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Shaun and Watson.
Quicker Way to Sell My House
Series Category: “Sell House”
Tags: sell my house fast, sell my house fast in Denver Colorado, selling my Denver home fast, sell your house fast
Realtor versus Cash Home Buyer. What's the quickest way to sell a house?
Did you know that it takes over 100 days to sell your house the traditional way?
Is that really that fast?
Now, if I was told you road across America in 100 days, we heck, that’s fast. Super impressive, in-fact. Sell your house in 100 days, though. That does not seem quick at all.
Now you might be wondering:
Who needs to sell their house fast? Well, let’s all admit it. At some time or another, we haven’t planned as well as we should have. Or maybe something totally out of control has happened. These situations may cause a person to have to move quickly. Definitely not ideal. Examples of such situations might be:
You are relocating because of a new job.
Perhaps you inherited property and just don’t want to deal with it.
It’s not uncommon for people to experience financial difficulty.
Or an out of state landlord is ready to retire.
Regardless of when you are selling your home, why wouldn’t you want to sell quickly? When I moved, I was very relieved when the for sale sign was changed to sold. It meant I could move on.
Therefore, today, I hope this guide on how to sell your house fast will give you the chance to learn from my mistakes. PLUS, you see insider tips and some secrets not often shared.
Today I present to you:
Options to Sell Your House Fast!
What Are My Options to Sell My House Fast?
How fast can an agent sell my house?
Are we buy houses companies legitimate?
So many questions and so little time. However, when it comes to selling your house, I highly recommend you take the time to learn a thing or two, or three.
Today, we will discuss the pros and cons of selling your house quickly using an agent or a cash home buyer
Selling a property can be a nerve-wracking undertaking. In reality, the researchers discovered that selling a home might be more nerve-racking than bankruptcy or separation. Now, if you add that you need to sell quickly, maybe because of a new career, economic difficulty, or otherwise unexpected life upheaval?
Well, the pressure is on.
But you need to pause. You must not make rash decisions. Decisions made in haste could have you kicking yourself over your careless selections down the line.
If you would like to sell your own home both quickly and with confidence, you will know all your alternatives to make an informed decision. Your decision must align with your present situations and desired goals.
Let’s take a look at options so that you can look back on the experience of selling your property fast without having regrets.
Today the things we will cover are:
- Selling your house using a real estate agent.
- Selling your home by yourself.
- Finding a cash home buyer and having them buy your property.
- Each of these options has pros and cons.
If you want to list it on the MLS and get the highest price, then use an agent.
Want to avoid paying for commissions? Then sell it yourself.
If you don’t want hassles and getting your house sold fast is your primary goal, then for sure sell it for cash to a cash home buyer.
INSIDER TIP: Remember highest price comes with the added cost of making substantial renovations. Fixing up your kitchen alone can cost over $10,000. These renovations that you must do to get the highest price might wipe out any extra profit. But we will go over all this later.
Can a real estate agent sell my house fast and for a good price?
What will I really take home if I use an agent to sell my property?
Did you know that 89% of property sellers use a real estate agent to sell their residence? 89% is a big number. A clear majority. However, that doesn’t mean it’s the best choice. Let’s know why.
To get around all the details and processes regarding selling a house including a great deal of back-and-forth between the seller and the buyer, most sellers elect to have a realtor list their home. Do your agents have a great plan?
Why list your property to sell with a realtor?
Sell your house with a realtor, and you can get a high price.
According to the National Association of Realtors (NAR), homes recently sold with an agent’s assistance went for more than the homeowner’s residences.
Now, we took a look at this data and found that just because you get the highest price doesn’t mean you get the most cash in your pocket.
Also, we want to sell our houses fast, right? AND using a realtor might not be the quickest way to sell.
Let’s look at some numbers.
The research revealed that houses sold with agents sold for 99% of the list price. This is a good thing—your listing value. The data for FSBO was not readily available, so it is hard to say whether this is better or not. However, the anecdotal evidence suggests that FSBO house sales also got close to list prices.
Now, we need to think about just what a real estate agent does that will help you promote and sell the home quickly?
Be aware that the speed your home sells is dependent upon several variables. These variables include:
- The number of houses for sale currently.
- How well the economy is doing
- What current mortgage rates are doing – lower the rate typically means higher sales prices.
