Options For Quick Home Sale
If you need to sell your house fast, then you have 3 different options
. You can list your house with a Realtor, try to sell home fast yourself, or sell it to an investor. Each one of these has its perks and disadvantages. Below I am going to go in further detail so that you are better informed when you find yourself asking the question, "how am I going to sell my house fast?"1) Realtor/Real Estate Agent - This is probably the most common route sellers take when they are trying to sell home fast. The positive side to this choice is you are trying to sell your house at full price and you have a chance of doing so. The disadvantages are you will have to pay the agent a commission, normally 6%. Most real estate agents are not very good advertisers so the only exposure your house will get in on the Multiple Listing Service (MLS). In my opinion, this 6% commission is not justified because all they are going to do is place a sign in your hard and place the property on the MLS and wait until another agent brings a buyer. It is not uncommon for these properties to sit on the market for 9+ months especially in today's economy. So if you want top dollar for your house, you have a "set it and forget it" attitude, and time is not important then selling your house through a Realtor is your best choice.
2) For Sale by Owner (FSBO's) - A perk to this method is that you are trying to get full price for your house and you do not want to pay a Realtors commission. However, the key to success is exposure. You have to get as many eyes on your house as possible. So if you are a great marketer/sales person then this is the way to go. However if all you are going to do is stick a sign in the yard and hope it sells well you are wasting your time. Well I take that back, if you live in a hot market then you might stand a chance. But in today's economy, there are not many hot markets out there. For Sale By Owner homes often sit on the market longer than the homes listed with Realtor's. Another disadvantage is you will have to deal with a lot of "tire kickers" tromping through your house. Many of them have never bought a home, probably cannot afford to buy a home, will not have financing lined up, and probably cannot get financing. All of which is a waste of your time. So if you want top dollar for your house, do not want to pay commission fees, willing to actively market your house, know how to thoroughly screen the buyers, and time is not important then selling your house yourself is the way to go.
3) Investors/ Real Estate Investment Company - This method has many positives but also has a few negatives. One of the main perks is that investment companies specialize in Quick Home Sales. They can purchase your home in less than 7 days and will pay cash for house. The fact that investment companies will pay cash for home is a huge perk because there is no financing contingency. If you have ever tried to sell your house before you know that there is nothing more frustrating than having a buyer lined just to find out their financing fell through. Another perk is that investment companies will buy your house as-is. An investor will buy any house regardless if you have a crappy house or an ugly house. A disadvantage of selling to an investment company is that they will not pay retail for your house. Investment companies are looking to make smart investments and are not a non-profit organization. Selling to an investor is the right way to go if you need to sell house fast, have a crappy house, have a ugly house, need quick cash for house, and need to sell house quick.
The route you take is entirely up to you and depends on your situation. Realtors and For Sale by Owner is the right way to go if you want full retail price and you are not pressed for time. But if you ever find yourself asking the question how am I ever going to sell my house fast? then selling to an investor may be the best way to go. One such investment company is Smart Property Solutions, LLC. They specialize in quick home sales and will make you an all CASH offer in 48 hours or less. Regardless if you are in a crappy house in need of repair or in a crappy situation like job loss, foreclosure, or divorce, they will buy your house.
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