Listing a house is never easy. There are a lot of things that have to come together before you can even put your house on the market. But if you want to not only sell your house, but sell your house fast, there are several things that you must consider. For one thing, you have to understand that if the goal is for you to sell your house as quickly as possible, a real estate agent isn’t necessarily the answer. In fact, one of the reasons why many homeowners consider selling FSBO, which stands for “for sale by owner,” is that they can dedicate their undivided attention to selling their home. While you may feel that this is something a realtor would do as well, this is not always the case. Lots of realtors are split between numerous properties at once, and they may prioritize more valuable properties over less valuable properties due to the fact that they’ll get more in commission from the sale. Additionally, you’ll need to pay that commission on top of the closing fees that you’ll already owe. This is why a lot of people take advantage of direct sales when they can; but many aren’t even aware that this is an option, due to the ways in which traditional home sales have dominated the real estate market. Let’s look into this form of home selling so that you can understand whether or not it’s right for you.
What Is The Direct Sale Of A Home?
Direct sales of homes differ from traditional sales in several ways. The traditional sale of a home will have a home sold through a real estate agency, and it will enter the market and stay there until the agents find qualified buyers. Usually, those buyers will apply for mortgage loans in order to buy the house. Normally, direct sales have you directly selling your home to a company of some kind. You can skip through working with a real estate agent; you will set the price or take an offer from the buyer, and you will handle the sale yourself and therefore won’t have to pay commission. A lot of the companies that buy homes directly buy them in order to “flip” them and sell them for a profit. For this reason, many companies that buy homes are acting as cash buyers. Rather than getting a loan, they often the entirety of the sales price in cash, up front.
What Are The Benefits Of Selling A House Directly?
There are a lot of often-overlooked reasons why many homeowners like to choose direct sales for their homes. For one thing, a direct sale usually means that the home is being sold as-is. You won’t have to make repairs before your house is sold, which means that you not only can sell your house more quickly, but won’t have to invest more in it either. You also can save further money on the commission that you would pay a real estate agent, as well as listing costs. A cash closing usually takes around one to three weeks, versus the four to seven weeks averaged by a sale requiring a mortgage. You can skip over waiting for appraisals, and for that matter, you won’t have to wait nearly as long to find the right buyer.
What does that mean? When selling a house for cash, you won’t have to worry as much about the buyer falling through. This is because cash buyers are paying for the house in full, and therefore don’t have to apply for a loan. Many home loans are denied in this day and age, which means that even if someone wants to buy your home, they may not necessarily be approved for one. You can trust that a company has the money to pay for your house, and is also experienced in the process. Ultimately, this will make the process much simpler for you.
There are a lot of issues that go into selling a home. But if you need to sell your house fast and want to set your own price, consider selling your house directly.