I Need to Sell My House Fast, What can I do?
Selling a house is a nerve-wracking undertaking. In fact, a Daily Mail report found that selling a home may be more stressful than bankruptcy or divorce.
Now, throw in the fact that you need to sell your house fast because of a new job, financial hardship, or otherwise unexpected life upheaval?
Well, the Pressure. Is. On.
But making rash decisions in haste could leave you second-guessing and kicking yourself over your sloppy decisions down the road. If you want to sell your home both quickly and with confidence, you’ll need to know all of your options so you can make an informed decision that best aligns with your current circumstances and goals.
Let’s review your choices so you can look back on the experience of selling your house fast with no regrets. You’ve got options so we’ll cover a lot of ground, including the ins and outs of how to:
List your house with a top real estate agent in your area who has a proven track record of selling homes quickly.
Request a full cash offer on your home through a platform like Simple Sale for a faster closing.
Take matters into your own hands by going the FSBO (For Sale By Owner) route.
See if you qualify for a short sale in the event that you’re underwater on your mortgage.
Get buyers bidding on your house by selling it at auction.
Now, we’ll dive into each of these paths one by one so you can decide which one is right for your individual home-selling needs.
Selling with a realtor might be a good choice as you could probably get a higher offer but it is not always guaranteed plus you might need to wait a few weeks, or months and deal with showings till closing. Don't forget that you will also pay 5-6% in realtor fees and 2-4% in closing costs.
But not all houses can be sold on the open market, and sometimes when you are under pressure to sell quickly the best option might be to sell to a cash buyer like Easy Outs Homes. Especially if you’d rather not deal with home prep, showings, and stagings, and simply need a fast out. While most sellers are focused on commanding the highest price for their home and choose to list it the conventional way with the help of an agent, a sudden life change can make selling your house for cash instantly an attractive option, even if it means taking a price cut. You can request a no obligation cash offer from Easy Outs Homes here.
Easy Outs Homes are a local Maryland house-buying company. Due to having lower operating costs than the national and larger local companies, we are usually able to offer more for your house than many of our competitors!
Why do we go out of our way to give you the highest possible offer?
Well, if we can offer you more than our competitors can, you will sell your house to us! And that is what we want! The more houses we buy and sell, the more we can help others with our mission.
What If I Need Something Other Than Just Cash For My House?
Need money from the sale of your house before you can move? Not a problem! We can arrange for you to have the time after we buy your property in order to do so.
Owe too much for the average buyer to pay but still need to sell? No worries! We can craft an offer where we take over your mortgage payments. Additionally, if the numbers make sense, we may even be able to pay you a monthly amount on top of the mortgage payment. So you could receive “money in your mailbox” each month without any of the hassles or headaches involved with keeping or maintaining the property.
Not sure where you’ll be moving after you sell your house? That’s just fine! We work with you to make sure that process is as smooth as possible after you sell your house. We can even point you in the direction of a local real estate agent or property manager to help you find your next home. Or if you, or your loved one, are in need of assisted living after the sale, we can connect you with local professionals to help you find the perfect place!
Think about it…
Do you have the time, energy, and resources to pay for repairs and maintenance while your house is waiting to be sold? What about paying the utilities and the mortgage every month?
Then you have to still pay the real estate agent a commission. Most homebuyers will also ask that you pay for some or all of their closing costs.
All of this adds up quickly… and your “top dollar” price quickly ends up amounting to a lot less than you had anticipated!
Sell your house in Maryland to us and you’ll enjoy a quick and easy sale! Avoid all of the hassle involved in getting your property ready to list with an agent.
"I need to sell my house fast", do you think FSBO the way to go?
Selling your home yourself means you can avoid losing 5-6% of your equity toward paying your real estate agent’s commission. But it still means you have to do your own marketing, show your house, find a buyer, deal with documents, etc.
Should I short sale?
The main thing you need to know about short sales is that the “short” refers to money, not time. Selling short means that your lender has agreed to allow you to sell your home for less than you owe on it.
As a general rule, short sales take a lot longer to finalize than a regular sale.
“They call it a short sale, but it’s the furthest thing from a short sale. The quickest short sale I had was probably about four months, and I’ve had short sales that lasted over two years.”
Not only will a short sale take a lot longer to complete, most sellers aren’t even eligible to short sell their homes. You likely need to be financially underwater, behind on your mortgage, and facing foreclosure. Even if you’re eligible, your lender (or lenders if you have debt on the property with multiple entities) does not have to agree to a short sale.
So if you want to sell your home fast a short sale is definitely not the way to go.
For getting your home sold quickly you could try auction.
While you will know the exact date your home will sell thanks to the auction option, this may not be as quick as you’ll think. According to Forbes, auctioned homes take an average of 45 to 60 days from listing to close.
Selling at auction is risky, too, because you have limited control over the final sales price. As the seller, you set the minimum bid you’ll accept, typically at 10%-15% below current market value (auction experts advise this to generate more interest among buyers), but after that, it’s up to you to accept the final bid. Competing buyers may bid up the price over the market value or you may be stuck accepting that minimum bid offer.
Not all properties are ideally situated for auctions either. NAR advises that sellers self-test the market, their home and their financial situation with the Two-Thirds Rule to determine if an auction is the right option.
One of the major factors is that your home needs to be carrying a lot of equity — up to 25% — to see any cash from an auction sale. After all, the last thing you want is for your home to sell for less than you owe.
If you are considering selling your house fast: You’ve got options! Get a No Obligation Cash Offer here.