay you less than what the market value of your house may be, by almost a 20 to 25 percent. So you stand to lose out on the value of probably your most expensive asset by selling it quickly. However, those who are looking to sell the house fast, this is a bargain they are willing to make. In return, they receive the much needed cash that they can benefit from by paying off their debts and sorting out their financial woes. The quick cash in such circumstances can be the primary deciding factor.
Deciding on the quick sale course and selling through a cash homebuyer, is comparatively smooth and a great deal faster than the traditional way of selling through the real estate agents. You don’t have to go through the hassle of dealing with a numerous third parties such as the lenders, realtors, appraisers, home inspectors or banks when selling to a cash homebuyer. It’s often just you and the quick sale company representative, one on one.
Furthermore, Selling through a realtor usually takes months and could potentially extend to years depending on the condition and location of your property. Cash home buying companies provide a hassle free and swifter alternative when you need to move out quickly for a number of reasons. Deduction in the value of your property that you receive is every bit worth the freedom and ability it affords you to move out quickly. This could mean that you’re now able to take up that dream carrier opportunity in another part of the world or being able to move out quickly due to health reasons or due to old age etc.
The freedom afforded to “sell as is” is every bit worth the deduction in the price of your property. When selling the traditional way, the owner will most definitely need to patch up their property before they can hope to sell it. And the costs for doing so could quickly add up. Refurbishing bathrooms and kitchens, painting the interiors and god help you if your house is stricken with mold or any serious plumbing and electrical work. Tending to these will take up a lot of time and substantially add to your costs as repair works such as plumbing and wiring and fixing that dreaded mold problem doesn’t even add to the value of the property. it is just the mandatory outlay if you hope to sell your property or good luck trying to lure the buyers back in once they bolt having found that mold stricken wall or foundation cracks. The realtor would also insist and push for these repairs so he can maximize the asking price. Cash homebuyers however, are nothing like your traditional buyers and will be least concerned by the repairs required. They will buy the property as is and save you the time, the hassle and the sunken cash outlays at the last moment.
All in all, the above information shall provide you with ample knowledge to decide if the quick selling through quick sale companies is what you need. To really help yourself with the nerve wracking task of house selling, you can enlist our dedicated services to make the whole process seamless.