There is no legislation that restricts you from selling your home without a realtor. In fact, a report by the National Realtors Association shows that 11% of homeowners chose to sell their homes FSBO. Many sellers are attracted to the potential cash savings as well as fast turnaround time while selling to cash home buyers.
If You Want to Sell Your House Fast, Realtors Aren’t the Best Option
When you finally decide to sell your home, your first instinct may be to call in your local real estate agent to list your property. While it may work for some, it’s not always the best idea for sellers who want to dispose of their property quickly.
To start with, it is quite expensive to sell a home with help from an agent. The total cost that goes into a successful listing can be incredibly high. An agent’s commission is typically 3% to 6% of the sale price of your home. You may also need to factor in the expensive repairs and renovations to make your home attractive to buyers — not to mention the hidden costs of photography and staging fees.
Moreover, it may take longer than expected to sell a home in the traditional way. A report by NRA states that 58% of FSBO homes went off the market in two weeks. This is much quicker than an average of eight weeks in agent-assisted homes before receiving an offer. Worse still, the deal has a higher risk of falling through due to rejected loans and mortgages.
4 Tips to Sell a Home Fast for Cash
The other option is to sell to “we buy homes” Indiana cash buyers. Here are some tips to guide you through the process.
1. Educate Yourself
You need to sharpen your knowledge of the home selling processes. It may help you negotiate the best deal for your home. Understanding some basic industry terms and the legal documents required may go a long way in making the process go more smoothly.
2. Research Potential Cash Home Buyers
You will need to do your homework by looking up the different firms willing to buy a house. Ask about their valuation model. Some may operate on sight-unseen online valuations while others prefer a physical walkthrough on the property. Find an honest and transparent buyer that you can trust. Ask for proof of the cash that they will pay you with.
3. Sell Your Home “As-Is”
The benefit of working with Indianapolis cash home buyers is that you do not need to carry out expensive repairs. Most will accept your property in “as-is” condition. If they demand a clean-up and renovations, they may well be realtors masquerading as cash buyers. The buyer should offer a reasonable offer immediately or shortly after their inspection.
4. Only Settle For a Fair Valuation and Closing Date
It is important to realize that not all cash buyers are the same. Some may take advantage of the situation to present a low-ball offer. Make sure to know the valuation of your home. You can ask the price range of homes sold recently within your neighborhood. You can also use online valuation sites. Only sell your house fast for cash to a buyer that makes a fair offer with a favorable closing date.
More homeowners now prefer to sell their homes directly to cash buyers. If you are looking to sell your house fast in Indianapolis, Indy Home Offer can help you get your home off the market quickly for cash. Contact us for a free, no-obligation cash offer on your property.