If you have a home you need to sell quickly in Phoenix, you have a few options:
- Sell your home with an agent who understands your fast timeline.
- Sell to an iBuyer if your home doesn't need repairs.
- Sell to a We Buy Houses company if your home needs some work.
Each option comes with its own drawbacks, the biggest of which is the lower price you'll have to accept to prioritize speed. That being said, sometimes speed is the most important. You may need to leave the area due a new job or other life change. Or you may have inherited a house you can't afford to take care of.
Whatever the reason you need to sell fast, we've outlined your best options to sell quickly in Phoenix. Keep reading to learn which method is best for your situation.
To get cash offers right now, sign up for Clever Offers. A local agent will gather and compare offers for you from leading iBuyers and We Buy Houses companies. Your agent will help you negotiate to get the best price and provide you with a free home valuation so you know what your home is worth on the open market.
What to expect when selling a home in Phoenix
In Arizona, homes usually sell the fastest during May and slowest during October.
To set expectations for your selling timeline in Arizona, look at two factors:
- Median days on market: Number of days before a seller accepts an offer
- Average time to sell: Number of days on market until offer, plus the average number of days to close
Average time to sell a house in Arizona
Median days on market
Average time to sell
Based on Realtor.com data (October 2022)
In Arizona, the current average time to sell is 11.4% faster than than the national average.
» LEARN MORE: Average Time to Sell a House in Arizona
How to sell my house fast in Phoenix
Best option: Sell your house quickly with an agent
Listing with an agent gives you the best chance to make the most money from your home sale, even if you need to cut the price to sell quickly. If your goal is to sell your home faster than the average 70 days in Arizona, you should price your home about 5% below market value.
One downside to selling your home with an agent is that you may not sell as quickly as you would selling to an iBuyer or a We Buy Houses company. Those companies pay cash, but when you're selling to an individual, the buyer financing process can add several days to your timeline.
Some expenses that will further reduce your bottom line are your agent's commission, the buyer's agent's commission, and closing costs.
Selling with an agent is best for…
- People with homes in good condition
- People with at least 30 days to sell
- People who want to sell fast while making the most money
Tips to sell fast with an agent
The advantage of using an agent is their knowledge of the local market, which is very important to consider when you want to sell fast. Along with your own agent's advice, consider these tips to sell your home quickly from Lisa Dixon, a Top 1% Diamond Club Realtor at HomeSmart in Phoenix.
Price your home to sell, but keep your own finances in mind. When settling on a listing price, Dixon says to keep the price on the low end of the range, but make sure you're not shorting yourself. "A seller will first need to determine what dollar amount they need to cover the basics—payoff on their home, taxes, title and escrow fees, HOA fees, and commission," says Dixon.
Get the home ready for showings. "First impressions are everything," says Dixon. "Talk to an experienced real estate agent to get tips on curb appeal and decluttering and staging." You should also fix all items that may potentially show up on a home inspection.
Extend financial incentives to prospective buyers. "Sellers should consider offering concessions to the buyer to help with closing costs or buy down the interest rate," says Dixon.
Review the buyer's financials. Dixon says, "All buyers should be vetted prior to accepting an offer. The agent should be in contact with the lender and request loan status updates. This will allow the seller to confirm the loan is moving forward."
Keep an eye on the details as closing approaches to avoid time-consuming snags. "The seller should complete all paperwork in a timely manner, and the agent should work closely with escrow and title to make sure they have all required documents," says Dixon. "To avoid a last minute cancellation on the buyer's side, the seller should review the offer carefully and negotiate terms that won't allow a last minute cancellation."
Better option: Sell to an iBuyer
iBuyers leverage technology to assess your home and produce an all-cash offer. In general, iBuyers only buy homes in good condition, meaning that if you have major problems like a leaky roof or cracked foundation, you won't be able to use them.
Typical iBuyer purchase criteria include:
- 🏠 Built after 1930
- 💰 Valued at $100,000–600,000
- 🌲 Located on 1.5 acres or less
- 👤 Owner-occupied
iBuyers are still a relatively new way to sell a house — only 27% of homeowners fully understand what they are. Before you consider using, research how iBuyers work and familiarize yourself with the top iBuyers across the U.S.
Selling to an iBuyer is best for…
- People with homes in good condition that meet iBuyer criteria
- People who are willing to sacrifice about 10% of the sale price for a guaranteed fast sale
- People who don't want to show their homes or conduct open houses
Sell to Opendoor in Phoenix
4.3/5 across 3,322 reviews
Closing date window
As little as 14 days
Expect to pay about 1–3% in closing costs and another 1–2% in deductions for repairs requested by Opendoor. These costs are in addition to the 5% service fee. In our review of Opendoor, we found that some customers were turned off by these inflated repair costs, but others praised the service for its fast, seamless transactions.
Sell to Offerpad in Phoenix
3.9/5 across 524 reviews
Closing date window
As little as 8 days
In addition to Offerpad's service fee, count on paying about 1–3% in closing costs. During research for our Offerpad review, we noted that many customers praised the company for its responsive customer service. Some customers were dismayed with the reduction in offer price after the home inspection, however.
Be aware that Offerpad charges a 1% cancellation fee if you cancel beyond four days after the home inspection.
Good option: Sell to a We Buy Houses for Cash company
The fastest way to sell your home in Phoenix is to sell to a We Buy Houses company. These companies can close on your home in just weeks because they're funded by investors that pay all cash. You won't need to wait for buyer financing to come through like you would when selling to someone with a mortgage.
But all of this speed comes at a cost. We Buy Houses companies usually only pay up to 70% of a home's market value, since they factor in the cost of repairs into the offer price.
Most We Buy Houses Companies in Phoenix have the same process. After contacting the company, someone will come to the house to do a walkthrough. Soon after the walkthrough, they'll give you their cash offer.
There's no obligation to accept the offer, so get several offers from different companies to see your options.
We Buy Houses companies are best for…
- People who want to sell their homes in as-is condition
- Sellers with no iBuyer option in the region
- People with inherited homes (for more info, see our Stress-Free Guide to Selling an Inherited House)
How to choose a We Buy Houses for Cash company in Phoenix
Phoenix has many cash buyer companies — you can begin your search by taking a look at our top We Buy Houses for Cash companies in Phoenix.
When deciding on a company, compare reviews from past clients and ask how quickly the company can close on your home. Some cash-for-homes companies in Phoenix take only a week, but others may need a month or more.
Many people wonder if We Buy Houses companies are a ripoff. Most cash buyer companies are legitimate investors who want to make money buying, renovating, and selling your home. If a cash buyer's price seems like a lowball offer, you can always turn it down. Never sign anything before looking at a final offer price, and walk away if you think it's the wrong decision.
Why trust us
Jon Stubbs has spent hundreds of hours researching ways to sell homes quickly. This research includes interviewing real estate agents and representatives from iBuyers and cash buyer companies. The author has written dozens of articles on selling homes with a listing agent as well as non-traditional selling methods.
You can sell your home in one to four weeks using a We Buy Houses company as long as you're prepared to give up about 30% of the market value of the home. The fastest companies can close in a week, while others might take up to a month. Find out more about selling to a We Buy Houses company in Phoenix.
If you want to sell in a week or two, a We Buy Houses for Cash company can help — but they'll only pay 70% of your home's value. If you have a few months to sell your Phoenix home, you can partner with a listing agent to make more money. Learn more about how to sell your home quickly in Phoenix.