Thinking of selling your house for cash? The pitfalls are many, and it is advisable that the seller does thorough research into the avenues available to him or her.
It must be decided, whether to sell the house as it is or spruce it up before putting it up for sale.You must also understand that your selling price would depend on a whole host of factors that are outlined below.
The location is of paramount importance, and you would do well to gather information about land prices in the surrounding areas.This will help you to estimate the price of the land, and the price at which land is changing hands in the area.
This amount needs to be added on to the cost of your house.This figure is arrived at on the basis of cost per square foot. Needless to say that the house will fetch a better price if it has been well maintained and is spic and span.
Another important factor is finding a suitable buyer.There are many ways to market a house today. There are also companies and individual realtors who would buy your house for cash. It is necessary to find somebody with good references.
Other methods by which you could inform prospective buyers is by advertising in newspapers that have a section devoted to Real Estate.The power of the internet should not be underestimated. One could use any of the many companies who specialise in reaching a very vast sector of prospective buyers. A For Sale board placed in a prominent place either within or very close to the house could attract a buyer who is looking for a house in the area.
Having in mind a price that is negotiable to some extent is critical. An overpriced house would be difficult to sell, and you would know this fact within a few days after you start advertising.
Companies that buy houses for cash look around for places where minor repairs could be carried out and sold.They would take over the house in it’s existing state and pay cash for the purchase. In this case, you will not be saddled with repair costs, legal costs and selling costs. It is also a quick way of getting immediate cash for your house