If you are in a financial pinch and need to sell your home quickly, you may consider selling it for cash. This can help you avoid foreclosure and relieve some of the financial strain. However, it also can require you to make some sacrifices. For example, you won’t get the same price as you would if you listed your home on the open market.
How real estate works?
Another reason you might want to sell your house for cash is if you need to relocate immediately. You might have a new job offer, companies that pay cash for houses in Cobb County or you have to take care of an aging family member. In these circumstances, you can’t afford to wait.
You can sell your home for cash by hiring a real estate agent. Your real estate agent will advise you on how to best market your home, and can help you set a fair price. Using an experienced agent can reduce the cost of a quick sale.
The amount of time it takes to sell your house depends on a number of factors. One of the biggest factors is the market trends. It’s important to consider these trends before selling your home.
A growing number of buyers have pre-underwritten deals before they even submit offers. These offers typically close within 14-17 days, and can be as much as 85% of the fair market value.
However, the time to close on an offer may be longer than you expect. Mortgage underwriting adds at least 50 days to the closing process. So, if you have a deadline, you should find an agent that has a strong track record of completing transactions in a timely manner.