Selling a home today can be stressful. One of the main reasons for this is that it can take 60 to 90 days to sell a house on the market. That does not include the time you spend preparing to sell the house and closing the sale afterward. While some people can wait that long, you may be in a situation where you need to sell your house as-is, so that you can move on.
Whether you need to sell quickly for a new job, for financial reasons, or because of a personal circumstance, it is possible to sell your house quickly. If you are in a situation where you need to get out from underneath the property or a mortgage, you can sell your house directly to a buyer and close quickly. Below, we look at 5 reasons to sell your house fast and how you can unload your property in no time.
Reason #1: A New Job
So, you finally landed your dream job. However, there is just one problem: you have to relocate and start your new job right away. It puts you in a position where you need to sell your house right away to move forward in your new position. However, you do not have the time you need to get the house ready to sell.
Fortunately, you do not have to wait. You can work directly with a buyer to sell your house fast without putting it on the market or hiring a realtor. A cash sale eliminates all the complicated steps of a traditional sale, giving you the freedom to sell your house when you want. That way you can start your new job on time.
Reason #2: Foreclosure or Bankruptcy
Foreclosure and bankruptcy are on the rise. COVID-19 has caused many people to lose their jobs, putting them in danger of foreclosure or bankruptcy. The recent forbearance act has come to an end, making homeowners and renters more vulnerable to eviction. If you are facing foreclosure or bankruptcy, you may be looking for a way to avoid foreclosure.
Since you do not have time to sell your house on the market, a smarter, faster alternative is to sell your house for cash. As long as the foreclosure or bankruptcy process is not complete, you still have time to unload your property and walk away with your credit intact. The buyer can either take over mortgage payments or put enough cash in your pocket to help you pay off the mortgage.
Reason #3: Probate
If you and your family are currently going through probate due to losing a loved one, you may be unsure how to pay off the loved one’s remaining debt and taxes. Furthermore, you have to figure out how to handle all assets and property. Unfortunately, you do not have the resources to pay the debts and taxes. So, you may need to sell your inherited house fast to raise money to pay off the debt.
Instead of making repairs and upgrades to the house, you can sell your inherited property as-is for cash. When you sell the property to a buyer, you can seal the deal in as little as seven to 21 days. This method of selling your house gives you the cash you need to pay off your loved one’s remaining debts and close the probate case.
Reason #4: Damaged House
Has a recent storm or flood damaged your house? If so, you may be looking at options for selling your house instead of making repairs. The problem is that your house may no longer be sellable due to structural damage that is both costly and unsafe. Competing with other sellers on the market can be an uphill battle.
Fortunately, you don’t have to spend thousands of dollars making necessary repairs or upgrades to the house. It is possible to sell your damaged house as-is directly to the buyer. The buyer agrees to buy your house in its current condition regardless of the damage. You can simply walk away from the house with cash in your hand.
Reason #5: Bad Tenants
Do you have tenants that are not paying rent? Are you having difficulty evicting your tenants due to state laws? Even if you could get rid of your tenants, you may decide that it’s time to get out of the landlord business altogether. If so, the last thing you want to do is spend a lot of time and money going through a lengthy selling process.
When you work directly with a buyer, you can sell your rental house fast. Even if tenants still live in the house, you can still legally sell it to a buyer. The buyer, in turn, takes full responsibility for dealing with the tenants once you close the sale. You can simply sell your rental house as-is and move on.
Contact Us to Sell Your House Today!
If you are ready to sell your house fast, then now is the time. Ernest Buys Homes can make an offer and put cash in your hands in as little as seven days. Call 865-292-2499 to get a fast cash offer today.