When it comes to selling a home, priorities may differ. While some people may want to start a bidding war in order to walk away with the biggest profit, others are more interested in finding a buyer within a short amount of time. However, if you want to sell your house quickly, you may be wondering the best way to go about it. And contrary to popular belief, working with a real estate agent may not always allow you to accomplish that goal. Let’s take a closer look at why that is — and reveal the number one secret to selling a home quickly.
The Hidden Delays of Traditional Home Sales
Although working with a real estate agent may be the conventional way to go, it’s not always advisable. Real estate agents typically earn commission rates of 5% to 6% on the homes they sell — which can equate to thousands (or even tens of thousands) of dollars when all is said and done. And while an agent might be motivated to sell your house quickly in order to receive their payout as soon as possible, keep in mind that deals aren’t always completed as fast as lightning.
In fact, selling your home on the real estate market can take months. The typical U.S. home spent between 65 and 93 days on the market in 2018. That means that, after it’s listed, it could take more than three months to finalize the sale. And that doesn’t even account for delays relating to making home improvements prior to listing. Home upgrades, staging, inspections, and negotiations all take time. And if you don’t have much time to spare, this can put even more pressure on you to accept any offer. What’s more, if your real estate agent doesn’t have the experience necessary, your home could sit for even longer with no interested buyers. Ultimately, this can be a recipe for disaster.
The Secret to Selling Your Home Fast: Cash Home Buyers
When your main goal is to shorten the sales timeline, you’ll want to sell to cash home buyers. Home investors won’t require you to fix up your home prior to selling — and since you’re going to sell to cash home buyers directly, you’ll have much more control over how quickly everything is finalized. Rather than waiting several months for the sale to go through, you can seal the deal within a matter of days. While this method may be overlooked, it’s one of the best-kept secrets of quick real estate sales.
Many people simply don’t have the luxury of waiting around for an offer. When you’re looking for a fresh start right away, making the decision to sell to cash home buyers can be a good one. To learn more about selling your home to a cash buyer or to obtain a quote for your home, please contact our team today.