You have a few options if you want to sell your house quickly. While the traditional Bellingham/ Whatcom County real estate market may take a few months, selling to a “we buy homes” company could be faster, but you may have to accept a lower price. If you plan to sell your house for cash using such a company, consider a few key points.
Note: When I say cash, I mean a quick close, which is usually a buyer who doesn’t need to get bank financing. Actual paper money will not be used to close the deal as the title company does not accept it; instead, it will be a bank that wires the funds or cashier’s check.
1. What’s Your Plan
Whether you are selling to avoid foreclosure, move to a new city, or get quick cash, make sure you have a clear motive.
2. Research the market value of your house.
Knowing its current value can help determine whether the cash offer is fair.
3. Choose a reputable cash buyer.
Research and compare different cash-buying companies to ensure you work with a trustworthy company. Don’t pay any upfront fees.
4. Check the terms of the sale.
Read the terms and conditions of the sale carefully to ensure no hidden costs or fees.
5. Understand the benefits and drawbacks.
Consider the advantages and disadvantages of selling your house for cash, such as the speed of the transaction versus potentially getting a higher price on the traditional market.
6. Prepare your house for sale.
Ensure your home is clean, decluttered, and in good condition to get the best cash offer possible.
7. Be cautious of some companies that buy homes for cash.
It’s essential to compare the final net amount for each bid. Remember that any necessary repairs or improvements will be deducted from the sales price they offer you. This may result in a lower initial offer and less room for negotiation. Therefore, it’s crucial to carefully review and consider all offers before deciding.
8. Be prepared to move out quickly.
Once the sale is complete, you usually have to vacate the house. Ensure that you have a plan for where you will go next.
Selling your home to a company that offers cash for houses can have advantages, but it’s essential to be aware of the drawbacks. One of these is that you’ll likely have less money in your pocket. If you’re willing to wait a bit longer and want to get the most money possible from the sale of your home, other options may be a better fit for you.
Feel free to contact me for an honest opinion on your options.
Hi! I’m Jolene Baijot, I’m a Real Estate Agent in Bellingham. Thank you for taking the time to read this blog post. I appreciate your time spent on this site. You can connect with me on Facebook, Instagram or contact me through this website. I’d love to hear from you.