Sell My Home Fast

Why Wait Months To Sell Your House When You Can Sell It Fast Now?

If you need to sell your Cincinnati or NKY house fast for cash, there has never been a better opportunity to work with investors who will give you a swift, cash offer. Fortunately for sellers, there has also never been more information available to them. Because of the internet, it's easier than ever to know the value of your property. So, if you don't have time to work with a real estate agent, clean up the house, take photos, list it on the MLS, market to buyers, go through the contract negotiation process, make post inspections updates to the property, wait for a loan to come in and then close the house ... (phew). There are other solutions to selling your Cincinnati house fast.

You way to sell your Cincinnati and Northern Kentucky house fast is to work with a cash home buyer.

When you first hear about this, the natural reaction is, "that sounds shady." However, the process really is quite simple and straight forward. It's really all about the numbers, and if the numbers work on both sides, we have a deal. Allow me to work through the steps.

Cash home buyers start with what we call as investors, the ARV, or After Repair Value. This is what your home would sell for if it was fixed up and updated. The way these companies get this number is to look at other comparable sales near your home.

Most people know that if a cash home buyer buys a home, they are going to fix and update the home. So, the next part of the process is to subtract all of the costs from the ARV. These include the repair costs themselves to make the updates. Say, for example, you need a new roof, furnace, updated bathrooms, an updated kitchen, new flooring and paint. It's not to difficult for all of these repairs to quickly equal $30,000 or more on a house that say, would sell for $150,000. The other costs are fixed costs that include closing costs, insurance, utilities while holding and repairing the property, and real estate commissions when selling the property. These often easily come out to at least $10,000.

The final cost to consider is the investor's profit. Usually, if a cash home buyer is going to put out their capital and take on the risk of flipping the house, they want to make at least $25,000 for their efforts.

As you start to see the math, you know where the cash offers are coming from. You'll want to work with a company that is always very straight forward with the numbers. Run away from any investors who are trying to strong arm you or be deceptive about the offer in any way. Work with someone who will lay out a straightforward offer that you can take or leave. Sometimes that cash offer works for your situation. Sometimes it doesn't.

The advantages of a cash offer are many. You can close fast. You get cash in your hand quickly. You don't have to make any repairs or updates. You don't have to negotiate with an end residential buyer. Contracts are generally more simple and straight forward. You don't have to pay real estate commissions. And maybe most importantly, if you need to sell your Cincinnati home fast, you can just be DONE with it. There is value to just getting the process behind you because having a house be a financial liability causes all kinds of stress. With a cash offer, you can sell the house and move on to the next stage of your life.

There are both national and local house buying companies. Whoever you work with, make sure they buy houses all over the Cincinnati and Northern Kentucky areas, such as in Boone, Kenton, Campbell, Hamilton, Clermont, Butler and Warren counties. It's up to you if you want to work with a bigger, national company or a smaller, local investor who knows the area a bit better.

If the cash offer doesn't work, there are also different alternatives to sell your house for less than market value, but perhaps more than the cash offer. This typically looks like marketing the home on the MLS. It's not typically as fast as a cash offer, but you do have the opportunity to net more as a seller.

Make sure you work with a company who strives to be fair, honest and trustworthy. Check out all of the Google reviews and testimonials of any company you may choose to work with to sell your house. You'll want to work with someone who has acquired solid online reviews as this is a good way to indicate if they treat their clients well and are fair and honest.