It’s no secret that the housing market is hot right now. Home prices are on the rise and there is a lot of competition for homes in desirable neighborhoods. If you’re thinking of selling your home, you may be wondering how long the process will take. Here is a look at how long it takes to sell your house through three different methods.
Traditional Home Sale
The traditional home sale process is an intensive undertaking that requires much diligence from all involved. It typically begins with the homeowner obtaining a professional appraisal to determine an accurate market valuation of their property. From there, serious offers must be reviewed by knowledgeable agents who can then guide the seller through the process of due diligence to make sure all paperwork is for the final clothing sing. On average, assuming all proposed terms are acceptable and agreed upon ahead of time, most home sales take anywhere from 45-60 days to complete. That being said, sellers need to be aware that unexpected factors may take hold and create delays so it’s important to allow yourself plenty of extra time just in case.
Selling your home by yourself may be considered a daunting process; but, in many cases, it can save you significant resources. An important factor to consider is the time it takes to complete the sale. This can vary depending on the circumstances of your sale, but typically timeframe is between 2-4 months. During that time, you need to ensure that all legal documents and inspections are done correctly; this must be done to secure the sale or prevent any hidden issues from surfacing during due diligence. Doing these processes yourself can trigger additional work and require more organization; however, taking control of the process can pay off in the long run if done diligently.
Selling to a Cash Home Buyer
Selling to a cash home buyer truly is the quickest, simplest way to close your home. To get the most out of your sale, you should look for a cash home buyer who will make you an offer that’s as close as possible to what you expect to receive. With the right company, it’s often possible to close within just one week – meaning you can get cash in hand quickly and move on to whatever comes next with minimal interruption. Cash home buyers are ready and willing to make the process efficient, easy and pleasant so that their customers can benefit from a swift transaction and be free of their old property in no time.
When it comes to selling a home, there is no one size fits all solution. Each method takes its course and has its advantages and disadvantages. But, if you are looking to sell your home quickly, selling for cash is the way to go.
Have more questions about selling for cash in comparison to the traditional method? See how the two home sale methods stack up at Volunteer Buyers!