In a bid for “fast cash,” selling your home is a potentially lucrative way to make quick cash. However, before you do, it’s essential to have all the information you need to step forward with confidence – whether you sell your home to a buyer with a bank loan or sell for cash to a cash buyer.
Home selling basics
Getting your home ready to sell can be quite a time and labor-intensive undertaking. Sellers can often spend months embroiled in the legal steps and logistics involved in the selling process. It can take the average home between 55 and 70 days to sell, and waiting to receive the right offer can be frustrating and anxiety-inducing.
Also, before you sell your home, you must declutter it, get a home inspection, schedule repairs, clean it, stage it, photograph it, set a price, and negotiate with sellers – all before packing up and finding a new place to go. This process can take months!
So, if you need fast cash, it’s essential to know all of your options. Then, with the correct information, you can sell your home “as-is” for cash – sometimes in as little as a week!
Ways to sell your home as-is
An “as-is” sale is when a seller agrees to sell their home in its current condition without making any repairs, replacements, or other changes. The buyer agrees to purchase the property with its faults and imperfections. However, an as-is sale is not always easy to come by. To have the best chance at receiving an as-is offer and get your home ready to sell for cash, do the following:
Price your home competitively
In a buyer’s market, overpriced homes will often sit on the market for months without any offers. On the other hand, in a seller’s market, you may have buyers bidding against each other, driving up the final selling price. In either case, it’s essential to be aware of your home’s market value and price it accordingly.
Disclose all known defects
An as-is sale requires that you must disclose any known material defects with the property before entering into a contract. Once an offer is made, the buyer has the right to conduct due diligence, which usually includes a professional home inspection. If any new issues arise during the inspection period, the buyer may attempt to renegotiate the purchase price or back out of the deal entirely.
Clean and prep your home
Make sure your home is clean and decluttered; this will help it show better and make an excellent first impression with potential buyers. If you have any personal items too sentimental to part with, now is the time to put them into storage. You want buyers to be able to imagine themselves living in your home, not feeling like they’re intruding on your personal space.
Set realistic expectations
If your home needs significant repairs, you are unlikely to find a buyer willing to pay full price for the property in its current condition. In this case, you may want to consider selling your home to a cash buyer or an investor who is willing to take on a fixer-upper.
Honesty is the best policy. Provide potential buyers with all necessary disclosures. Does the roof need to be replaced? Is the foundation crumbling? Does the current heating/AC system need repair? If you find these repairs too costly or are in a rush to sell, it’s important to disclose them to buyers and let them know that they will NOT be fixed and your home will be sold “as-is.”
List your home “as-is”
If you want to list your home online, label it “as-is.” This affirms to the buyer that the home will be sold as it appears without you undertaking any costly or laborious structural repairs.
Work with a direct cash buyer
Coveway Properties allows you to sell for cash – whether your property requires repairs or not. The allure of selling your home to a cash buyer is that if your home’s current condition is unseemly or requires you to make some costly repairs (i.e., your home’s foundation has structural issues or sewage problems), you can bypass any updates needed and sell quickly.
Sell your house for cash with Coveway Properties
Get a free cash offer for your home from Coveway Properties today! We’ll make you an all-cash, as-is offer on your home within 24 hours with no obligation. And the best part is we can close in as little as seven days!
At Coveway Properties, we help homeowners sell their property for cash – without the stress and anxiety that typically accompanies selling your home. In as little as a week, you can sell your distressed, difficult to unload property for cash and alleviate your anxieties about selling your home. Contact us today to explore the prospect of selling your home for cash.