Methods to Avoid When Trying to Sell Your Home Fast (Pt 2)
Do you want to sell your home fast? Common ways to sell your property aren’t always the best methods when you want to sell your home quickly. Here are some strategies you may have heard of:
- Short sale
- Using a discount agent
- FSBO (for sale by owner)
- Hiring a real estate agent
Suppose you need to sell your house fast because you’ve found yourself in a sticky situation, or perhaps life has thrown you a curveball. In that case, the following are methods you should avoid because they can be time-consuming.
Methods to Avoid When Trying to Sell Your Property Quickly
We know that life is unpredictable and there are many situations that can make selling your home fast a necessity. Traditional methods may not be your best choice when you’re in a crunch. Here’s a quick rundown of why these may not work for you.
Short Sale
What is a short sale? It’s an offer on a property at a lower price than what’s owed on the current mortgage. Short sales usually occur when someone is in financial distress and can no longer afford their mortgage payments. All proceeds of the short sale go to the lender. The process can linger because of the extensive paperwork and the time it takes for a lender to approve the short sale. If you’re on the brink of foreclosure, this may seem like a good option but may be more harmful because of the amount of time it can take.
Working With a Discount Agent
A flat fee or discount agent will list your home, but won’t go the extra mile like a traditional real estate agent. This option may seem tempting because the fees for this agent can be as low as 1%, but it may slow down the home sale process. Think about what a full-priced real estate agent does; staging and showing your house, marketing, handling paperwork, etc. Most of these things make people aware that your home is available, and without that, it may take longer to get an offer.
FSBO
FSBO, or ‘for sale by owner’, would be similar to working with a discount agent. While you may save money selling the home by yourself and not paying a realtor, this may slow the process down and add significantly more stress. Selling your property on your own means you’ll have a lot on your plate. Here are a few things you’ll need to do:
- Come up with a fair offer
- List your home
- Arrange showings and open houses
- Negotiation on offers
- Handle closing paperwork
That’s not even half of it! If you aren’t fully committed to taking on these tasks, it will take longer to sell your house.
Hiring a Real Estate Agent
This is by far the method that comes to mind the most when you think of ways to sell your home. Although it’s the most common, it’s not the fastest way. Hiring a real estate agent can become a very lengthy process due to things like listing your home, finding an interested buyer, negotiating offers, navigating inspections and appraisals, and finally, waiting for a closing date. In fact, it can take up to 30-60 days after you’ve accepted an offer to even set a closing date. Yikes!
Sell Your Home Fast For Cash in Kansas City
There is one method we can guarantee to have a quick home sale: selling your property for cash to House Guys USA. When you work with us, you choose your closing date. House Guys USA gives you an immediate cash offer that’s in your hands in as little as 7 days. You can say “goodbye” to fees, making repairs, and closing costs! We strive to make the home-selling process as painless as possible. Call today at 816-892-2132, or check out how it works to get your free, no-obligation offer.