Technology has pervaded almost every aspect of our lives, almost to the point of revolutionizing it. In the modern world, there is hardly any field where technology hasn’t left its imprint. Companies like Kodak, Xerox, and Nokia that were giants in their heyday no longer exist. Instead, new companies like Amazon, Google, Facebook, etc., are the game changers in the present-day business environment. However, the only industry that has withstood this upheaval is Real Estate. The process of selling your house remains unchanged and as old-fashioned as before.
So, how quickly can you sell your house today? The answer is subjective. It certainly isn’t as fast as ordering a meal or renting accommodation on Airbnb. It is also not possible to sell your house as soon as you get a mortgage to buy a new one. The process of selling a house is riddled with red-tape, agent commissions, and fees, not to mention the endless stream of legalities and complexities.
But don’t lose hope. There are ways in which you can get a top dollar for your house. While selling property, keep the following points in mind.
1. Locate the Top Real Estate Agent in Your Area
Search online for the best realtors in your area. Look for agents with multiple positive reviews. Find top producers who have already developed relationships. This will enhance your chances of getting your property to move faster than the average in your area. They serve as the main point of contact for both you and the potential purchasers by scheduling showings, marketing, and crafting your listing.
2. Sell Your Property to a Wholesaler
Most real estate transactions take place using cash. Without the involvement of banks, the traditional hurdles of underwritings also get done away with. Wholesalers put your house under contract and offer it to cash buyers. Flipping your property to a wholesaler is much faster than listing it with a traditional agent.
3. Price Reduction
Be in connection with the market situation and accordingly alter your price. By nature, humans love heavy discounts. A steep cut in price can be a motivating factor for prospective buyers. But keep in mind that your property has to be a deal worth grabbing, compared to the other properties in the neighborhood. If you have drastically reduced your price and yet you are pricier than the other homes in the neighborhood, it won’t make a difference.
Agents understand how to accurately compare your house to similar houses that were sold in the area to help you price it right from the start.
4. Mortgage Transfer
This method is a bit uncommon. But consider yourself lucky if your mortgage is assumable by someone else. But make sure you keep close tabs on your finances and credit before and during the process. This way you can act quickly when you find your next home.
5. Short Sale
Most distress sales take place because the debt owed on the property is more than the value of the home. Thus the equity is non-existent. If the bank has threatened you with foreclosure, one of the things you could do is ask the bank to do a short sale. A short sale depends on the debt being more than the value of the home and also on all the lien holders agreeing to the sale.
In the end, you have to always plan your moves. After all the effort it takes to sell your house, the most frantic period will be the time of relocation. Coordinating packing, movers, and managing a change of address – this all requires a lot of attention to detail.
At BuzzKey, we can help you sell your property faster because we are the ones buying it in as-is condition. We understand how difficult it is to sell a house, which is why we have found a way for homeowners to speed up the whole process. BuzzKey makes a fast property sale happen because we are experts in the property market and we are cash buyers.
One of the best things about selling your house with BuzzKey is that our team will work in a time frame that is convenient to you. Once you make contact with us, our experts undertake intensive research to give us more information before making an offer.
Contact us and save yourself the hassles of dealing with agents, commissions, and other extra costs. We will be happy to offer you our expertise at no cost to you.