3 Reasons Why You Should Sell House Fast and Off-Market

If you want to sell house fast, then listing it with a real estate agent is not for you.

But, of course, it is the more popular option. Why? There are plenty of reasons. First of all, it’s quite convenient. You don’t really need to do much since it’s the real estate agent who handles most of the process. Second, you get to ask for a higher price. Third, well, it’s a great way to weed out any potential scams and make sure that you complete the transaction in a legitimate manner.

There’s a lot of advantages to selling on the market, is what we’re trying to say.

Off-market transactions, however, should not be underestimated. There are also certain pros to bypassing brokers and finding a buyer to sell your property directly to.

Below are three legitimate reasons why it MIGHT be better to sell your house off-market.

1.    Significantly higher profit

Selling a house on the market can be expensive.

Remember, there’s a reason why brokers and real estate agents try to sell your house for the highest price possible, and that’s because it means there’s more money to be had for them. But, by skipping over their cut of the pie, you can sell your house for a higher profit margin even though the total contract price is much lower than if you would have listed your property on the market.

By selling off-market, you can expect to save anywhere between 5% to 15% of the total sale price.

2.    Expedited closing date

Not all owners are looking to make the most money possible by selling their property. Some just want to make a quick buck, while others find themselves in distressed situations and just want to get themselves out of it before it becomes worse.

Either way, when selling a house and listing it with a broker, your property goes through a long and arduous process that involves many things, including but not limited to creating an offering memorandum (OM).

This will serve as a detailed report containing all of the information regarding your property, especially in terms of finances and if there’s significant upside to investing on it. This can take anywhere between a couple of weeks to a couple of months. During that time, the number of houses on the market will only continue to grow, further shrinking any chances of your property being sold when you need the money.

Thankfully, you can skip this and sell off-market.

By dealing directly with the a potential investor or buyer, all you need to do is to provide them with all of the necessary information that they want, including but not limited to rent rolls and details about the property’s monthly expenses, among others.

Once this has been provided, the buyer can then underwrite the deal and give you an offer, which, if you accept, means that the closing data can be set in a couple of weeks or a little bit longer than a month.

3.    Faster and more convenient processing

As already mentioned earlier, not all owners are after the biggest payday, some are content with just minimal stress.

Selling off-market can potentially be that choice.

By selling off-market, you can skip all of the property tours, open houses, as well as random people poking around and checking out your property. That also means that you most likely won’t need to stage it anymore and can sell it as it is for little to no additional cost.

Not to mention, since you’re dealing directly with the buyer, it will be easier to find a deal that works best for both parties involved.

Should I Sell My House Fast to a Cash Buyer?

Cash buyers aren’t the only people who you can sell your house directly to, but they are the most convenient option.

If you sell your house to a cash buyer, it’s just like you’re selling directly to the buyer. The only difference is that cash buyers work faster and won’t hesitate to give you an offer in a matter of days if not hours. Not to mention, if you accept their offer, you and the cash buyer can close the deal in a month, give or take.

Of course, in the end, it all depends on you.

If you want to sell your property off-market, always consider how it will benefit you first. If, for example, you have more to gain from a higher profit margin, less hassle, and faster closing time, then, by all means, do sell your property off-market.

If nothing else, you can always try to sell house fast to a cash buyer in case your initial plan doesn’t pan out, or you can still have it listed with the help of a broker.

How to Improve a Single-Family Property to Sell House Fast

What Is the Meaning of Home Improvement?

Everybody wants to sell house, or at least, get the most return out of their investments, but that’s not easy.

But, then again, even if it’s difficult, that does not mean that it’s impossible. In fact, a simple renovation can add tremendous value to your single-family property investment and make it sell faster, or at least, for a higher price.

The key here is knowing which projects will increase your property’s value the most.

Below, we have outlined key improvements that bring the most value to your property.

1.    Curb appeal

First impressions last, and there are fewer areas in your house that makes a good or bad first impression more than the curb.

Unfortunately, the curb and outside area of a home is often neglected by home sellers. They think that it doesn’t matter, probably because they’ve gotten used to it. That’s a wrong line of thinking that can cost you a lot of money.

Something as simple as replacing that old fence, as well as giving the exterior an extra coat of paint can make your house sell for more if not faster. Even just power washing the driveway can make it look cleaner and attractive.

If you have shrubs, flowers, or trees, consider hiring someone to give them some much-needed trim.

In any case, whatever you do, what shouldn’t be on your curb and yard are overgrown weeds, fallen leaves, as well as weather-stripped painting.

2.    Kitchen

Families put more emphasis on kitchens more than the average home buyer or renter.

For this very reason, you’ll want to do a kitchen remodel. In fact, according to research, it’s not impossible to recoup all of your kitchen renovation costs after selling your house, mostly because of how much value it adds to your property.