How does the number of houses currently for sale affect how long it will take to sell my house?
Simply put, if your house is the only house on the market and there are 1000 potential home buyers, there is a great chance you will sell your house very quickly.
Conversely, if there are 1000 houses for sale and only one buyer, then guess what? It might take a long time to get your home sold, right?
Now, what about the economy will change how fast my house will sell?
If the economy is doing well, your house will typically sell faster and for a higher price. If the economy is not doing so great, then your house will take longer to sell and quite possibly will sell for less.
Can mortgage interest rates really affect how quickly I can sell my house?
The short answer is yes. The slightly longer explanation…
If mortgage rates are low, then this typically means that more people can afford to buy a house. The more potential homebuyers there are, the higher chance your house will sell faster. This is an example of supply and demand.
So, let’s relate these points to selling your house with an agent.
A good agent will learn your requirements and then customize their services to get the job done (i.e. sell your house quickly and for great price!. The job of the agent is usually to help the seller through required home preparations and improvements, set the list price, create residence staging’s, implement an advertising and selling plan, and hopefully blitz (remember we want to get this house sold fast, right?) to enhance the listing, present the house and show the house, discuss, communicate and negotiate with the buyer and buyers agent.
Furthermore, the agent should talk the seller through the documents and paperwork and finally bring the house for sale. Sounds easy, right?
If you want serious buyers coming to you, well, the agent can’t guarantee that. You will quickly start to realize that you will meet many tire kickers when selling your house.
What do I mean by this? People will want to see your home but have no real intent to buy it. They take up your precious time. They are a little annoying, really. Hopefully, your agent can weed these people out or at least do all the leg work. This happens if you have a great agent. If you don’t have a great agent, you might end up doing a ton of work for them.
Again, if you have a great agent in your corner, you should get a fair price when you sell, and there should be a minimal amount of paperwork for you to do.
However, before you list the property, you may have to embark on some renovation projects. This will certainly be the case if you hope to get a premium MLS price. Home remodeling and renovations are not for the faint of heart. This article will not talk too much about the process. However, what I will say is most often, when a homeowner does a renovation for every $1000.00, they spend they will increase the value of their house by $600-$800.
Yip, you read that right. Spend $1000, and your house only goes up to $800. Spend $5000, and you will only be able to sell it for $4000 more. Silly, huh?
This means that unless it’s something minimal and easy– be very careful about taking on a renovation before selling. Unless you are a general contractor with your own crew, you will spend more than you get back. Plus, you will have lost a lot of time, etc.
Now how fast can an agent sell my house?
As we have discussed, the speed at which your home sells vary a lot. The general rule of thumb, however, shows the following:
- Renovations can take 2-8 weeks.
- Listing the house and getting a contract 2-18 weeks (2 if you are fortunate)
- Inspections on the title, etc. 4-8 weeks.
- Closing 1 week.
This adds up to 9 weeks on the very lowest end and well over 100 days on the high end. Now we also did not mention if the inspector finds something the buyer expects you to fix. At this point, you fall back into the remodeling and renovations phase. UGH!
So… if you are in a hurry to sell, let me ask this. Do you consider 6 months quickly? If I said it would take 6 months to sell your house, would you say that’s fast or slow?
How do I choose a real estate agent to sell my house?
Some important things you must take into account when picking an agent are:
- Do they have local knowledge? (Local knowledge means they will understand what your house is worth).
- What is their review status on Google?
- Do the reviews indicate the agent can get your house sold quickly, for a good price, and conveniently? Is the agent good at communication?
- How fast can the agent sell the house?
If you ask them, what do they tell you? If they say 1 week, they are probably not telling the truth. History and research show it takes a lot longer.
This list is not exhaustive but just there to give you a starter. We have a much more detailed piece about how to choose any kind of professional. I will find the link for you and put it here. Need an agent? Want to find the best remodel contractor near me? That’s what we discuss.
We spoke to 3 agents throughout 3 hyper-competitive real estate markets. We spoke to Jim T in Denver, Colorado. We spoke to Neil J in Indianapolis, Indiana, and finally, we talked to Carolyn M in the fast heating up real estate market of Omaha, Nebraska. We wanted to get a general feel about how fast a house can sell and what agents can help.
