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With speculations that property values still have to reach rock bottom, accompanied by tighter rules in obtaining mortgages, many people are held back from buying properties at this time. Low demand for properties and record high inventories of homes for sale are the basic ingredients to the recipe of decreasing property prices. It's no wonder why finding a fast way for your house to sell in the current market seems to be a daunting task.
Here's the good news. A fast option for your house to sell does not have to be mind and nerve wrecking. There is a way to sell your house fast in days without the dreaded stress.
A homeowner looking for a fast way for his house to sell has mainly 2 options to choose from:
1. Sell using an estate agent - unless you are giving an incredibly huge discount for your home, expect at least 6 months to sell your house through an estate agent. Unfortunately, selling this way is like a long and painful journey with no guarantees of reaching a "house sold" destination. In addition, be prepared to invest more time and money on your property in repairs and upgrades for a better selling appeal. These days, know that properties sold through estate agents go for about 89% of their asking price, agent's commissions and all other transaction costs not yet included! If you manage to sell your home, you will have to find another place to live.
2. Sell using a fast home buying firm - a free, no obligations estimated offer for your house can be obtained within 48 hours and normal sale completion takes about 14-28 days. Good companies guarantee the sale once a deal has been reached. Buyers are ready to buy your home as it is. For foregoing all the hassle and time in looking for a buyer, fast property buying firms offer about 70%-80% of market value for your home.
You will be offered an option to stay in your home as a tenant once the quick home sale is completed.
So depending on how much time is required and how much of your house equity you are willing to forego, decide which way is best for you to go. |
