subject: Selling Your Property For Quick Cash [print this page] Selling Your Property For Quick Cash Selling Your Property For Quick Cash
A quick house sale can help generate cash for a myriad of reasons such as a divorce, to climb out of rising debt or to provide funds for an emergency. Listed below are some of the ways in which one can go about selling a home for cash promptly.
Estate Agent
When choosing an agent, get in touch with at least four- five of them to get an estimate of the market value of your property before selecting one. After this you will need to put up an offer, negotiate with the buyer and accept the offer. The whole process can take six months or more to complete. But, if you can't afford to wait that long then take a look at few other options.
Auctioning
Auctioning a house will enable you to sell of your property within a couple of months. The major benefit of selling via an auction is that when the property is auctioned the sale needs to complete within a month or the buyer loses their deposit (normally 10%) which is paid at the time of the auction. Therefore, buyers often have the cash ready before they even turn up to the auction and there will be no delays in the completion of the sale as is the case when selling to estate agents. However, a few things need to be considered before choosing this particular option. The process might be costlier than going to an estate agent. Moreover, the price that you may be able to fetch is often below the prevailing market price. Thus consider these factors before making a decision.
Selling the Property to Investment Companies/Buyers
Investment companies often buy homes for cash quickly and this would normally be about 75% of the market value of the property. The process will be completed within a couple of weeks at max. However, one must be cautious and make a thorough background check of the concerned company as many frauds are operational in this business. Also, never sign any legal papers without assistance from a professional. Moreover, select a business you feel is genuinely interested in assisting you rather than just making a quick buck after taking feedback from previous customer and checking previous records.
Thus, there are many options to sell home fast for cash but it is important to select a medium that is best suited for your needs after a thorough evaluation of the pros and cons of each method. This will ensure a hassle free house sale and ensure that you get a fair price for your property as well.
