7 Reasons to Sell Your House Quickly Even for Less Than Appraisal
It might seem like a bad idea to sell your house quickly without getting the full value of the appraisal. When you factor in all of the costs and difficulties associated with selling a house, though, the idea of selling quickly doesn’t sound too bad.
We’re going to take a look at the benefits of selling your house quickly for cash, even if the value doesn’t reach that of your appraisal.
Sell your house quickly, Let’s get started.
The most obvious benefit of selling your house for cash is the speed. Most homes take somewhere from 30 to 45 days to sell on the market, which might be a lot more time than you have to get the house off of your hands.
The more time it spends on the market, the more costly the process becomes for you. Selling your home for cash typically involves a guaranteed offer, and the process can take less than a week from start to finish.
2. Reduced Stress
Wondering how your home is going to sell, getting it prepared for the market, and dealing with negotiations and agents can be stressful.
Taking all of that off of your plate can reduce the stress level significantly. Don’t rule out the importance of stress in your decision-making process. In our culture, we’re often expected to push through things and deal with them regardless of how stressful they are.
Stressful situations, though, put a significant strain on your health. Not to mention the fact that something like selling a home can put a strain on your relationships and work-life as well.
3. No Realtor Fees
Realtors are necessary (in a lot of cases) if you want to put your house on the market. While there are a lot of ways you can sell your home without professional help, most people bite the bullet and pay a realtor.
Realtors end up raking in a lot of money off of the sale of your home, though. They typically take a percentage of the sale price as a commission, and you wind up with less money for the home.
You also have to put a lot of faith in them. Working with a realtor almost requires that you trust them implicitly, which can be stressful when you’re talking about something as significant as your home.
4. Sell Your House as Is
Another big factor in the home selling process is the need to make repairs. Realtors might give you specifications on what needs to be done before they help you sell, and those repairs can be costly at the moment.
Additionally, scraping together money to invest in your home can be hard. Sure, investing in your home can increase the sale value, but it requires a lot of work on the front end.
Selling your home for cash allows for an as is home sale. In other words, most companies will take your home off of your hands with no questions asked. You don’t have to make repairs, even if they’re fairly significant ones.
5. If You Need Fast Cash
There are a lot of situations in life when you need a significant amount of money at a moment’s notice. Whatever the emergency, the traditional home-selling process is too long for you to wait through.
As we mentioned above, the process of selling for cash takes somewhere around seven days, and the money is yours after that point. There are few other opportunities in life to get that much liquid cash in such a short amount of time.
Quick home sales can be a godsend to those who need them. Whether it’s a medical emergency, pending foreclosure, or something else pressing, keep the idea of selling your home quickly in mind.
6. Net Loss is Small
The idea of selling your home for less than it’s worth can be daunting. You wouldn’t want to miss out on significant amounts of money if you didn’t have to.
The nice thing is that once you do the math, quick home sales tend not to be too much less than the asking price you might give in a normal sale. Sure, the sale price is lower, but you have to factor in things like closing costs, listing fees, and other odds and ends that build up over time.
So, while you won’t get quite as much, you won’t be selling yourself too short. The stress, confusion, and consequences if you don’t have cash in an emergency might be more than enough to justify the decision.
7. The Home is Causing You Problems
Your home might be falling apart and repairing to sell for a profit is too expensive for you to manage. You might have gotten the home in an estate and want nothing to do with it.
It could also be that property values are plummeting and you need to get the home off of your hands before it does damage to your portfolio. There are a million ways that a home can go from a great investment to a nightmare.
In those instances, the last thing you want is a massive financial obligation to the bank. Getting the home off of your hands might be more difficult than you first thought as well.
Homes that are in disrepair often sit on the market for a lot longer than the national average. Whether you can identify the problem or it’s just something about the house that people don’t want, selling the home for cash is a simple solution.
Remember, the longer you leave the home on the market, the more it costs you to maintain and keep listed. If you’re running low on luck and don’t think you’ll find a buyer, you know who to call.
Do You Need to Sell Your House Quickly?
If you need a way to sell your house quickly, we’re here to help you move forward with the process. We can help you with the details of selling your home for cash, and make sure you understand the entire process.
Contact us for more tips for selling a house as is, getting it off the market, and getting on with your life.