Selling Your Home Fast For Cash? 4 Tips To Ensure Success
Posted on: 29 May 2019
You loved your home for a time, but now you just need to get out from under it. One option is to sell your home for cash. The benefit of this option is that, well... it gets cash in your pocket quickly. The downfall is that there is a lot of room for error. Many people who sell their homes quickly for cash don't end up bringing in as much as they could, or they end up dealing with legal snafus that cost them in the long run. Here are some tips to help you avoid all that and have a good selling experience.
1. Have the home appraised.
In your urgency, you may assume you can just guess the value of your home based on what you bought it for and the improvements you've made since then. But there are so many factors that go into determining a home's value, from how the neighbors care for their landscaping to the distance to the nearest grocery store. To make sure to you do under-value or overprice your home, have an appraiser come take a look and offer their opinion on what the home is worth. You might end up selling for a little bit less than that since you're looking specifically for cash offers, but you'll at least have a benchmark for reference.
2. Clean, clean, clean.
Even though you are not selling on the open market, your home needs to be clean! Take two or three days, and clean everything, from top to bottom. People will pay a lot more for a home that is clean than for one that they know they will need to clean upon moving in. If you do not have time to clean, hire a cleaning service. Paying them a few hundred dollars to deep clean your home will mean you can charge a few thousand more.
3. Tell everyone you know that you're selling.
"I need to get out from under my home" may not be something you feel comfortable telling your friends, but that's something you need to work on. Many cash-sale homes end up being sold to friends or a friend-of-a-friend. So tell everyone you know that you are selling for cash, and have them spread their word.
4. Host an open house.
Even though you are not selling conventionally, you can still have an open house to get lots of people in the door to look at once. This will minimize the number of sale appointments you need to make with individual buyers and will generate more interest in the home.
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