According to the 2019 National Association of Realtors report, over 90% of real estate transactions happen through the MLS. However, a growing number of homeowners are getting frustrated by the slow pace of the traditional route, opting to sell a home fast to cash home buyers.
Cash for houses provides the allure of instant payments and closing dates scheduled in shorter timeframes. You can sell a Cleveland home quickly and receive the full amount without budgeting a cut for agent fees. While house sales without a realtor can be enticing, homeowners can easily fall into the traps of scrupulous home buyers if they fail to do their homework.
Here are five costly errors that you may need to avoid when planning to sell a Cleveland home quickly.
1. Failing to Qualify the Cleveland Home Buyers
Reporting to your new station or a foreclosure notice may push you to sell your home fast. However, skimping your research on the cash home investors can prove costly in the long run. Take time to learn more about the potential buyer. Read through their website and the reviews therein. If possible, take a visit to their physical offices. Please inquire about the number of homes that they have bought within your locality. Do not forget to ask for an authentic proof of funds letter from their lender to guarantee that the money to finance the transaction is available.
2. Enlisting a Real Estate Agent
When selling a home, most homeowners’ first instinct is to call in a real estate agent to facilitate the transaction. However, hiring a realtor means that you may have to part with three to six percent of the transaction value as agent fees. You will have to part with this amount even when you found the Cleveland home buyer yourself. Home sales without an agent set you free, allowing you to enjoy the full amount without any unnecessary deductions.
3. Carrying Out Expensive Upgrades and Repairs
Real estate agents often recommend homeowners carry out upgrades to the home to make it attractive to potential homebuyers. Luckily, you do not have to worry about the condition of your property when you sell a Cleveland home quickly for cash. Selling your house as-is allows you to avoid costly repairs and staging stressors.
4. Overvaluing Your Home
Cash offers for the house may not meet the retail price for your home. Nevertheless, you can make great savings by choosing a direct sale. You do not have to part with any agent commissions. Additionally, no staging, photography, or listing fees required. Cleveland cash home buyers provide instant, fair offers based on the condition of your home. You may need to have a realistic expectation of the value of your home or risk losing out on potential buyers.
5. Stirring Up Emotions at the Negotiating Table
You may have created fond memories within the walls of your home throughout the years. The emotions can cloud your judgment when negotiating the right price for your home. You may need to set them aside, viewing your house just like any other property.
You can sell a Cleveland home quickly to cash home buyers and enjoy faster closing processes. Avoid the five mistakes above when planning to sell your house fast for cash. If you are looking to sell a home fast in Cleveland, OH, reach out to Sell Your Home Cleveland for an instant, fair offer.