Jim T: When you’re trying to find an agent to help you sell your house, be sure to verify everything they say. If it sounds too good to be true, then it probably is. By this, I mean if they say you can sell your home for $50,000 more than what other people are selling, then there’s probably something going on there. We see this happening in Denver quite often, where agents try to get a property under contract. Obviously, if you’re trying to sell your house fast but list it $50,000 more than it is worth, it will just sit. The problem is it will then become a stagnant listing, and potential homebuyers will start asking questions. When selling a house, I try to understand what the seller’s goals are. It’s a fine balance between selling fast, selling for a good price, and selling conveniently.
Neil J: I like to think that what I bring to the table is a list of buyers that are ready to buy now. Every market is different, but it’s very beneficial to have buyers ready to go to Indianapolis. Of course, we still need the house to be in the appropriate condition, new carpet, paint, things like that, so the buyers are interested in buying. From the first listing to the final close depends a lot on factors that can’t be controlled. I don’t know how organized the buyer and the buyer’s bank, for example. I always hope they can get the loan funded in less than 30 days, but lately, that’s not been the case.
Carolyn M: Selling with a real estate agent isn’t for everyone. In fact, more and more, I am seeing homeowners choose a different route like selling to a cash home buyer. Regardless of how you end up selling your house, my advice is to spend a little extra time at the start understanding the entire process. Make sure you also write down your goals. If time is of the essence, then a cash home buyer is possibly the best route. If you want to do a renovation, then maybe using an agent. Either way, I know that if you choose me to sell your house in Omaha, I will work tirelessly. The Omaha market is unique, for sure. We have all sorts of little pockets of cute areas that I can sell homes in quite easily.
How to Sell My House for Cash and Quickly.
Find a legit Cash Home Buyer.
If you want to sell your house fast and for cash, then I would suggest the first thing to do is find a reputable real estate investment company or real estate professional nearby.
The goal would be to talk to someone to work out the value of your house. Understanding what your house is worth is key when selling your property, regardless of how you choose to sell it.
Imagine if you listed your house and sold it for $225,000 only to find out your neighbor sold theirs for $400,000! That wouldn’t be so good.
Now, of course, they may have done some amazing upgrades. These upgrades may be why it sold for a lot more. Maybe they have a beautiful pool in the back yard. Maybe they have done a fabulous remodel on their kitchen. Did you know you can very easily spend $20,000 remodeling a kitchen!
So, as you can see, knowing your house’s value is key, and any good real estate pro can help you determine that. For example, Watson Buys, a real estate company in Denver, CO. Watson Buys prides itself on providing all of Denver homeowners’ available options when selling their house.
Part of their process is walking the seller through comparative market analysis. Watson Buys finds similar nearby homes. Similar in condition, rooms, baths, etc. They see what they sold for and can determine and predict the current value of another home.
Their process and transparency are why home-owners vote for Watson Buys as the best cash home buyer in Denver, Colorado.
What is a Cash Home Buyer?
A cash home buyer is a person or company that will buy a house for cash. Typically, they will plan to buy a house, add value to it, renovate it, remodel it, and then rent it out or resell it. The latter is a process many people are familiar with – seen HGTV fix and Flip or any of those shows?
Other names that have become synonymous with purchasing houses for cash are:
Sell My House Fast
Sell My House Fast for Cash
Sell my House for Cash and As-Is
All of these are variations on we buy houses companies, real estate investors, or wholesalers. Of course, they look to get a deal on the house.
Now not all-cash home buying real estate investors are equal. So, you must be sure to do your research to find the best one near you.
My first suggestion is not to work with a company that wants cash from you. Never hand over any money to the buyer directly. Always make sure they plan to use a title company and that the company has some good reviews.
How do I Find the Top Best Company that Buys Denver Houses for Cash?
If you are trying to find a legitimate cash home buyer, then here are some things you can do:
Talk to the company and ask about their process:
- How fast can you sell them your house?
- Does their process make sense?
- Does it sound too good to be true?
- Do they have references or reviews?
- Are they local?
- Do they know your specific neighborhood?
- Do they buy as-is for real, or will they nickel and dime you during the inspection process?
If I Sell My House for Cash How do I know if I got a Fair Price?
The best way to know if you are getting a fair cash offer is to know what your house is worth. Simple, right?
When you get an offer, don’t be afraid to ask questions. Also, don’t be afraid to verify it by doing some of your own research.
