Avoid These Mistakes If You want to Sell Your House Fast
Selling a house the first time is not any easier than buying a house the first time. In fact, there are several challenges you will encounter that are quite different from trying to purchase your first property. If you are currently in a situation where you need to sell your house fast, it’s easy to make mistakes that you may regret down the road.
One of the biggest mistakes that first-time home sellers make is not exploring all the options for selling their house. They assume that a traditional sale will get them the best results. In a normal situation, this may be so. However, if you need to get out of your mortgage or sell the property as quickly as possible, there may be a smarter option. Below, we look at some mistakes you should avoid if you need to sell your house fast.
1. Don’t Get Emotional
You probably have a lot of memories of growing up or raising a family in your current home. However, now is not the time to get sentimental. Doing so can cause you to make mistakes based on your emotions. Whatever reason you are moving, it’s time to think logically, get out of your situation, and move forward mentally.
For instance, if you are a landlord, you may need to get out of a situation with some bad tenants. However, you’ve owned your rental house for a long time and have become attached to it. If selling the house has crossed your mind, now may be the time to get out of the property quickly before your tenants make your life miserable. Find a way to sell your rental house fast without allowing your attachment to the house to change your mind.
2. Rethink the Realtor
Hiring a realtor is still the most popular way to sell a house. Real estate agents can do a lot to help you with your sale: list the house, find a buyer, negotiate the sale, and close the deal. However, realtors come at a high price. Most real estate agents make a six percent commission off the top of the sale. That can add up to thousands of dollars that you lose in profits.
There are some things a realtor cannot do for you. They can’t pay your closing costs. They can’t do your repairs. They can’t help you get out of your current situation. Plus, an agent cannot guarantee that you will see your house any time soon. On average, a traditional sale takes 60 to 90 days. Closing the deal can take another 30 to 45 days. Do you have that much time if you need to sell your house fast?
3. Don’t Sell to a National Company
It’s great that you are looking at an alternative to a traditional sale. However, not every company that buys houses in Fort Worth, Texas, is from the area. You may get an offer from a company thousands of miles away. There may be some great national companies that buy houses. However, nothing beats working with a local buyer.
There are several benefits to selling your house to a local company. First, a local buyer knows the area. They grew up in Fort Worth and had an appreciation for their neighborhood. Second, a local buyer knows the market beyond just the statistics. They know the true value of your house. Third, there is a high level of accountability with a local buyer. You’re less likely to get low-balled or mistreated.
4. Avoid Repairs and Home Improvements
Consider this: you schedule a pre-sale inspection. After looking at the house, the inspector tells you that you will need to replace the electrical wiring in the house, as the current wiring is outdated and dangerous. The project costs $2100. Next, you make a list of all the home improvements you need to make to attract buyers. These projects add up to about $5,000.
The point is this: All of your repairs and home improvements add up quickly, costing you thousands of dollars that come out of your profits. Sure, the improvements may boost your home’s resale value slightly. But, is it worth it to spend all that time, energy, and money, hoping that it will pay off? Can you afford to delay your sale by several months if you need to sell your house fast?
Sell My House Fast in Texas
Before you contact the realtor or list your house on the market, do not pass up the chance to sell your house as-is for cash. Model Realty is here to help you find the simplest solutions to get cash in hand quickly without wasting time and money on repairs and closing costs. We buy houses for cash. In Texas. To schedule a quick, no-obligation walkthrough with Model Realty, simply call 817-533-7767.