Three Tips For A Faster House-Selling Process
Selling a house can be a long process. But if you need a quick sale, there are some ways to speed it up. Take a look at some of these tips for a faster house sale.
Consider Cash Buyers
One of the advantages of cash buyers is that they typically come chain-free, which can speed up the process. That said, cash-only offers may be lower than the general asking price, but it is important to remember that this may not affect the overall revenue from the sale.
For example, when vendors in the UK use traditional estate agents, the timeframe is roughly 6 to 9 months for the sale to go through, and agent feels, bills, tax, and mortgage costs can all add up. However, when selling through the We Buy Any Home platform, vendors could get a free cash offer within minutes and receive funds in as little as 7 days, whilst also benefiting from no hidden fees.
With this in mind, it can be a good idea to take a look at platforms such as this, which guarantee a cash sale within a shorter timeframe. Whilst the agreed sale price might sometimes be lower than on the open market at first glance, you’ll not be subjected to the same deductions, which can ultimately average out the revenue and speed up the sale.
Instruct Conveyancers or Real Estate Attorneys Early
For a sale to go through, it generally requires the instruction of a real estate law specialist. In the UK, this is known as a conveyancer, and they must be instructed for a legal sale. In some states in the US, you’ll need a licensed attorney who specializes in real estate law, known as a real estate attorney, before the sale is handed over to the mortgage lawyer and/or closing attorney.
Short sales are one of the key instances where a real estate attorney is worth considering, even if it is not required, according to the president of M&M Title Company. This is because they can advise and perform tasks to ensure the client’s interests are properly represented.
To speed up the sale process, it is good practice to research conveyancers and real estate attorneys in advance. Where possible, get your chosen legal representative on board early, as onboarding may be possible before the transaction begins.
Have All Documents Ready in Advance
There are several documents that you’ll need prior to even listing your house for sale, so get them all ready to go before starting the process. Bankrate has a detailed list of the paperwork you’ll need to track down before the property is listed.
Of course, once the sale gets underway, you’re likely to get asked for a whole heap of other documents. So that you’re not wasting time looking for this paperwork, take the time to gather all documents in advance so they’re all ready to go.
With this in mind, you’ll want to get all documents related to the ownership of the house, as well as paperwork detailing any changes you have made to the property.
As you can see, whilst the sales process can sometimes be long, there are a few ways to speed it up. If you need a quick sale, these tips can improve the timeframe.
