Buying a house can be an overwhelming task, but
selling a house is even more nerve-wrecking and stressful!
In fact, reports have found that selling a home can be more anxiety-provoking than bankruptcy or divorce. Moreover, things become more stressful when you need the property to be sold quickly.
All the haste often leaves people second-guessing decisions and making poor choices where you land up selling the home at a loss.
If you want to sell the house quickly, with confidence, and at a decent price, then you should consider the options to sell my house fast Roanoke.
1. Contacting Real Estate Agents
Potentially the most popular means of selling a home, statistics show that approximately 89% of hoe sellers use real estate agents.
This is because real estate agents use their marketing skills to sell the property for more money than any other alternative available.
According to the National Association of Realtors, in 2016 the average house sold for a median of 98% of the final listing. Furthermore, the report showed that the homes sold were on the market for approximately one month or less.
If you need to sell the house quickly, many people think an agent is out of the question; however, using the report statistic it seems that agents can sell properties quickly.
According to real estate professionals, homes sold quickly tend to be cash offers or made with buyers who can obtain loans quickly. Unfortunately, in many cases one will need to make some compromises with real estate agents for quick sales.
So, is listing with an agent the best way to sell your home fast? No; however, there are various other options available to sell my house fast Roanoke.
2. For Sale By Owner Or Private Sale
If you want to sell a home quickly, you need to realize that you will receive less cash. Taking this into account, selling privately or for sale by owner (FSBO) can sound quite appealing.
By selling your home independently, you can avoid having to pay commission to a real estate agent; thereby, increasing the amount you receive as a final compensation.
Furthermore, finding buyers is not too challenging as we live in a seller’s market at the moment. Despite living in a seller’s market, you will need to consider that the buyer is likely to have an agent handling the property transaction.
Does this mean you need an agent to represent your needs? Yes! In addition to being your advocate, the agent will have insight on how to ensure a quick sale.
According to the National Association of Realtors reports, in 2016 only 8% of properties were sold as FSBO and 54% of the sales were fast.
If you choose to sell your home privately, it is recommended that you learn about closing procedures and have the seller successfully complete the sale.
You will need an attorney for the final transaction arrangement, but this does not mean you should not be educated in the process of selling your home.
3. The Short Sale
The primary feature of the short sale is the term “short”, which refers to money and not time. If you sell short, then your lender is allowing you to sell the property for less than you owe on the mortgage.
Overall, we buy houses Roanoke a short sale takes longer to finalize than typical property sales. In fact, reports show that the short sale is the longest type of property sale option which is ironic based on its name.
Not only is the short sale the most ineffective option to sell my house fast Roanoke, but many sellers are not eligible to sell the property short.
To complete this transaction, you need to be in a certain financial state – behind on your mortgage or facing foreclosure on the house. Of course, even if you are eligible, this does not mean that your lender will agree to a short sale.
4. The Property Investor
If you were to type in the phrase “sell my house fast Roanoke” into a search engine, you will find several advertisements for property investors willing to buy your house in a speedy sale.
If selling quickly is more important than money, then using an investor would be the most beneficial option. According to Forbes magazine, investors are able to close the deal within one week and they are willing to buy properties ‘as is’.
The payout options are flexible, including a lump sum cash option.