If you are trying to sell your home, the best way to do so is by using a real estate agent. They work for you by bringing clients to your home to show it and then getting offers and following through until the final sale. You could also try to sell your house by yourself by placing ads in the newspaper or on the internet. This typically is an easier way to sell since there would be no compensation to be paid to an agent and many buyers find it easier to deal directly with the homeowner. There are also many companies out there who advertise things like, we buy houses. These companies will come to your home and make you an offer to buy it. Normally the price they offer is much lower than the actual value of your home. However, if you need to sell your home fast, these companies can have the sale done very quickly. They will pay cash for your home so there is no wait for a bank to approve a mortgage. These types of sales are becoming more popular as the housing market currently has an overload of houses for sale.
How to Contact A Buyer
If you wish to sell your home using one of the companies, they have advertisements everywhere. You will even see their signs on almost every street corner. You can call them and make an appointment to have them come in and look around. They will go back to their offices and review your home in comparison to others on the market in your neighborhood. They will find out how much your home is worth and typically give you an offer of a certain percentage off that price.
Setting Up A Closing Date
Once they have made an offer and you have accepted it, you will need to contact a lawyer to draw up the legal documents. All cash deals can be handled in your attorney’s office. There are no banks involved or real estate agents. Basically, the buyer and seller appear along with their attorneys. It is done quite quickly. If you are planning to move to a new state or town and you need to have your house sold fast, this is the best way to do it. It usually takes no longer than thirty days to close.
Most attorneys will advise you that selling your home to one of these companies is not in your best interest. They know that the sale is a much lower price than you could get going through a real estate agent. But, even though a real estate agent can get you more money for your home, the closing will most likely take a few months. If you cannot wait this long and need the sale to close immediately, then taking a loss on a house is what you need to do. Your attorney can put together any clauses in the contract for sale that will protect you from losing your home.