Are you selling your home for the first time? If so, you’ll have a learning curve that includes getting your house ready to sell, deciding how you are going to sell your house, and finding the right buyer.
Selling a house today is more difficult than ever, especially in a real estate market as competitive as Northern Indiana. If there are any issues with the house, such as damaged property, probate, bankruptcy, or foreclosure, doing a traditional home sale can be challenging.
A better option may be to sell your house as-is for cash to a company that buys houses in Indiana. Below, we look at four tips on doing a cash home sale.
1. Tip #1: Find a Reputable House-Buying Company in Northern Indiana
If you decide to sell your house directly to a house-buying company, you’ll need to find an experienced and honest company. Look for a home buyer with the following qualities.
- Has a lot of experience with cash real estate transactions
- Can provide references from previous real estate deals with motivated sellers
- Has positive online ratings and reviews from previous sellers
- Works with sellers in tough situations similar to yours
- Is willing to buy your house as-is for cash
While there are some bad apples in the real estate market, plenty of honest, reputable buyers are willing to buy your house the honest way.
2. Tip #2: Don’t Let a Home Buyer Lowball You
Regardless of how you sell your house, buyers will try to pay the lowest price possible for the property. However, there is a difference between trying to save a few thousand dollars and lowballing a buyer.
There is no clear rule of thumb when accepting a lower price for your house. Experts often say that any offer below 10 percent of your home’s property is a lowball offer, which may be true in normal circumstances.
However, if you need to sell your house fast or get out of a mortgage due to bankruptcy or foreclosure, you may need to be more flexible in what offer you accept to avoid financial hardship.
3. Tip #3: Don’t Make Any Repairs to the House
If you are a first-time seller, you may be tempted to make repairs or upgrades to the house to get a better price. However, repairs can be expensive if you have an older or damaged house. When you do the repairs or make major home improvements, you may not have much left over in profits.
Fortunately, in a cash sale, the house-buying company is willing to buy your house as-is. So, you don’t have to make any repairs or upgrades to the property. In most cases, you won’t have to schedule a home inspection. The buyer agrees to purchase the house in its present condition with no strings attached.
4. Tip #4: Don’t Take Too Long to Accept an Offer
This tip is primarily for home sellers in a stressful situation such as a divorce, probate, bankruptcy, foreclosure, or rental property with bad tenants.
One of the benefits of a cash sale is speeding up the house-selling process. You don’t have to wait for months to repair the house, find a buyer, negotiate a deal, and close the sale as you do in a traditional home sale. The process of selling your house is much simpler.
- Find a company that buys houses in Northern Indiana.
- The company assesses your house to determine if they want to buy it.
- The house-buying company makes an offer.
- You accept the offer.
- You close the sale.
In most cases, you can close the sale within one to two weeks of accepting the cash offer. A cash sale allows you to get the money you need to pay off your debt or get out of your mortgage. The faster you accept an offer, the faster you can get out of your situation.
Sell Your House As-Is for Cash in Northern Indiana
If you need to sell your house fast in Northern Indiana, contact HouseMart. We buy houses as-is. Call 219-230-8735 to get a fast cash offer today.