Q:

How can you sell your house for cash?

A:

Quick Answer

To sell a house, consider options such as companies that offer to buy it for cash, a lender’s offer on a short sale and a deal from a quick sale estate agent. Sell your house to a company that offers cash on as-is basis, which ensures you close quickly, reports Bankrate.

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How can you sell your house for cash?
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Full Answer

Consult with a quick sale estate agent who uses his knowledge and expertise to find prequalified buyers and eliminates the hassle of showing the house to lookers who are unlikely to purchase it, states The Huffington Post. Although you receive a lower cash offer, do your research such as requesting an independent appraisal or evaluating the price of comparable homes in an area to set a fair price that attracts buyers, according to Forbes.

Ensuring fixtures and appliances are in tip-top condition creates the right impression and allows prospective buyers to enjoy the home without fretting about fixing it, advises Forbes. Improving the curb appeal makes the home attractive to potential buyers, as it sets the right expectations and increases the chances of closing.

Make concessions such as offering to subsidize or cater for closing costs entirely to sweeten the deal for buyers during a down market, states Forbes. Make practical improvements on the home that provide a reasonable return and capture a wider audience. Negotiate with your lender for a short sale on your home, in which you receive less cash than you owe, says Bankrate.

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