How Can I Sell My House For Money—Fast?
The simple answer to this is to find a private buyer who ACTUALLY has the ability to buy your house and close on it fast! There are many buyers out there who may say they can, but if they don’t have their financials set up properly, or the right network of people to back them - the deal will fall through. Do your research and work with someone reputable!
There are many moving parts in the process of closing a house - especially when it’s faster than usual. Lawyers will be your toughest part to navigate. Let's say you need to sell your house in 10 days. This is very fast, and a typical real estate lawyer will tell you that it is impossible.
And if the buyer needs financing to close pfffff.. forget about it. The banks will need a minimum of 3-4 weeks to be able to fund this deal. They have to appraise the property, send it to the underwriters, make sure the deal makes sense, ensure they qualify and so on and so on.
Lawyers then have to ensure the property is free and clear, complete title checks, and all the other expensive stuff they always do. We haven’t even mentioned insurance on the property yet. In order to close the deal, the buyer needs insurance in place which usually takes a few weeks to accomplish. Let’s take a look at some of the benefits of selling your home privately.
Benefits of Private Home Sales for the Seller
The main reason we see for people selling their own homes is two fold. First of course, the cost savings. Second getting out of a tough financial situation.
Did you know that real estate commissions for a home sale typically range between 5 and 6 percent of the final purchase price? Here’s an example for you. Let’s say the total commission for a $200,000 home is about $10,000 to $12,000. That money comes right off the top of the seller's, YOUR, proceeds. Not when selling to a private home buyer.
When you work with a reputable private home buyer - they will already have all of these systems in place. Their financing will be ready as it is generally private capital, which means cash in hand ready to go. They will have a team backing them that can move the deal quickly and can close as fast as you need - GUARANTEED.
In Conclusion, Selling To A Private Buyer Works
So yes you can sell your house for money fast, you just need to line yourself up with someone who is trustworthy and legitimate. Make sure you ask the buyer what their financing looks like. Private financing has much looser restrictions and can typically close quickly. A seasoned and experienced real estate investor will have their team all set and ready to go and can close as quickly as you need. Look for a real estate focused investor who has done quick closes before to help you meet your timelines and sell your house quickly.
As private home buyers, we will buy any house in any condition as they are. That is what we do. As real estate investors, we’re looking for run down properties that we can rehabilitate or turn into an income property. Realtors are looking for listings and sales. We are looking to help you or someone you know get out of tough situations or to simply sell your home fast. Learn more about us here.
