Note From Kalen: While this post is directed towards those looking to sell in West Chester, many of the ideas apply to anyone selling their home.
There are a range of reasons that people want to sell their house as fast as possible, but most common reasons are either because they are relocating, often at short notice, or they need to free up capital – and this is often the case when people own more than one property.
The questions then are what is the best way to sell your house, and still get a decent price for it, and how can you do so quickly?
Of course, if you drop the price down to a suitably ridiculously low-level chances are that you will be able to sell the properly yourself within a reasonable timeframe. However, you will also likely have to deal with people that want to know everything about you, your financial history, and the state of the property, as we have all be raised to distrust anything that seems to be too good to be true. If you go this route be prepared to have builders’ reports, structural engineering reports, and local council permits and regulations at hand ready to provide sceptical potential buyers. It is a method that works really well for a lot of people, but not for everyone.
Look For The Magic Phrase “We Buy Houses”
One of the great things about trying to sell a house quickly, is that there are realtors who are prepared to take your home off your hands, and at a reasonable price. Because they know the market in your area and they know the local trends, they are in a perfect position to purchase your property and take the time to make any renovations to really take it to the next level. The biggest problem here could well be wanting to buy it back from them once they’ve finished!
When you find someone who says we buy houses in West Chester PA, there can be an instant level of concern, are you getting the right price, are they a developer who will just knock the building down. However, this is very rarely the case. When you contact a realtor who buys houses, you are not under any obligation to accept what they offer you – just as with a private sale, you can try to negotiate a better price, or simply walk away.
Are Realtor Sales Just For The Desperate?
Not at all! Although being able to sell to the first person who looks at your house, for the price you’d like to get, is a dream come true, this doesn’t mean that you are desperate if you take the offer. This is the same if you decide to skip the endless open homes and people traipsing through your house at all times of the day. Selling your house to a real estate developer rather than to a private person is easy. They are experts in their field, so they can tell exactly where any problems may lie in the property, so you will not be likely to get a phone call expecting you to repair a hot water cylinder that blew up a week after you sold the property.
Obviously, yes, selling to a realtor is a fantastic option if you are in a hurry to sell your property, or if you have been at it for a while and have quite simply have enough. However, choosing to go this route is not a bad thing, with houses generally sold to the firm in an ‘as-is; where-is’ condition.
Selling My Home Fast When Behind In Payments
If you have fallen behind in your mortgage payments, are looking at bankruptcy or have the bank threatening a mortgagee sale, you are probably already under a huge amount of stress. Often private purchases don’t understand the ins and outs of these situations, and getting lawyers involved to make sure that everything is sorted out appropriately can add an additional financial burden to your already exhausted situation. If this applies to you, talk to a real estate agent who understands the legal ramifications.
Most realtors should be able to help you work through the best way to sell your property quickly, legally, and satisfy your financial obligations, helping you improve your credit rating so that you are able to get another mortgage when you are ready (see here).
Can I Buy Through A Realtor?
Absolutely. Of course, you should look into the reputation of the real estate developer, but if you are buying in West Chester you are likely to be able to find an excellent house that has been recently renovated. This does not simply mean a quick slap of paint in order to make it look tidy, but properly repaired to bring a house that was a bit tired back to being a great family home (or bachelor pad). With a population of around 20,000 happy residents in the Philadelphia suburb you are likely to find yourself with quite a comfortable property.
SUBSCRIBE FOR MORE! HERE'S WHY:
1. You get 7 free books
2. You get the best money & productivity articles
3. You get the latest updates - all in one email per week