Sell Your Home Fast
in Arlington County, VA!
Common reasons people need to sell fast
David Espaillat, a real estate investor in Arlington, VA spoke with Local We Buy Houses
about the types of challenges or situations that can require a fast sale. “Life can throw some crazy things at you sometimes,” he notes in his online bio. Indeed, as someone who needs to sell your house fast, you could be facing any one of these common scenarios where a lengthy sale process would cause enormous stress and financial strain. Here are some of the most common ones Daniel sees:
Losing your job unexpectedly could mean you’re no longer able to afford this particular home. Even if your mortgage company has initiated the foreclosure process, you can still sell your home independently prior to your scheduled auction date. But depending on how behind you are on payments, you may only have a month or two to get the job done before the house goes to the courthouse steps. Follow Us for more details Please.
When a landlord has trouble attracting tenants, they may resort to loosening their application standards. Unfortunately, bad renters will easily turn an investment sour. In that case, it makes more sense to unload the property as soon as possible.
It often makes no sense to hold onto a property you inherited, especially if you live far away. When you add up the costs of maintenance, utilities, and property taxes, the sooner you can sell this home, the better.
A major foundation repair that requires a fix involving hydraulic piers can cost upward of $10,000 alone. Rather than let a problem like that fester and threaten your home’s structural stability over time, you could sell the house quickly to someone who can afford to address it. Keep in mind, though, that a large item such as foundation cracks will raise red flags in an inspection, resulting in a price discount.
An exciting new job opportunity opens up but there’s only one problem — it’s across the country and you’ve got this ball-and-chain called a house weighing down your mobility. Even as remote work increases post-pandemic, many companies are still asking their workers to come into the office part-time. When you need to sell your house fast for a job relocation, the pressure of a start date and straddling two locations can make the process tricky.
Selling your house can help you get a fresh start after a divorce. In addition, until the home is sold, at least one party will need to pay the mortgage and keep up with the lawn, which can cause additional tension and financial strain. As such, many people going through a divorce are looking for a fast way to sell their home and move onto the next chapter.
Water intrusion and flooding inflict catastrophic damage on a home, and a home with a history of water damage can be harder to sell. It’s also expensive to fix, with the average water damage insurance claim totaling $7,000. For someone who doesn’t have the cash to make costly repairs, selling the home quickly with the proper disclosures may be the best option.
Similar to water damage, destruction caused by a fire is difficult and costly to undo. A decent fire will destroy your home down to the ductwork and Sheetrock. Without adequate homeowners
insurance or the upfront money to make repairs, the only type of buyer willing to take on your property may be an investor who can pay cash and plans to gut it.
You may fall into one of these categories or perhaps you need to sell quickly for another reason entirely. Whatever the case, you can either pursue an off-market sale with a cash buyer, or, depending on your level of flexibility, sell on the open market with a few shortcuts worked in. Let’s explore each avenue.
What month is the best to sell a house?
When is the best month to sell a house? The best month to sell a house is June, though May is a close second, according to a May 2020 report from real estate research firm ATTOM Data Solutions.
Are cash offers for houses legit?
Indeed, many of these cash offers are legit, but pursuing one means it’s also much easier to get scammed, and you’ll probably receive a worse offer compared to what you’d get on the open market.
Is 2021 a good year to sell your house?
The median home sale price during the first quarter of 2021 was $319,200, which represents a 16.2% increase from the year before. While housing inventory could open up later on in 2021, if you list your home soon, you’ll likely command top dollar for it.
Why do sellers ask for cash only?
That gives cash buyers far superior bargaining power over non-cash buyers and over the sellers whose homes are not amenable to financing. Accordingly, homes that require cash to close the deal are often listed at massive discounts from what their fair market value would be if the home could be financed.