I can’t speak for all companies; however, I can speak for Watson Buys. They buy houses fast for cash in Denver, Colorado, and the surrounding Denver Cities like Lakewood, Arvada, Aurora, Golden, Broomfield, and more.
If you speak to the team at Watson Buys, you will come to realize very quickly that you can trust them. Watson Buys itself on being trustworthy, transparent, and honest.
How Quickly Can a Sell My House Fast Company Actually Buy My House?
We asked Shaun, at Watson Buys, just how fast they can buy your home. “The fastest we have ever closed on a house was actually less than a day. It happened in 2 parts, though. Normally what takes the longest is the title work. Title work is significant because we have to be sure that the person who is selling the house is the owner. We can’t close on the house until it is completed. In this example, though, the lady had inherited a house and had decided to sell it. She contacted us, and we negotiated a price. However, after signing the contract, she had second thoughts. As we like every deal to be a win-win, we didn’t enforce the contract in this case. So, we left it at that.
Well, a year later, she came back to us. She had tried to rent out the place, and it hadn’t worked out for her. In fact, in her words, “it was a disaster.” So, she wanted us to give her a cash offer again, which we did. She accepted, and since the title work had been done a year earlier, it was a quick update. The title company gave us insurance in less than a few hours. So, the whole process took about 6 hours! Now that is fast!
Typically, we can close on a house in less than a week. The biggest hurdles are finding a time the owner can let us verify the house and title condition. After that, we use our own funds, so there is no delay there. We know how to work out what a house is worth, so we can get that done too.
Can I sell inherited houses quickly to Watson Buys too?
Yes, you can sell us any inherited property. We have a ton of experience, and in fact, Watson Buys specializes in buying inherited property.
Why do they Buy Houses As-Is?
Real estate investors often like to buy houses as-is so that they control the renovation and remodel. This way, they can add value to the house after the fact.
So…is there a cash buyer contemplating purchasing your premises and will they buy it as-is or are you thinking you are going to do the renovations and then sell it on the MLS but maybe you aren’t sure if its a good idea?
Hopefully, now you have a few answers to help you decide if that is the best route for you.
Selling Your House Fast Has
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Sell Your House in Denver To Us And Pay No agent Fees, No Repairs, 100% FREE! Find Out How You Can Sell Us Your Property Now!
This Guide is relevant to many Neighborhoods, Towns, Cities, Counties, and States.
Such Neighborhoods this information works for are:
Denver, Lakewood, Applewood, East Denver, Arvada, Wheat Ridge, Edgewater, Colfax, Washington Park, Stapleton, Northfield, Parkhill, Montbello, Denver West, Westminster, Broomfield, Ken Caryl, Sunnyside, Lafayette, Denver North, Louisville, Golden, Morrison, Highlands Ranch, Castle Rock, Lone Tree, Henderson and more!
Cities that this How to Guide is relevant too are:
Denver Lakewood, Littleton, Englewood, Centennial, Foxfield, Aurora, Commerce City, Arvada, Broomfield, Arvada, Thornton, Aurora, Broomfield, and Boulder.
Let’s not forget the Counties in and around Denver. The advice, tips, and tricks in this guide are pertinent to Adams County, Arapahoe County, The City of Denver, Denver County, Jefferson County, Douglas County, Eagle County, Summit County, Boulder County.
Did you know that there are mountain towns and ski resorts that this guide would be most useful for also? Towns like Breckenridge, Keystone, Silverthorne, Dillon, Frisco, Copper Mountain, Vail and The Town of Vail, Avon, Edwards, The Town of Eagle, Gypsum, Dotsero, Glenwood Springs, Carbondale, Basalt, Aspen, and more.
Finally, we checked in on the western slope of Colorado, and guess what? This Guide is perfect for helping people on the Western Slope too. Grand Junction, Fruita, Rifle, and New Castle residents will all benefit from these tips.
Also no matter what the situation you are facing we are able to help your sell fast like if you need to sell quickly to stop foreclosure we are ready to pay you cash for your house today so you save your equity and don’t lose it to the bank!
If you need to sell a house fast, we can take care of you in:
Series Category: “Sell House”
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Tags: selling without a realtor, selling without an agent, sell my house fast, how to sell my house fast in denver, colorado