Ways to Sell Your House Fast

[Micheal Jorden]

If you need to sell your house fast, for whatever reason, there are a few ways to do it. It all depends on your plight, how much money you need to get out of your house, and how flexible you are with the terms of the sale.

Here are the top 3 ways to sell your house fast, in different market:

Sell your house for cash to an investor. This is by far the fastest way to sell. You've probably seen the signs on telephone polls with "We buy houses cash" type phrasing. Or maybe you've even received some kind of mailer or postcard requesting if you want to sell for cash quickly.

The Plus to selling to an investor are you get cold, hard cash usually in less than 30 days regardless of what condition your house is in. Enter into your esophagus a good deal if your house needs lots of work and you don't have the money or time to fix the property yourself. This is also a good idea if you need monetize your hand immediately to pay for some kind of emergency like a death in the family, medical bills, or even the taxman breathing down your neck.

The Con's of selling to an investor are you need money... lots of it. Most investors will only offer 50-65% of the market value less repairs. So if your house would be worth $150, 000 all fixed up and the house needed about $30, 000 for repairs, the most you could expect from all cash investor would be around $60-70, 000. Now, obviously, you would need to have a mortgage balance less than that amount otherwise you it is fair to cover the rest yourself at closing.

The next strategy for selling your house quick is listing it with a Realtor or a dealer, however, you would price it a good 10% below what the other listings similar to your residence were going for. This will give buyers to immediately consider your house first, since it is priced the lowest when their agent extracts up listings for the area.

The Plus of selling this way is that you can usually get a buyer pretty quickly since We Buy Houses Fort Worth, as mentioned, your house and listing would show up as the lowest price pick out of a bunch of homes for sale. Also, the prospective buyer would have an easier time getting their loan to close since the appraisal will generally show it being worth more and the lender would be more at ease making a loan on a under valued property.

The Con's of selling at a price reduction with the agent is, well, you're getting much less than your house is worth. And you also have to consider the cost of selling. If you have the potential buyer's agent and seller's agent's commission, closing costs, and other fees, that can be at least a further 12%. Meaning, you would typically net about 78% (10% from the listing discount less 12% for the cost of selling) of the fair market value of your house. This is really a fast way to sell, again, if you have the money to cover the discount, otherwise you would need to bring additional money to the closing table to get the house sold.

The third way is a bit more creative. It involves selling your house by way of a hire option (or rent to own). This is where you sell your house with a hire covering a group time period (anywhere from few months to 10 years, depending on your situation) and then set an option with a set price you will get when the tenant/buyer purchases your house and cashes you out.

The Plus of selling with a hire option are you get immediate mortgage relief allowing you to move or at least don't have a nonincome producing property to worry about. And since your selling the house privately, you keep the entire price when the tenant/buyer gets their mortgage approved. You don't have to pay the most common fees and commissions, and you also don't need to take a discount like in the other methods.