If you need to sell your house fast, you may be wondering about what options you have. It takes an average of two months to sell a home, from listing to closing. It can also take an additional 30 days for the escrow the close. Plus, there can be weeks spent repainting, repairing, and cleaning the property to make it presentable for the market. But if you do not have the time or energy for a conventional sale, here are a few options you can explore.
Find a Wholesaler
Wholesalers don’t typically buy the house. Instead, they act as an intermediate who pay an agreed-upon amount to the homeowner and flips it to a cash home investor. Wholesalers have an efficient network to find and contact distressed homeowners. They’ll make an offer on the house and ask you to sign a contract, giving them the exclusive rights to buy the property within a stipulated period.
The home is sold to an interested buyer with an additional fee. If the wholesaler doesn’t find a buyer, they can walk away from the house. But if they do, the exclusivity contract is sold where the buyer becomes an assignee, and the wholesaler pays the property owner.
The downside to this option is that you cannot be assured of a sale. It is subject to the wholesaler finding a suitable buyer. They may not make an upfront payment or even offer a fair price in return for signing the contract. But most importantly, the offer is likely to be substantially less because they’d have to add their fee to the resale price.
Reduce Your Asking Price
If there’s little you can do to make your house more attractive, consider selling it at a dramatically reduced price to attract potential buyers. This tactic is beneficial if the house has been on the market for a long time. Rather than relisting it, dropping the asking price makes sense.
But you’ll have to make sure the deal is attractive enough. If the house still seems pricey compared to other properties in the neighborhood, the price reduction isn’t going to change things. Besides, you’ll have to pay and manage the closing formalities and take care of cleaning and repairs after the sale.
Sell the House to Cash Home Buyers
If you are in a hurry to sell your house fast in Lubbock, call us! We buy houses in Lubbock in any condition and location for cash. You don’t have to spend money on renovations or pay for closing formalities. But most importantly, we buy houses in Lubbock in seven days!
Do you need to sell a house fast in Lubbock? Call us at 806-503-7413 for an offer in less than 24 hours!