A 2019 report by the National Realtors Association shows that there were over 5.8 million existing home sale transactions during the year. Of these, 11% of homeowners preferred selling without an agent. More and more people are embracing the benefits of having to sell a home fast through direct sales.
If You Wish to Sell Your House Fast, Cash for Homes Is Your Best Bet
Cash home buyers in Calgary offer an attractive alternative to the traditional realtor route. When you finally decide to sell your home, your first instinct may be to call in the local listing agent. However, while it may work for some, it may not be the best option when looking to sell a home fast.
To start with, the realtor option is prohibitively expensive. You will have to part with 3-6% of your final sale as commissions. Your agent may also recommend that you carry out repairs and renovations to make the house appealing to prospective buyers. Some of the projects may not provide any returns during the sale. Not forgetting the cash needed for staging, photography, and listing of your property.
Additionally, you may have to wait for a longer period. A 2019 report by NRA also points out that 58% of For Sale By Owner (FSBO) transactions were complete within two weeks. This period is shorter than the 65-93 days on average that your house may stay in the market when using the traditional route.
3 Tips and Tricks for Selling a Home Fast in Calgary
1. Sell the House ‘As Is’
One of the major benefits of selling a home fast for cash is that you do not have to worry about the condition of your home. You do not have to carry out expensive home repairs or house inspections to sell. Private home investors will provide instant cash offers for homes after a property walkthrough. It is an excellent option for owners wishing to dispose of inherited homes fast.
2. Educate Yourself On the Home Selling Process
You may have to learn about the nitty-gritty of having to sell a home fast for cash. It can help you negotiate the best deal for your home. You also learn about the different legal documents and basic industry terms to help you navigate the process. Finding more information on selling a house quickly can help hasten the process as well as reduce the risk of the deal falling through.
3. Only Settle For a Reasonable Cash Offer and Closing Date
You may need to find a reputable cash buyer in Calgary that will offer a fair valuation for your home. Research the different private investors and find out their valuation model. You should have realistic expectations of the value of your property. You can start by asking the price range of homes sold recently within the neighborhood. Factor in the condition of your home to find a reasonable price for your house. Only sell your house fast to a cash buyer that provides a fair offer with a favorable closing date.
Selling a home fast for cash is a more favorable option than the traditional realtor route. You will want to ensure that you educate yourself, sell the house in its current condition, and settle for a fair offer from the private investor. When you need to sell a home fast for cash in Calgary with a closing date of your choice, contact Calgary Home Sale.