Even if you’re not looking to sell house fast, you can increase rent a lot just by making the kitchen look cleaner and better.

Quartz and cement, as well as granite, are always good options. But, regardless of your choice of countertop, what’s important is that it’s stylish, durable, and functional all at the same time. You might also want to give the kitchen a fresh coat of paint, as well as stain the cabinets to make them look better and new. However, if your older cabinets are made out of less-durable materials, like particle board, you can choose to have them replaced by something more contemporary.

Other kitchen renovation options include properly matched fixtures and appliances.

The more your house looks ready for occupancy after buying, the more you can drive the asking price up and improve the chances of the house selling fast.

3.    Flooring

Wood flooring can and will last a lifetime if taken care of properly. However, it’s not the only option you have as far as flooring options that increase value go.

For example, for families, they may opt for something like carpeting in bedrooms, as well as ceramic tiles, which are quite affordable and stylish although they don’t look as classy nor timeless as wood.

Because your target audience are families, you want something that’s durable enough but also something that won’t hurt the kids when they are running around and something that can easily be replaced at the same time.

Carpeting, as already mentioned, is a good example of a family-friendly flooring option, especially in bedrooms.

Check out these design trends!

Don’t Forget About Cash Buyers – We Buy Houses NJ

Cash buyers have this unearned reputation for undercutting home sellers. That’s not true. The truth is, cash buyer offers are fairly priced and no-obligation. Not to mention, the total contract price is as it is – you no longer have to worry about many of the typical costs associated with selling a house.

By selling to a cash buyer, you skip through a lot of the home-selling process, which means, at the end of the day, the “lower” selling price is offset by how little effort you have to give to sell your house.

Either way, make sure to apply these tips if you’re looking to make your fixer-upper single-family property sell for a higher price, or just want to increase its value.

5 Reasons To Be Wary Of Owners Who Want to Sell House Fast

When evaluating a potential real estate deal, an owner who wants to sell house fast is always a huge red flag.

This is not meant to discriminate, nor generalize. However, research has proven that home sellers who want to rush selling their houses are almost always hiding something. This means that you, the homer buyer, will most likely be inheriting more problems from the property that you initially expected.

This is an unfortunate but very real scenario that a lot of home buyers, especially those who are new to real estate, find themselves in.

That’s why we listed down 5 reasons below on why you should be wary about certain real estate deals.

1.    Errors and discrepancies

A lot of people take the word of the offering memorandum as hard truth. However, it’s not its true purpose. Not even close. In fact, the OM is meant to serve only as a guide, at most, because most of the information provided there isn’t to provide prospective home sellers everything they need to know about the property, but instead, to make the property fetch for a high price.

It’s not unusual for real estate agents to purposely provide wrong data and information to drive up the value of the property.

Make sure that you double check this, if it is provided, and see if there’s anything that doesn’t match with what’s actually true. If you find out that the sellers is lying, move on to the next deal. They’re not worth the effort anymore.

2.    Signs of unethical behavior

Whether it’s the owner, or the listing broker, or the property management group hired to sell the house, if you notice any signs of unethical behavior, you might as well take your money elsewhere.

Remember, we live in an dishonest world filled with unethical people.

Always run at the first sign of unethical behavior.

3.    Unrealistic claims

It’s not unusual for home owners who are looking to sell their house fast to make unrealistic claims about how good the condition of the house is.

Regardless of how adamant they are that the house is in good condition, always double-check. Also, if you find out that they’re lying, then move on. As already mentioned, any signs of lying and unethical behavior is a huge red flag.

Besides, if they lied about one thing, who knows what else they were lying about?

4.    Bad market

Not all real estate deals that look good are truly good.

If you can, do a market study of the place. Check if there’s demand for the property, or if there’s a chance to raise rents on it in the future, or if there’s any potential to expand.

If the answer to those questions is a no, then move on.

You don’t want to be caught with a real estate deal that doesn’t bring in any returns, even after significant investment on your part.

5.    Issues during the ocular inspection

This is where deals are broken and made.

Even if the property looks good on paper, if it doesn’t check out in person, then skip the deal. Also, this should go without saying, but always check a property in person first before you buy it. The main reason for this is that there will always be certain problems that will only be found during a personal visit to the property.

Some problems might not be about the property itself.

Certain problems can be about the noise levels there, or how much traffic there is going to-and-fro, as well as high crime rates, among others.

How Do I Sell My House Fast?

Consider these tips as a guide on how to sell your house fast as well.

If you want a potential homebuyer to trust you and buy your property with little to no financial investments on your part, always be honest. Do your due diligence and make sure that every little detail you put in the description of your property on your listing is true.

This way, even if a potential homebuyer skips the deal, they may recommend your property to someone who might find value out of it.

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