About 50% of the housing stock today is 37 years or older, and most of these aging homes have roofs, furnaces, flooring, and appliances that have reached the end of their lives, says Nino Sitchinava, principal economist for Houzz. Owners of older homes often find that the increased maintenance needs are wearing them down, making it tempting to sell your home fast for cash. If you’re interested in learning how to stop foreclosure or eviction, it’s easier than you think. Here are just a few simple tips to help you initiate the process of selling your home for cash.
Get a Professional Appraisal
First, get a professional appraisal if you have the time. This helps to get a ballpark figure of the monetary value of your home before selling it for cash.
“Get an appraisal and perform a little additional homework of your own. Look at the various listing services for comparative pricing and price adjustment records on similar area homes and time-on-the-market stats to get a better idea of what the market is bearing. While the appraiser will probably do at least 3 such comps — based on recent sales — a broader data search can further enlighten you,” writes Steve McLinden on Bankrate.
Consider Your Terms
Next, consider your terms as far as timing. One of the best benefits of selling your home for cash is that sales typically close much faster. A traditional real estate sale closes in four to seven weeks, while a cash sale can close in just one to three weeks. If you have a specific deadline or schedule in mind, it helps to establish it early.
Consult a Home Buying Agency
Finally, reach out to one of the many companies that help you get cash for your home. You can discuss the terms of the sale, the value of your home, and further details about how the process works. You may be surprised at how quickly you can have the cash in hand.
Ultimately, selling your home fast for cash is easier than you think. Don’t hesitate to reach out to a company that can help to sell your home for cash — even if you haven’t quite completed these preparation steps. For more information about how to get cash for your home, contact Freedom Home Buyer.