In a great Rush to sell your house? Even in now’s eager seller’s market where homes draw offers in as few as 14 days it takes around 2 months from list to finish. And that doesn’t account for the weeks required to clean, paint, and tidy up the property for its market appearance. If you don’t have the endurance for this timeline, conclude 49 days to get approved for a traditional mortgage to wrap, you’ll want to get creative with your plans. Thankfully, you do have alternatives.
For one, you could list your house with an agent who knows how to get your house sold in a crack. Alternatively, you could request a full cash offer through a platform like swift house buying & strike your closing timeline to 10 days or the move-out date of your desire. With this guide, you’ll get a complete overview of the top ways to get a quick offer, sign that deal — and get out of a house that’s no longer serving you.
Foreclosure
Losing your job unexpectedly could mean you’re no longer able to afford this particular home. Even if your mortgage company has initiated the foreclosure process, you can still sell your home independently prior to your scheduled auction date. But depending on how behind you are on payments, you may only have a month or two to get the job done before the house goes to the courthouse steps.
Bad tenants
When a Landlord is overwhelmed with their investment property & cant find a A rated tenet they might lower their standards to someone who has a lower chance of paying rent which may be risky. If you inherited a property like so then you should probably look into selling as property taxes, utilities, and fixing this will be difficult especially if you live far away.
Foundation issues
A major foundation repair that requires a fix involving hydraulic piers can cost upward of $10,000 alone. Rather than let a problem like that fester and threaten your home’s structural stability over time, you could sell the house quickly to someone who can afford to address it. Keep in mind, though, that a large item such as foundation cracks will raise red flags in an inspection, resulting in a price discount.
New job
An exciting new job opportunity opens up but there’s only one problem — it’s across the country and you’ve got this ball-and-chain called a house weighing down your mobility. Even as remote work increases post-pandemic, many companies are still asking their workers to come into the office part-time. When you need to sell your house fast for a job relocation, the pressure of a start date and straddling two locations can make the process tricky.
Divorce
Selling your house can help you get a fresh start after a divorce. In addition, until the home is sold, at least one party will need to pay the mortgage and keep up with the lawn, which can cause additional tension and financial strain. As such, many people going through a divorce are looking for a fast way to sell their home and move onto the next chapter.
Water damage
Water intrusion and flooding inflict catastrophic damage on a home, and a home with a history of water damage can be harder to sell. It’s also expensive to fix, with the average water damage insurance claim totaling $7,000. For someone who doesn’t have the cash to make costly repairs, selling the home quickly with the proper disclosures may be the best option.
Fire damage
Similar to water damage, destruction caused by a fire is difficult and costly to undo. A decent fire will destroy your home down to the ductwork and Sheetrock. Without adequate homeowners insurance or the upfront money to make repairs, the only type of buyer willing to take on your property may be an investor who can pay cash and plans to gut it.You may fall into one of these categories or perhaps you need to sell quickly for another reason entirely. Whatever the case, you can either pursue an off-market sale with a cash buyer, or, depending on your level of flexibility, sell on the open market with a few shortcuts worked in. Let’s explore each avenue.