“What Are My Options To Sell My House Fast In Suffolk?”
Homeowners in Suffolk who want to sell their home quickly need to know what their options are…
If you own a home and you’re thinking, wondering, “how do I sell my house fast in Suffolk,” this blog post is a quick tutorial on your available options, and how you decide which option is right for you.
The speed of selling your house depends on the answers to these three questions:
1. How long you’re willing to take to sell your house?
2. How much you’re willing to spend to sell your house?
3. How much you’re asking for your house?
Option #1: What’s Your Timeline?
Most people don’t know how quickly you can actually finish with the sale of your home. If the house is move-in ready, it will take 1.5 to 3 months, on an average. There is a lot of documentation that has to be completed, especially if the buyer of your home will need to get financing from a bank. Sometimes, if the house is not in great condition, or if the selling price is too high, it may take up to 6 months or more to sell your house. If you have the luxury of time, and especially if you have the funds and ability to rehab the house, this may be a good option for you – to wait.
However, people usually don’t want to wait too long. When they want to sell a house, it’s usually because they need to move within a certain period of time, or need cash fast for some reason. Either way, waiting 3 or 6 months is not a good option. In that case, it makes more sense to sell your house for cash to a local professional home buyer and bypass the real estate agent and the commissions you’ll need to pay.
Option #2: How Much Do You Want To Spend? – Because You’ll Need To, If You Sell The House Traditional Way.
Many people are surprised to find out that they need to spend money to list their home for sale the traditional way – through a real estate agent. First, you’ll be prompted by the agent to rehab the house, at least to some degree. After all, the higher sales price will also yield a higher commission for the sales agent too! So, after the sale, you’ll need to also pay the real estate agent their fee, usually 6%. In other words, on a $300,000 house, you’ll pay $18,000 in agent commissions.
Most people would not actually like to spend time & money to fix their house and sell it on the retail market. There is another way, if you want to keep more in your pockets: you can sell your house directly to a professional home buyer, like us at Coastal Edge Homebuyers. We would buy your house in any condition, “as-is”, and you don’t have to pay us any fees or commissions.
Option #3: The Selling Price
Some buyers are under the impression that their house’s price is very high and they will wait for a higher offer. You MAY find a buyer that is willing to pay more after a long time on the market, but they may pay AT or BELOW the asking price in the end. You never know. Also, some popular online companies are overestimating some prices for homes. Ask yourself this question – “when was the last time when one of these online companies sent someone to your home, to evaluate it inside and out?” Answer: Never. So, their estimates are not very accurate. Their mathematical algorithms can go only so far for accuracy…
Not everyone will like to gamble and wait. Sometimes you don’t have the luxury to wait for months and “play” with the price and wait for the perfect buyer…These sellers believe “a bird in the hand is worth two in the bush”. This also means that they are willing to work with a direct cash buyer, like us, to get that certainty and take the wondering out of the equation, and set a fixed & fast closing date, even if it means getting a little less that the originally desired price. If you call us, you’ll know EXACTLY what you will get for your house in its current condition today. That’s what we specialize in, in Suffolk.
If you’re a homeowner and you’re wondering, “What are my options to sell my house fast in Suffolk?” then it’s about these 3 factors above will determine whether you’re willing to list with an agent, or to sell right now to a professional home buyer.