Maybe you are experiencing financial hardship, a divorce, you are simply moving abroad or you want to retire soon. Whatever the case may be if you’ve ever thought I want to sell my house fast, there here are a few tips to consider.
Expectations for 2009-2010
As of 2009 properties values in the US have fallen as much as 60% in some regions and the market is not expected to recover any time soon. Since many properties are languishing on the market and taking longer and longer to sell real estate agent commissions are expected to increase from an average of 5.12% in 2008 to 6% or an average of $ 18,000 on a $ 300,000 house.
Sell to a Buying Group
If you don’t fancy having to pay this commission only to see your house sitting on the markets for months and having to deal with open houses, repairs, and answering questions then there is a solution.
A fast solution is to sell your house to a professional real estate investing group. These companies will generally pay up to 90% of market value, and the transaction can be completed in a matter of weeks. Since these professional groups invest for the long term they are not subject to the day to day fluctuations that the rest of us are.
While losing 10% in the front end may seem like a big price to pay, if you consider that you will not need a real estate agent to sell your home there is an immediate 6% that you don’t have to spend. Add to this the fact that you will not have expenses to market your property, deal with open houses, or make repairs and that 4% is really a pretty small price to pay. Also consider the fact that prices may continue to drop for the next few years and selling to a private investment group seems like a pretty bright idea.
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