Need To Sell Your House Fast
How Fast Can a Seller Expect to See Their Property Closed On?
There are signs across the neighborhood that say “We Buy Homes fast” or a variation of that. What is fast? If you need to sell your house fast, it is first smart to know what fast even means. The people who are closing fast are typically working with cash offers. They may also have financing lined up before going in and making an offer. The financing is rarely through a bank, which works with a lot of strict red tape and slow legal processes. They may have an independent financier. What is "fast" is subjective. It also varies depending on whether one is working on selling their home independently or selling with a realtor.
Realtor Speeds are Slow
Realtor speeds average a lot longer than those who are selling independently. That may seem counter-intuitive, but there is another factor at play. The people who are selling independently will reach non-traditional networks. They will reach investors with cash who are not interested in going through the loops that realtors require. The sale is more direct, and that makes the close a lot faster.
The Asking Price vs. the Retail Price
The speed will almost solely depend on the asking price of the home. Selling speeds can be dramatically improved if one is willing to sell at a price below their current market value. Getting the current valuation on a home is actually not common for people who are looking to sell within a few months. They will have to keep the property available for upwards of a year if they are looking for a market value or potentially above.
The independent path removes one major part of the equation out of consideration. A realtor is not necessary for a sale. They may put the property in the path of certain kinds of buyers, but these buyers may not be able to close quickly. This is the retail market, and realtors specialize in selling to retail homebuyers. On the other hand, the independent route opens up opportunities outside the traditional lane. It gets investors who can close quickly on a discount. It increases the total speed of the sale to 15 to 30 days on average. if you want to sell your house fast in Arizona, you may want to consider taking an independent route. Sell at the right price to justify a quick close, and the home can be sold in a matter of days.