Should you sell your home fast? This is a question that certainly crosses every seller’s mind at one point during the marketing process. Usually when you get the house ready to sell, then you’re ready to sell. By nature, people are impatient and want quick results. That’s normal. But when does the time come that you should actually sell your home fast? And how do you do that?
If you’ve got your property on the market because you’ve owned it for 30 years, it’s free and clear (paid off), and you’re ready to downsize your home…..most likely you don’t fit the mold for someone who should sell your house fast. After all, you’ve got 20 years invested into this property. You have emotional attachment and memories attached to this address. You’ll want to get the most amount of money possible out of it. You have time to wait.
On the other hand, if you’re 2 or 3 months behind on your mortgage payments, and the bank is calling your every day, it might be time to think about selling your home fast. Time flies by, especially when you’re struggling with payments/bills, and before you know it, you’ll be 6 months behind and facing the foreclosure devil. Sell your home fast.
Another scenario of when you should sell your house fast is it there is deferred maintenance. Let’s say you bought a rental property 5 years ago and have had nothing but the tenants from hell live there. They’ve dirtied up the carpet, punched holes in the walls during their drunken parties, and their pit bulls (along with 3 litters of puppies) have tromped the backyard right down to the dirt. The plumbing is draining under the house, and the roof has a hole in it. ah-hem (clears my throat) – it’s time to sell your house fast before the city official is knocking on your front door.
What if (God forbid) one of your beloved family members die. They owned a property that is now involved in a probate. Guess who inherited the property? YOU! The best part is that you love 1,658 miles away. There’s not way you can manage a property, pay the property taxes, or even visit the house to see what it looks like. The house is paid off, and when you sell it, the estate is settled and you have a nest egg. This is a good time to sell your home fast.
There are so many different situations that cause for a quick sale. The only person that can truly be the judge of whether or not to sell your home fast is you. That type of sale is called a fire sale. It typically means that you discount the purchase price of the house enough to be able to sell it quickly. Talk to a professional real estate investor about purchasing your house if you need to sell quickly.