Late mortgage payments, divorce, liens, burdensome rental property, health concerns, and other kinds of situations — the list goes on. Whatever the reason, many people find themselves looking for someone to buy their house fast.
But depending on the current selling market and condition of your house, selling your home the traditional way could be too time-consuming for many people. Your hopes of finding someone to buy your house now may not pan out and rather be a long, stressful process.
Fortunately, you do have some options to explore that won’t leave you out in the rain if you need to sell now.
If You Need Someone to Buy Your House Now, What Are Your Options?
Let’s take an objective look at avenues you might consider to sell your home fast.
1. Get It in Tip-Top Shape
Know there will be some expense involved with this option, but it is something to consider. If you have one of those “ugly houses” or a home in disrepair, you will need to invest some money into fixing it up. It needs to be appealing to a lot of buyers to move quickly.
Even if your home isn’t a total tear-down, you might need to invest in upgrades to help your home compete on the market. These could include fresh paint, new cabinets, remodeled floors — really, anything to help make the home look up-to-date and ready to sell.
Homes that are fixer-uppers do not sell fast in the traditional home buyer marketplace. Most people want a place they can move right into and call home.
According to the National Association of Realtors, existing-home sales are down nearly 18%. While some of this decline is due to the COVID-19 lockdowns, people also gravitate toward newer, move-in ready homes.
If you want your home to shine on the market, it will need to be in tip-top condition to stand out from the competition.
2. Offer to Pay Their Down Payment
This may not be an option with some lending company’s mortgage types, but it can get people interested in your home. In a situation where you need someone to buy your house now, you need as much buzz as possible.
Those who want to buy houses for the first time often struggle to meet their lenders’ current down payment requirements. And mortgage companies will often allow a percent of the down payment to come from another source, even if that’s the home seller.
If your buyer’s Fannie Mae / Freddie Mac lender doesn’t permit this, you can always take that amount off the selling price to keep your part of the deal.
If you have a house that is less than ideal, this can be a very effective option to entice a homebuyer to act now.
3. Get a High-Power Real Estate Agent
High-power real estate agents can sell homes fast. But there are no guarantees, there may be extra fees, and a top real estate agent will likely not accept a home that’s in disrepair, so this won’t be the right option for every situation.
If you need someone to buy your house now, you likely do not have time to put your home on the market (with an agent or FSBO). When you do that, it takes time to repair, update, and stage the home.
Once all of that is done, your real estate agent will need to market the home and conduct open houses.
Then when an offer finally comes, it’s important to realize that you can’t get someone to buy your house now who has to go through traditional financing and escrow. It typically takes 30 days to close.
Even after all of that time and effort, it could fall through at the last minute, starting the process again.
If, on the other hand, you decide to skip the repairs and updating, it could take months to a year or more to complete the moving process and find an interested buyer. This isn’t exactly the instant buyer you’re hoping for.
All of this time, you may have to make mortgage or rent payments on two properties if you purchased your next home already and risk falling behind financially.
4. Become a Guerilla Marketer to Sell the Home Yourself
If you have a knack for creativity, are a real people person, love technology, and are a bit of a go-getter who can work full-time to sell this home fast, then Guerilla Marketing tactics can work wonders.
Guerilla Marketing tactics are off-the-wall, high-octane selling strategies that are often so out there that they work.
People have sold homes fast by:
- Knocking on all of their neighbor’s doors and in the surrounding area to inquire about people who may want to move.
- Test-driving your house. Let people who show serious interest stay in the house for a weekend.
- Throw in a freebie. Have a big mounted plasma TV that you don’t want to have to take down? Make it part of the deal and advertise that.
- Create a self-guided virtual tour or get on Facebook Live. Promote. Promote. Promote.
Don’t limit yourself. In a situation where you need someone to buy your house fast, you’ve got to work every angle and resource you have to sell quickly.
5. Explore Cash Home Buyers
In circumstances where you need someone to buy your house fast, you might consider selling to an investor or cash buyer that purchases a home as-is.
Cash home buyers are usually investors who buy homes fast from sellers who are dealing with: things like:
- Eminent foreclosure
- Burdensome monthly payments after a job loss
- Currently rented duplex
- Vacant houses due to the health of a family member
- Shared inheritance
Some cash buyers will offer a fair cash price. But many are hard negotiators who will try to get you down to rock bottom where you may regret it in the morning.
Many cash buyers have lots of restrictions and will do everything they can to get the lowest price, even if that means being dishonest to get you on the hook.
Not all cash buyers are the same, so do your research. Some companies will only buy market-ready homes. They may not be willing to take on renters, liens, or other less than ideal circumstances.
The cash buying industry can also be somewhat predatory, so be sure to check reviews and ratings to ensure your buyer is on the level.
They might make an offer. Then pull a bait and switch when the inspector “finds” problems that you were very forthcoming about when they made the offer. Online offers may be instant, but they may still take a while to close and do not provide a firm offer price.
Look for a no-obligation, firm offer with a company that’s trusted in the industry and hires people who like to help people in these kinds of buy my house now situations, not take them for all they’re worth.
There are cash home buyers who can often make a fair cash offer on the spot and buy your home in as few a 7 days.
Can HomeGo Buy My House?
HomeGo is looking for properties all across the country in any condition. An agent will complete a brief walk-through and make a same-day offer. If we don’t feel that we’re the best option for you, we’ll tell you!
HomeGo is different. An agent who understands your home’s value does due diligence before making a firm offer — so no bait and switch.
We can present you with a same-day offer and can close in as little as 7 days — no repairs, upgrades, staging, or endless showings required!
Wondering if HomeGo can buy your house now? Of course, we can!
How Fast Can HomeGo Buy My House?
Our agents can make a same-day offer once they quickly look at the property. You can close in as little as 7 days.
But if you need to stay longer, we have a flexible leaseback program that gives you the time you need to transition to your new living arrangements with cash in hand from your closing.
Benefits of HomeGo Buying Your House
Depending on where you live, you may have seen a lot of signs, flyers, and even letters in your mailbox offering to buy your home.
It can be hard to spot the difference from one cash buyer to another, so we want to take some time to share how HomeGo is different and how that benefits you, the homeowner.
1. HomeGo Offers Leasebacks
Need to stay longer? We don’t rush you out the door. We understand that if you sold your home fast, you had no time to plan. We try to make it as easy as possible.
2. Real Same-day, Cash Offer
No waiting. After a virtual or physical walk-through, our experienced, local agents feel comfortable making you a real offer, not a best-case scenario offer that changes with the wind.
3. No Repairs or Upgrades
Seriously, we won’t ask you to do anything except move your belongings out by the date we both agree on. Even if you’re selling a home trashed by tenants, damaged in a natural disaster, or was taken over by hoarding, we can work with that.
4. No Showings or Negotiations
Instead of scheduling multiple open houses and showings, a simple walk-through and answers to basic questions are all we need to make an offer. We do not need to complete a lengthy, invasive home inspection.
5. Fast Closing with Helpful, Experienced Agents
Close in as little as 7 days. Our local agents have completed closings again and again, so they can help make the process as smooth as possible.
They know their markets and use their knowledge to determine their best offer for your home. When selling with HomeGo, you are always welcome to bring your own agent to represent you.
For Those Buy My Home Fast Situations, Check Us Out!
If you’re looking for someone to buy your house fast, contact HomeGo for a no-obligation offer. Sell your house now, not weeks or months or years later.