A traditional home sale is still the most popular way to sell a house in the U.S. in a traditional home sale, you hire a realtor, list the house, prepare the property for sale, find a buyer, and close the sale. While a traditional home sale can help you find a buyer, there is a lot of time, money, and effort that goes into selling your house.
For this reason, a traditional home sale doesn’t work for everyone. If you are going through financial hardship, a life change, or a legal situation, you may need to sell your house fast. Unfortunately, a traditional sale does not rely on your circumstances. It could take months to find a buyer and close the sale, no matter what you’re going through.
5 Reasons a Traditional Homes Sale Takes a long Time
There are several reasons why it can take several months or years before you finally sell your house.
1. Repairs and Home Improvements
If you have home repairs or improvements you need to make to get the house ready for sale, it can take several weeks to plan the project, find a contractor, gather supplies, and execute the job. Home improvements take planning and patience. Don’t expect your project to happen quickly because you need to sell your house quickly.
2. Listing and Staging the House
One of the reasons real estate agents are valuable is that they have a lot of marketing resources that get our house more visibility. They can also help you stage your house to look more appealing to potential buyers. However, marketing and staging take time. You can expect this part of your house sale to last at least a month.
3. Home Inspections and Appraisals
You almost always have to schedule an inspection and appraisal when selling a house. Appraisers and inspectors are busy people. They may have several appointments scheduled over the next few weeks. So, don’t be surprised if you call an inspector in April, and they can’t get to your house until May.
4. Finding a Qualified Buyer
Chances are, the first offer on your house won’t be the last. You may go through a string of potential buyers who may or may not be qualified for a home loan before the stars align, and the right one comes along. Even after you find a buyer, the sale is not guaranteed until the buyer signs on the dotted line at the close.
5. Closing the Sale
Home closings take an average of 30 to 45 days to complete. This assumes that there are no problems in the application process, the negotiations, and the legal process. If anything goes wrong, your closing may take longer than two months. There is little you can do to speed the process because many people and agencies are involved.
How Can I Sell My House Fast?
If a traditional home sale doesn’t work for you and you need to sell your house fast, the best way to do it is to sell your house as-is for cash to a company that buys houses. This type of transaction is known as a cash home sale.
One of the advantages of a cash home sale is that you don’t have to hire a realtor or list the property on the market. A cash sale is a private transaction between you and the buyer. The buyer agrees to pay cash and buy the house as-is. You make no repairs or upgrades, pay no realtor commissions, and avoid closing costs.
Plus, you can sell your house for cash regardless of your situation. A cash buyer can buy your house if you are going through probate, divorce, bankruptcy, foreclosure, downsizing, damaged house, rental house, or vacant house.
Sell Your House Fast with Ernest Buys Homes
If you need to sell your house fast, contact Ernest Buys Homes. We can appraise your house, make a fair cash offer, and close in as little as seven to 21 days. Call us today at 865-292-2499 for a fast cash offer.