Most individuals would like to sell their house quickly and avoid it remaining in the market with little or no interest for an extended period. For some, a fast sale is a necessity, as they may require the equity from their current house to buy another one or cannot afford their mortgage due to job loss or divorce.
However, most house sales take a considerable amount of time. On average, a traditional house sale lasts over three months, starting from the day of listing it on the market to the closing date. This doesn’t consider the time spent on preparing the house for sale or searching for the right real estate agent, which can add several weeks or months. Additionally, the typical processing time for a buyer’s mortgage takes approximately 50 days, which begins only after you agree to a purchase price. Consequently, a house sale can easily take over five months to complete.
The best strategy for selling your house
There are three main methods of selling a house: hiring a real estate agent, selling it yourself (For Sale By Owner), or selling it to a cash home buyer. If you don’t have a buyer ready to purchase the property, selling it yourself is not the most favorable option. When you sell a house on your own, you are accountable for all marketing and promotion, and your house won’t be listed on the MLS (Multiple Listing Service), which makes it visible to other agents. You’ll also have to determine the listing price, book showings, and negotiate offers on your own.
One of the quickest ways to sell a house is to sell it to a cash home buyer. You can sell your house fast for cash to an iBuyer, an individual investor, or a cash home-buying company, like Tando Advisors LLC. If you’re seeking certainty with a fast sale, it’s better to work with an iBuyer or a house-buying company instead of an individual cash home buyer.
If you’re interested in selling to an individual cash home buyer, research their track record to ensure they won’t back out of the sale at the last minute. A company with experience and longevity is the best option for a smooth sale process.
Most cash home buyers and iBuyers operate in a similar manner. You can get a cash offer quickly, and some may not even require an in-person visit. However, some iBuyers charge hidden fees, so it’s crucial to understand the details of their process before accepting the offer.
Many cash home buyers will purchase your house “as is,” which saves time and money on repairs, updates, staging, and cleaning. Once you accept the offer, you sign a contract, and the closing process begins. They can close quickly, and most cash buyers can close within a few weeks, and may not require an appraisal from the lender, speeding up the process.
Sell in the right location at the right time
Goodyear, AZ
Litchfield Park, AZ
Maricopa, AZ
Mesa, AZ
Paradise Valley, AZ
Phoenix, AZ
Peoria, AZ
Queen Creek, AZ
San Tan Valley, AZ
Scottsdale, AZ
Sun City, AZ
Sun City West, AZ
Surprise, AZ
Tempe, AZ
Young Town, AZ
