When you sell your home for cash, there are a lot things you should consider before putting it on the market. This is the second article in a blog series on this topic. You can read Part 1 here.
Choosing to Sell Your Home for Cash Vs. Going After Homebuyers Who Need Loans.
…However, if your property needs some work and some overall updating, but is still in decent condition, you might want to consider going after buyers who need loans. Unlike right after the financial crises of 2008, credit is not very tight right now, and money is cheap, so lots of people can qualify for loans. The more people who can buy your home, the better, as this increases competition among buyers, which drives up the price. All things being equal, a buyer who is getting a loan on a property is more likely to offer a higher price than a buyer who is paying cash.
If You Choose to Sell Your Home for Cash, Give it the Market Exposure it Deserves
If you decide to sell your home for cash, it’s usually best to still list it with a real estate agent on the MLS. Why? This instantly exposes it to a lot more buyers. Sure, you’ll see flimsy promo signs on busy street corners that say “We’ll pay cash for your home”, but is it wise to work with those buyers? Perhaps, but it all depends on what they’re offering…
Read Part 3 of my blog series on choosing to sell your home for cash in Northern Virginia. We’ll discuss seller strategies for countering cash investors who low ball relentlessly in pursuit of the best deals.
Do you own a home in Northern Virginia and you’re wondering how the rapidly changing market has impacted its value over the past few years? You might be surprised by how much equity you’ve built up. Call me at 703-462-0700 or email me at DarrenRobertsonHomes@gmail.com to request a free home valuation. We can also chat about whether it would be a good call to sell your home for cash in the current Northern Virginia real estate market.