All you had to do was hang a “For Sale” tag on your front yard and wait for potential buyers to call you… and sometimes you’d get 5 above asking price offers before dinner time.
However, in today’s tough economy, coupled with an unstable (but stabilizing) housing market, just about everyone from homeowners to real estate investors and agents are having trouble when it comes to selling houses fast in some parts of the local market. Even investor sellers are having buyers turned down for financing, and they are making price reductions on more than 55% of their properties to get them sold. That is a huge shift from just a few years ago – financing was easy and buyers were getting cash anywhere they could to pay over asking price. Now, seller price reductions, closing costs contributions, and inspections repairs are coming back to most transactions.
Throughout the country, more and more homeowners are seeking to sell their homes fast thus creating stiff competition in the market. A seller that can offer creative terms will have a competitive advantage if a cash buyer is nowhere to be found.
However, if you are trying to figure out how to you can get cash for houses in Central Mississippi Mississippi, then you should not lose hope, especially if you know what you can control; and there is a lot that you can control.
Here are a few tips that can help you sell your Central Mississippi Mississippi house for cash in the shortest time possible…
Getting Cash For Houses in The Central Mississippi Mississippi Area
There are a few viable options when you’re selling your Central Mississippi Mississippi house for cash in today’s market… and I’ll walk through some options here in this article. Hopefully by the time you get to the bottom of this article you’ll have a pretty darn clear picture for the options you can go after to sell your house fast without hassling with a buyer who has to get a loan from a bank… that may take weeks or months.
Do not be carried away with emotions
When you are trying to sell your Central Mississippi house fast, you must start off by taking complete charge of your emotions. When your life and money, or both, are tied up in the house, it is quite easy to succumb to the power of emotions when selling your house. However, you need to know that you will be able to make a wise decision and get the best deal when selling your house fast if you take a logical approach to the task at hand.
Know your competition here in Central Mississippi and your neighborhood
While trying to sell their Mississippi houses fast, most homeowners place a “For Sale” tag in their front yards blindly without doing a prior research of the prevailing market prices. Remember, every buyer wants to get the best value for his money… but some house sellers can wait the 3-6 months to sell that it may take for a full price buyer to come along… while other sellers need to sell immediately.
So if you need to sell immediately… see what the other houses in your neighborhood that are similar to yours are listed for (or just sold for)… then look and see how long they took to sell. If you can’t wait that long… how much of a discount are you willing to give the cash buyer in order to attract them to buy your house quickly? Too often, sellers look only at what other homes are listed for sale and don’t consider what prices and terms others actually sold for. A seller that got a higher price might not reveal they paid more toward closing costs, or other concessions, than other sellers paid. Sellers may even pay rate buy-downs for buyers as rates continue to rise, making it more difficult for buyers to afford your property.
As such, potential buyers will be doing a thorough research in order to find the best house that suits their budget and needs. In addition, buyers are looking for sellers willing to contribute to closing costs, pay rate buy-downs, and make pre-closing repairs and improvements, all to benefit the buyer for your property. To help you out, you need to know what the other sellers are offering in order to know how to quote your house competitively. A licensed agent will have access to market data including concessions being offered in your market. If you have time, working with a licensed professional, can often bring a higher price with the best concessions to get those buyers in the door!
Objectively assess your situation and property
It is important that you establish whether your house can compete effectively with what other sellers are offering. It if cannot, then find out if you can make a few repairs to make it competitive in the marketplace. If this is necessary, you need to create a budget and timeline during which you will renovate your house before putting it up for sale if you’re going to try to sell it to a “retail” buyer (someone who plans on living in the house). Taking time to make needed repairs before your property goes on the market will show a buyer that you care about maintaining your home and they feel they are getting a better property than the one down the street with all the deferred maintenance. If you want top dollar, make your property look and feel like it is worth top dollar.
However, if you do not have the finances or time to repair the house, you can still sell it fast in “as is” state. That’s actually what we do here at IM, LLC. We buy Central Mississippi houses… we pay cash… we can close quickly… and you won’t have to do any repairs at all. We will have our inspectors evaluate the property so that we can present a clear picture of the repairs needed, many you may not even be aware of – hidden leaks in roofing or plumbing fixtures. A recent property we purchased needed thousands of dollars in pluming repairs due to old pipes that were leaking under the house. The seller wasn’t aware of the slow leaks and poor workmanship done by plumbers over the 50+ years of their ownership.
Give us a call at 601-401-6965 if you need to sell fast... we can make you a fair all-cash offer within 24 hours. No obligation or hassle at all. Take the offer, chew on it and decide if it’s right for you.
Get the pricing right
Most local Central Mississippi Mississippi home sellers fail to sell their houses fast because they are asking for too much. Believe me, everyone thinks they have the best house on the street, in the neighborhood, and feel like theirs is worth more than all of those others. Well, if you didn’t feel that way about your house, you probably would not have bought it! When you are selling, what matters is what buyers in your market think about your house, and the way neighbors maintain theirs can have an impact on your value, in a buyer’s eyes.
Be sure to talk with an experienced real estate agent in order to give your house the right valuation so you know what you may be able to sell it for if you list it with an agent. If you can wait the 4-6 months to sell to a full priced buyer… awesome! Price it high and see what you can get!
If you have to sell your house fast… you’ll need to price your house more attractively and be willing to negotiate on price.
There are several reasons why you may want to get cash for houses in Central Mississippi. It could be due to a pending foreclosure, a recent divorce or death in the family or the need to downsize to save money. Regardless of your reasons, these simple tips can help you sell house fast at a competitive price.
Want to learn more quick home selling tips? Click here. Better still, call us today at 601-401-6965 for amazing cash for houses deals in Central Mississippi. 🙂
We here at [company] offer cash for houses in Central Mississippi. We’re local buyers helping local home owners sell their house quickly with no hassle.
We either hold these houses ourselves or remodel and fix them up for someone else who would love to live there and enjoy the home themselves.
If your Central Mississippi Mississippi house qualifies, we can you make a quick and fair cash offer.