How To Sell Your House Fast?
Selling a property is one of the most nerve-wracking and stressful undertakings a person can experience.
In fact, reports show that selling a house can be more stressful than divorce, bankruptcy or bereavement.
Furthermore, things can become more stressful when the house needs to be sold quickly.
Speedy sales can leave most people second-guessing their decisions resulting in a sale that is much less than the property’s market value.
If you want to sell the property with confidence and quickly, you need to know the various options available.
This article will provide information on the choices homeowners have to sell my house fast Denver.
1. The Real Estate Agent
According to statistics, approximately 89 percent of homeowners use real estate agents to sell their properties.
The reason for this is because agent listed homes tend to sell for more than the other options available.
When time is an issue, most homeowners will think that opting for an agent is not a good idea; however, that is not true if you want to sell the property within a few months.
Based on a report from the National Association of Realtors, homes sold by real estate agents are on the market for an average period of one month or less.
This means that your sale could be completed within a single month or less, and you will receive a considerable profit as compared to other types of sale options.
As a seller, using a real estate agent means that you have a representative on your side to assist you with the process of selling.
Not only will they help avoid any problems with escrow, but they will also help you choose the best offer for a speedy transaction.
The key to ensuring a speedy sale is by hiring a reputable agent.
It is recommended that you ask family and friends for recommendations as word-of-mouth is the most valuable referral option.
So, is a real estate agent the quickest way to sell a house? No, definitely not.
You can make a speedier sale by using an investor or listing the property at an auction; however, you will lose most of your equity in these cases.
2. For Sale By Owner
Another method to sell my house fast Denver is the For Sale By Owner option.
Regardless of whether you are pricing the house under its market value or selling to an investor, if you are selling quickly you will receive less cash.
When using the For Sale By Owner alternative, also known as FSBO, you will be selling the property independently and avoiding payment of real estate agent commission.
One of the benefits to an FSBO market is that finding buyers is not too difficult as we are currently in a seller’s market.
Furthermore, buyers tend to have their own agents who handle real estate transactions; so, do you really need your own real estate agent?
If you want to ensure a quick sale, then yes. A buyer’s agent is a buyer’s agent.
It does not mean that the closing of the property purchase will be quick because this is not a priority to the buyer.
The agent will meet the client’s needs during the sale and place your need for sales speed second.
Aside from being your representative, a seller’s agent will know the tricks to gain a speedy sale from pre-listing to closing.
If you are set on selling FSBO, it is essential that you learn about the closing documents you and the seller will need to complete to close the sale.
You will also need to hire an attorney and title company to help complete the transaction.
Without a real estate agent to maintain track of these complexities, you cannot guarantee that the sale will proceed smoothly or quickly.
3. The Short Sale
When considering a short sale, it is important to note that the term ‘short’ refers to money and not time.
This means that the lender has allowed you to sell your property for less than you owe on the house.
As a rule, selling short takes much longer to finalize and close than the typical property sale.
According to experts, the short sale is potentially the furthest thing from short or speedy with sales lasting four months to two years.
4. The Property Investor
If you want to sell my house fast Denver where speed means more than money, then the ideal option is a property investor sale.
According to Forbes, investors present with various benefits including the ability to close a deal in one week.
Furthermore, investors will purchase a home ‘as-is’ meaning you do not need to renovate; they will also offer different payout methods including a lump-sum cash payout.
As can be seen, there are many different types of selling options available when you want to sell your house quickly ranging from the short sale (which isn’t so short) to the real estate agent.
The quicker you sell, the less you earn, and this must be considered when choosing an option.