There are multiple reasons why a homeowner would be wanting to sell their house fast, big changes to their lives such as the death of a loved one or a horrible divorce with a spouse you used to love. These situations and many others like it may leave a house seller ready to throw in the towel and walking away from the house and not even look in the rear view mirror. With the low interest rates that the banks have now in late 2020, it actually would be a good time to find a new home to live in. A nice fresh start. Some sellers have inherited a house that they either do not want, or they want it but they don’t have the time or the money to upgrade the home. They don’t really have an interest in living in an old home that needs a lot of repairs either.
There are also some sellers who really can’t afford the upkeep anymore, or they are having difficulty maintaining the monthly mortgage and these individuals would want to sell a house fast. So in order to avoid going into foreclosure and having to deal with the calls and mail from the bank, a fast house sale is what is wanted. Doesnt really matter your reason for wanting to sell a house fast, well explore how to sell your house in Riverview without having to put any sizable money into it.
Sell Your House As Is- No Repairs Needed
One of the best ways to sell your house fast without putting any money into it would be to simply list it for sale “as is” either yourself, through a realtor, or sell it to cash house buyers. You would probably be surprised at the amount of people that are looking for the perfect fixer upper house. They know that they can find a better deal than full retail value and if they are the handy type, they may be able to do a lot of the updating themselves. If you decide to sell with a real estate agent, he or she is probably going to advise you to fill out a property disclosure. Basically all of the flaws that you know about the house. Small and large this will save you in case they bring a legal action against you for selling a house that needed repairs.
Even if you do a seller disclosure and you give it to the potential homeowner, the house buyers may still and probably will request an inspection. Just in case there are additional repairs that were not mentioned in the disclosure, or they simply find new ones.
Renovation Loans Can Be An Option
Whether you decide to sell the house by owner by yourself, or you list it with a real estate broker, mentioning renovation loans when you market the house for sale may could be helpful to some buyers if you are looking to sell your house without putting more money into it. It may be helpful to actually call a few lenders in the area that offer these types of loans. Get an idea of the general criteria that way you can help the buyers get a leg up on the process if they are not familiar. Since these are programs that are offered through banks, there are going to be credit stipulations for the borrower, as well as they may not cover certain “major expenses”, such as mold, fire, or foundation issues. If you get an offer from one of these buyers initially, just make sure that there are a lot of things that can happen with the inspection, or with the contractors giving the bank bids, or both. Be prepared for some potential headaches if you go this route, but it is a way to sell without putting money into the house.
Price The House To Sell
Another way to sell your house fast without putting any more money into it is to sell it at a price that it will go fast. It may be in your best interest to hire a realtor and get what are called “comparable”. The realtor will basically show you similar houses, in similar condition, within usually half a mile that have recently sold in the last six months. You then take about five or six of those houses, average them out and you can basically come up with a value that is “as is”, since you are comparing other houses that need a little bit of TLC. Then you just reduce it 10-15% off the retail price and see if you can attract a good buyer, or others cash house buyers.
Now doing those things mentioned in the last paragraph would be ways for you to sell the house without putting any money into it. But that is said with some caution. You are definitely leaving money on the table, but if you need to sell fast and need quick cash this could be a great option and probably one of the faster ones.
Show The House To Potential Buyers
While it can be a bit of a pain to show your house to strangers that come in and want to see everything in your home, it really is a must if you want to sell the house obviously. Make sure that you always keep the house in the best possible condition. Kitchens should smell nice and clean, bathrooms should also smell clean and not smell like bathrooms. If you are actively living in the home with your family this can be a bit of a challenge. So in order to make it most convenient and in showing condition, maybe you could hire a house cleaner and you could only show the house in time blocks. For example Monday, Wednesday, Friday, and Saturday between the hours of 9-12PM and 3-5 PM. Or whet ever it is that would work best for you and your situation. The point is to make sure the house is always “show ready”
You can do all of the things that we mentioned in this blog post in order to sell your house without putting a dime into it. If you happen to have a house that you own in the Riverview Florida area we would love to be able to give you a cash offer. We are cash house buyers so there is no need to do any repairs or have to worry about doing anything in regards to the property.