There are times when an investment into a property turns sour and you need to offload the loss, aka sell your house for cash, before it becomes a heavier financial sink.
You’re looking for peace of mind by riding yourself of the property.
This may have happened due to any number of events:
- Divorce
- Passing of a family member
- Loss of job
- Foreclosure
- Moving
The last thing you want to deal with when experiencing these situations is the long process of selling the home — this is why you may have opted to sell your home for cash offers or short sales.
The Dallas area is prime for this: both for investors and those offloading.
Having a realtor sell the home is going to take time and when the average cut is around 6% you can bet you’re losing out on big money depending on the home. Even going as to repairing the place and touching it up means extra money is coming out of your pocket (and that’s not even considering the time it takes to do all those touch ups).
You can sell your house for cash in the Dallas area without having to rely on the professionals. It will require some additional legwork on your end but if you’re hungry to sell and are willing to take the time to learn about the process then you can do it!
This article will give you an idea on how to sell your house for cash and how to avoid the potential risks.
Sell Your House For Cash: The Process
There’s a reason why people hire professionals to list their homes: it can be tedious and time-consuming.
Tapping into a real estate company gives you access to their network and expertise but when you consider the commission being made and that they have other clients — you can be sure it’s going to take a while and leave you with less money.
This is definitely one of the reasons why you’re probably wanting to sell your home for cash and just be done with it.
It’s not as hard as you’d think.
Collect the Data
You’ll want to know the value of your home (obviously). When you sell your home for cash you want every piece of info readily available. This can be done by browsing the listings of homes within the Dallas area on sites like Zillow or researching the listings shown on local listers.
Since you’re wanting to sell the home quick you’ll want to cut down on the overall price to make it competitive for investors. If you consider the real estate agents cost and closing fees coming to around 6-10% of the sale you could just couple that into the reduced sale price and still come out on top!
Other items you’ll want to collect are images of the home, paperwork on any repairs you may have done, inspection letters, and the like. It’s good to go into the sale with everything the investor may want rather than being held up for days trying to find the paperwork. When you plan to sell your house for cash the best bet is to at least make it attractive but practical to an investor ready to buy.
Listing the Home
Some money may want to be sunk into the listing if you’re going for a quick turn around and want to maximize the number of people interested in the property.
There are quite a few platforms you can use to get the word out:
- Local newspaper
- Craigslist
- Zillow
- Trulia
A quick win can be done through buying a large “for sale” sign for the front of your home, passing out flyers, and setting up signs along major intersections with the basic information and a contact number.
It takes some time to sell your house for cash but is totally doable if you’re listing your home without an agent.
Note: If you’ve tried and feel fed up with these listing services then consider getting in touch with us at CashOfferDallas.com and we’ll make you an immediate offer — skip the process and pocket faster!
Closing the Deal
Make sure the investor knows the home is selling “as is” to cut down on the closing. The goal is to sell it fast — having them do additional inspections, working with the bank, or waiting for multiple offers can heed the process.
You don’t want to get caught in the endless back and forth that is inspections and repair disagreements. Let them know what they’re getting into and keep it set in stone to avoid lost time and money.
Avoiding the Risks
Risks turn into a financial loss — there are ways to avoid (or at least mitigate) them:
- Work with pre-approved buyers that have a history of capital
- Go as quickly as possible to prevent legal issues found at a later date
- Be as thorough as possible in the description
- Don’t get too emotionally involved with the property
- Hiding big problems (versus letting the investor know up-front)
The risks go on and on when you’re at it on your own but that’s the price to pay when you need to offload the property in due time.
And that’s pretty much all there’s to it. Makes you wonder why so many people end up using a real estate agent, right? The obvious choice definitely leans to sell your house for cash. Of course, it takes the extra legwork but if it’s a speedy sale you’re looking for then don’t be afraid to go at it on your own — and DO contact us to compare the offers.
Conclusion
Selling a house quickly can be stressful because you may be in a position where it needs to go so you can move on with your life, deal with a foreclosure, or prevent any additional hemorrhaging of your bank account after a bad investment.
The Dallas market is booming — you’re in a very good position to offload the house with a great turn around. Perhaps now is the time to sell your house for cash considering the opportunities and relative ease of doing so.
Going at it on your own means:
- Less need to research the marketplace
- Spending time and money touching up the place for curb appeal
- Handing over money to real estate agents
- Falling for common real estate scams
When you’re on the line and need to sell fast — doing it yourself is a smart route to go. When you want to sell your house for cash and want an immediate offer then do get in touch with us at Cash Offer Dallas.
At Cash Offer Dallas we pay the closing costs, you set the closing date, we’ll do the repairs, and give you top dollar (cash). Compare us to relators in the Dallas area and you’ll see why our clients rate us for top satisfaction.
Get in touch today or leave a comment on this post if you have questions or suggestions for others wanting to sell their home for cash.