Raleigh, NC Homeowners: How To Sell Your Home (Really) Fast

The US real estate market in 2022 is worth a whopping $202.6 billion, with an upward trajectory.

In such a large and bustling market, you’d expect selling your home to be a cakewalk. However, on the ground, selling your home fast is pretty difficult. But, it doesn’t have to be!

There are plenty of ways to sell your home fast and get your money in an instant. If you’ve been struggling with selling your home, worry not; we’re here to help. Today, we’ll be showing you how to sell your home quickly in Raleigh, North Carolina.

Find Out Your Home’s Value

Before selling your home, it’s important to find out how much your home is worth. Doing so will help you set a specific price for your home, or at least determine a price range for it. This makes it a lot easier for cash buyers to buy your house with a short closing period.

Selling to cash buyers allows you to sell the house “as is.” Selling the house “as is” means you don’t have to spend a single cent on repairs. The cash buyer will buy the house at a slightly lower price and carry out repairs later on.

This begs the question, how do I find out my home’s value? Well, the easiest way to do so is to use a free online home estimate tool. This tool should give you a rough estimate of your home’s value, based on certain factors.

Alternatively, you can always arrange for a professional appraisal by hiring a licensed appraiser. Some real estate agents might also help you estimate your home’s value. Once you have a clear idea of your home’s worth, it’s time to move to the next step.

Find a Cash Buyer for a Cash Offer

Selling your home for cash is the easiest and most convenient way to sell your home. If you’ve decided to sell your home for cash, you’ll need to find a qualified cash buyer. Here are a few ways to get one.

Do an Internet Search

The easiest way to get a cash buyer for your home is by looking one up on the internet. A quick Google search should expose you to plenty of home cash buyers in your region. The problem is picking the right one for your needs.

It’s your responsibility to do your homework to isolate the wheat from the chaff. Start by Googling “house buyers near me,” and work your way from there. Ensure you check their websites and reviews before taking your pick.

Consult a Reputable Real estate Agent

A skilled and experienced real estate agent will help you find a cash buyer in a flash. These experts will leverage their vast network to find an appropriate cash buyer for your home. They’ll be more than happy to help you out, but for a small fee (of course).

Review Your House Price and Selling Terms

After finding a worthwhile cash buyer, the next step is to reevaluate the selling price and the terms of sale. While profit is king, there are a few other factors you need to consider when drafting selling terms. Some of these factors include:

The Home’s Condition

The condition of the home is among the most crucial factors in determining your home’s value. If your home is in great condition, check the prices of other homes in similar condition and that are the same size as yours. Set your price within their price range, but subtract the real estate agent’s commission and the cash buyer discount.

Of course, selling your home is majorly dependent on the situation. For instance, if you’re selling to sidestep foreclosure, your primary interest will be to sell the house ASAP. The speed of sale and benefits will outweigh other factors like making a profit.

Outline and Read The Selling Terms

Having the cash price down pat is just part of the process. The next step is determining the terms of the sale. This is equally as important as the cash price and determines the success of your transaction.

That said, make sure you read the fine print clearly to understand what the buyer is asking for. Pay close attention to the details if the buyer is selling the house “as-is.” That’s because some buyers might still require an inspection, while others waive the inspection completely.

In some cases, cash buyers might request an appraisal before closing the deal. Depending on the urgency, you may want to avoid such buyers if you want to sell your home ASAP. Ensure you read the terms and conditions of the letter to ensure you’re getting a good deal.

Check the Offer’s Legitimacy

Before putting ink to paper, it’s important to check that you have a legitimate offer at hand. Here are a couple of questions to help you determine the legitimacy of the offer.

• Does the cash buyer have a good transaction history with other sellers?
• Is the buyer willing to deposit part of the cash as earnest money?
• Is the buyer using a standard contract, and are they willing to have an attorney review the contract?

The above questions should help you confirm the legitimacy of the buyer. If anything looks sketchy, even in the least, you’re better off with another buyer.

Sign the Contract and Submit Disclosures

If everything checks out, the last step of the process is to sign the contract and submit disclosures. As mentioned above, it’s a good idea to have an experienced attorney look through the contract before signing it. A standard contract should include the following details.

• The selling price
• The deposit amount and date
• The closing date

It’s also important for sellers to submit disclosures after signing the contract. These disclosures will lay bare information that could hurt the home’s value or livability. Disclosure laws vary from state to state, so liaise with your attorney to figure out which ones apply to you.

How to Sell Your Home Fast Made Easy

Now that you know how to sell your home, it’s up to you to take the right steps and find the right cash buyer for your home. There are plenty of potential cash buyers for your home, you just have to check the right places. Sell your home for cash today with the information above.

For more informative content, be sure to check out the other posts on the site.