If you’re in a situation where you need to sell your house fast, there are a few options to get your house sold. The main ones are to try selling it yourself, work with a real estate agent, or request a cash offer from a company that buys houses for cash.
The most popular option for many people is to list their home with a real estate agent. However, this can be a long process. Typically, it takes about three months for a home to sell from listing date to closing. Plus, a real estate agent will usually charge a commission. This can quickly add up to a significant sum of money that you don’t necessarily have to spend when trying to sell your home fast.
Another common way to sell your house is with an iBuyer, which offers a fast and hassle-free way to sell your house. These companies often use an online algorithm to determine the value of your home, and then they make a cash offer for your home. Also read https://www.homebuyingguys.com/texas/
Some iBuyer companies even let you choose your own closing date! The time it takes for your home sale to close can vary depending on your location and the type of mortgage you qualify for.
One downside to iBuyers is that they’re only available in about 40 major cities and have strict purchasing criteria. This means that many homeowners won’t be able to sell their homes through an iBuyer.
Lastly, you’ll have to pay an iBuyer a fee. This is often 5% to 12% of the total amount they pay you for your home. The iBuyer will also deduct their costs for any repairs they have to perform before you receive your final offer.
This may seem like a big cost, but it’s actually a great deal for homeowners who need to sell their house fast and aren’t in a good position to handle the repairs themselves. Moreover, iBuyers don’t have appraisal value or defect repair requirements, which can be helpful for sellers who aren’t able to afford these expenses.
In addition, these companies are also more likely to offer higher prices than other buyers in your area, so you’ll likely receive more for your home. They also aren’t able to impose restrictions on transferring title due to loans, which can be important for homeowners with existing debt or liens.
In addition, most iBuyer companies will provide an initial offer within 24-48 hours of receiving your name and address. They’ll complete a home inspection to determine if the house is in good condition. Then they’ll adjust their offer accordingly based on any needed repairs. Upon accepting the offer, you’ll sign a purchase agreement and schedule your closing.