The real estate market in most areas of the United States is booming, and this is a great time to sell your home. If you follow a few simple steps, you could be able to sell your home fast in Monroe, NC.
Reasons to Sell Fast
There are many reasons why you may need to sell your home as quickly as possible. The last few years has taught us that the world is unpredictable, and circumstances can change with little or no notice. If you need to relocate for your job, or you are going through a life change like a divorce, or experiencing financial hardship, selling your house fast in Monroe, NC can be just the financial solution you need.
Preparing to List
Listing your home with a traditional real estate agent isn’t always the best option, especially when you’re looking to sell your home quickly. You may need to spend weeks, even months, preparing your home for the market. It might be necessary to make some home improvements to get your home ready for listing photos and showings. When you’re looking to sell your house fast in Monroe, NC these steps can take time that you just don’t have.
Making these improvements will also require you to sink money into a home you don’t want to keep. If you’re already in a challenging financial situation, it can be difficult to come up with the money to pay for this before you sell your home. If you don’t make the improvements and opt to sell as-is, your home could sit on the market longer or generate much lower offers.
Professional Real Estate Appraisal
Before you list your home with a real estate agent, you will need to invest in a real estate appraisal to learn the market value of your property. For a single-family home, an appraisal can cost on average $300-$450. If you are having an appraisal done to set your sale price, you will need to pay these fees to the appraiser up front. The appraiser will inspect your home and generate a report, which typically takes several weeks to receive.
Agent Commissions
On top of home improvement costs and appraisal fees, you will owe your real estate agent commission on the final sale price once the transaction is complete. You can try to negotiate a lower commission rate with your agent, but typically agent commissions range from about 5-6% of the sale price. You will likely end up paying thousands of dollars out of your profit to cover that fee.
Home Repairs
On top of agent commissions, you may have to pay for repairs to your home if issues come up during your real estate appraisal. In some circumstances, mortgage lenders will not let their buyer’s loan go through if the issues have not been resolved. This could delay the sale even further and require more money out of your pocket.
Homes Sitting on the Market
While homes in most areas are selling in record time, there are many reasons why your home might end up sitting on the market for longer than you expected. In addition to the home improvement issues mentioned above, your home might sit on the market longer if it is located in an area where homes are not moving as fast. Traffic issues, crowded neighborhoods, or too much competing inventory can keep you from getting the offer you’re looking for on your home.
Selling for Cash
If you don’t want to spend the time and money it takes to sell your house on the market, you can sell your home off-market for cash. If you choose to sell for cash, you will not need to make any expensive repairs, spend time preparing for showings, or pay a commission to a real estate agent. You may earn a slightly lower sale price, but you will save time and fees.
Sell Your House to Quick Fix Real Estate
If you’re interested in selling your house for cash, Quick Fix Real Estate wants to help you. We’ll provide a no-obligation home inspection and make a cash offer on the spot. You could have money in hand as soon as today. If you want to sell your home in Monroe, NC as fast as possible, contact us today.
