Frequently Asked Questions

FAQ

A seller may need to reduce the price of the property to sell quickly.

Clean and declutter. ... Pick a selling strategy. ... Price to sell. ... Handle any quick repairs. ... Stage and add curb appeal. ... Hire a professional photographer. ... Write a great listing description. ... Time your sale right.

Closing day is payday, and in most cases, you'll be able to collect your home sale profit as soon as the ink dries on the final documents. Pick a Monday through Thursday closing date during local banking hours for the speediest payment. Close on a Friday, and you may have to wait until Monday to receive payment.

Selling your house to a 'cash only buyer' eliminates the risks that often come with multiple interconnected sales. They won't need to sell their own property in order to free up funds. ... This means that the sale can be closed quickly. The seller can get the money from the house a lot quicker than is normally the case.

There is no complicated chain – selling to a cash buyer does away with the dreaded property chain, which means there is less chance of the sale falling through because of a third party. There is no risk of mortgage issues – a large proportion of sales fall through because the buyer is unable to secure a mortgage.

Perhaps the most widely known reason to sell for cash is financial difficulties. Many homes sold for cash are homes that the seller is unable to afford to upgrade or renovate for a traditional sale, thus giving for-cash homes their fixer-upper reputation.

If you need to move pronto and don't want to make repairs to your home, selling it as is could be a good option. But keep in mind, it's like slapping a big ol' clearance sale sign on your house—Everything Must Go! Sure, you'll definitely earn less money at the closing table than you would if you made the repairs. The real estate commission is usually the biggest fee a seller pays — 5 percent to 6 percent of the sale price. If you sell your house for $250,000, say, you could end up paying $15,000 in commissions. The commission is split between the seller's real estate agent and the buyer's agent.

What Does 'Sold As-Is' Mean? Sellers list their homes for sale as-is when they don't want to do any repairs before closing. It means there are no guarantees from the seller that everything's in working condition, and they're not required to provide a Seller's Disclosure.