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Whether you have accepted a job in a new city, bought a new home, or are facing foreclosure, there are plenty of options to get your home sold fast.
For each of the options below, we'll explain the timeline, risks, and relative sales price so
There is one option that allows you to sell your home quickly, for the highest
Enlisting the Help of Real Estate Agents & Realtors
Last year, 89% of home sellers opted to use a real estate agent to list and sell their home. Why?
Simple, an agent takes the guesswork out of real estate transactions. Here is a list of all the areas of the home selling process a traditional real estate agent takes care of:
- Listing the home on the MLS (Multiple-Listing-Service)
- Marketing the home on the web (Zillow, Trulia, Redfin, etc.)
- Comparative Market Analysis for Price
- Yard Signs & Lockboxes
- Photography & Staging
- Negotiating Offers & Counteroffers
- Coordinate inspections, title, and closing
In addition, the same National Association of Realtors report notes that on average, homes sold with a real estate agent closed 3 weeks, while homes sold without an agent close within 2 weeks.
To speed up this process
Although listing with a traditional agent can offer some peace of mind during the home selling process, it's far from the quickest option. Traditional agents charge high commission fees, so you have to price your home higher to get the same result.
Listing with a top-rated agent for a reduced commission allows you to list your house for less and receive the same amount at closing, allowing you to sell your house quickly, and for top dollar.
To get connected to a top-rated, local agent that will list your home with a discount on commissions, visit our locations page. Your Clever Partner Agent will charge just $3,000 if the home sells for less than $350,000, or 1% if the home closes for more than that.
Listing For-Sale-By-Owner (FBSO)
The next option to get your home sold quickly is to list it for sale by owner. Seling your home yourself lets you control the price you're asking,
Unfortunately, homes sold by owner usually take longer to sell than homes listed with an agent, unless you already know the buyer.
You can sell your home faster, but you will have to price it for less than it's worth.
The biggest risk of selling For Sale By Owner is that most buyers aren't pre-qualified, and it's common for homes to go under contract more than once, as the first time the buyer's financing might fall through.
Remember, when you sell For Sale By Owner, you are now responsible for the listing, marketing (photos, yard signs, etc.), negotiating, documentation, and legal fees. If you
If you find that the FSBO process isn't going smoothly or quickly enough for your liking, you can always lower your price, or reach out to an agent to get back on track.
What About A Short Sale?
If you have been looking at options to get your home sold, you may have across a real estate transaction known as a “short sale.” The name of the transaction would
In real estate, a short sale is when the lender attached the mortgage of the house agrees to let the seller sell his or her home for less than
The most important thing to note is that short sales are the farthest thing from selling quickly.
Short sales can take considerably longer than a traditional real estate sale and not all homeowners are eligible to short sell their home. A homeowner needs to be facing significant financial hardship, unable to stay current on their mortgage payments and facing foreclosure. Even in these circumstances, allowing a short sale is still at the discretion of your lender.
In summary, if you need to sell quickly, stay away from a short sale.
Selling to an Investor or House Flipper
Investors will buy properties in their current “as is” condition, removing the need to make significant repairs or upgrades before
The biggest caveat to using this method is that although your home will sell quickly, almost always you will
Investors are only looking to buy your home because they intend to repair
Selling To An Online Home Buying Company (
In the past 5 years, the market has seen several large companies get into the business of buying single-family homes. Some of these companies include Zillow,
While these companies offer unparalleled speed to sellers, that convenience can come at a high price.
There are situations in which selling to an
Learn More: The Ultimate Guide to
One of the least discussed methods of selling a home is the home auction. Homeowners can sell their home at auction, which sets a certain time frame to close between 30 and 90 days depending on the terms or auction service.
- Buyers come prepared to buy
- Quick disposal reduces long-term carrying costs, including taxes & maintenance
Assurance that property will be soldat true market value
- Exposes the property to
a large number ofpre-qualified prospects Acceleratesthe sale
- Creates competition among buyers-auction price can exceed the price of a negotiated sale
- Requires potential buyers to pre-qualify for financing
- The seller knows exactly when the property will sell
numerousand unscheduled showings
- Takes the seller out of the negotiation process
While this sounds good on the surface, there are several downsides
Home auctions typically aren't the easiest process to navigate. For starters, the list price of the home will often
Flat Fee and Discount Agents With Clever Real Estate
This option is perfect for homeowners who are looking to sell quickly, as the money they save on real estate commissions can
The normal commission structure looks like this:
- Listing agent makes 3% on the final sale price of the home.
- Buyer's agent makes 3% on the final sale price of the home.
The flat fee or discount structure with Clever Real Estate looks like this:
- Listing agent makes a flat $3,000 (or 1% if the
homesvalue is above $350,000)
- Buyer's agent makes 3% on the final sale price of the home.
For instance, if your home has a value of $300,000, you would pay $18,000 with a traditional agent (3% or $9,000 for both the selling and buyer's agent). Using a flat fee agent from Clever you would pay $12,000 ($3,000 + 3% or $9,000 for the buyer's agent), for
You could lower your price by $6,000 allowing you to sell your home faster than with a traditional agent, and net more cash in your pocket than any of the other options.
If you're looking to speak with a top rated, full-service agent that will let you sell your home quickly and save thousands on commission, click here to enter and get started.
If you need to sell your home fast,
Your Clever Partner Agent will
If you're ready to get started and talk to a real estate expert to discuss your options further, reach out to one of Clever's highly experienced team members at 1-833-2-CLEVER or by filling out our pricing consultation form.