Relocation. Foreclosure. Financial difficulty. Offloading an inheritance property.
There are many reasons why home buyers may seek ways to sell their homes quickly. But in most instances, going through a real estate agent will only draw the process out. That’s because there are many potential roadblocks along the way in the traditional method of real estate that will delay fast home sales. These often include:
Obtaining Financing
Around 95% of all buyers of houses listed with a real estate agent go through the traditional “bank financing” process. For buyers looking to drive fast home sales, this can be a big issue. If the buyer isn’t pre-approved, this could have some serious delays to finalizing any offer that might be on the table and thwart any fast home sales dreams you may have.
Negotiation Process
In traditional home sales, negotiating is to be expected as the seller and buyer jockey to find a price that works for both. This naturally, however, can drag out the purchasing process. While an agent can negotiate on your behalf, they can’t eliminate this process entirely. If you or the prospective buyer is unwilling to budge, you could see major delays in the sale.
Contingencies
In the home buying process, the buyer has the power to add contingencies to the purchase. For example, one contingency they might add is that the house they are currently living in has to sell before a closing date is set. Alternatively, they might stipulate that the home inspection comes back without any major issues. Understandably, this can hold up a sale and keep you from moving forward.
Final Walk-Throughs
Before you hand over the keys of your home to the new owners, a final walk-through will be conducted up to a week before close. If something isn’t right — for example, an issue pointed out from the inspection hasn’t been addressed — this can seriously hold up any chance for fast home sales.
Closing Delays
Once the closing date is set, you may think that your home sale is finally done. But there are a lot of little things that could still cause it to stall. For example, there could be issues with a wire transfer or other financial hold-ups that could push back the finalization of the sale at the eleventh hour.
The Best Fast Home Sales Method
If you want to skip the delay and ensure you can get your home off the market as quickly as possible, you may need to look for a non-traditional approach. The benefit of working with cash home buyers is that they purchase the home as-is, meaning the seller doesn’t have to fix up the property and they can often close within a week’s time.
Ultimately, we make fast home sales possible by removing barriers like renovations, negotiations, and financing approval. We’ll buy your home in its current state and pay cash for the property quickly, allowing you to move onto your next chapter with your financial freedom intact. To learn more about how our team can facilitate our fast home sales process with your property, please contact us today.