Have you reached that tipping point with your Omaha home? Do your fixed income or endless project list have you saying, "sell my home fast"?
If you drive around Omaha on the regular, you'll likely notice signs stating, we buy houses for cash or we pay cash for your home. Does someone paying you in cash for your home sound pretty appealing?
You may want to make a sell house for cash pros and cons list of your options. Weighing the factors of each choice will help you answer the question, "What's the best way to sell my house now in Omaha?"
What About an Omaha Realtor?
Using a real estate agent, or Realtor, is very likely how you purchased your home. Until recently, it was considered the only real way to sell or buy a property. But, if you're thinking "I need to sell my Omaha house fast" or "I need to sell my house for cash", an agent may not be the best fit for you.
First, you'll need to find a realtor you can trust. Next, you and the realtor will walk through your home. Your agent will make you aware of interior and exterior changes or updates you need to make.
This is an important part of the listing process. The problem is, it all happens before your home will even be shown or listed on the MLS (multiple listing service).
Consider the Time
These updates and changes make your house more appealing to potential buyers. Improvements and updates add up, and can quickly increase your home selling expenses. Making necessary changes to your home will also slow down your selling timeline.
If you're unable to make improvements on your own, you'll need to hire contractors or other professionals. This adds another layer of communication, appointment setting, receiving bids, and more stress to you! Not sure about you, but if "I need to sell my house fast", this process won't do!
Once you've made the suggested changes to your home, you'll need to make sure it's staged properly. This often involves removing or adding furniture, and changing the look of your home to make it more appealing. This process, while beneficial to your sale, adds time and potentially more cost to you.
All these prospects may leave you thinking, "I'd rather sell my house as is!"
Consider the Hassle
Now, let's talk about showings! When your house is finally listed on the MLS, potential buyers want to see it. This can be intrusive as it's best practice to be available all day every day for showings.
In addition to showings, most real estate agents suggest open houses. The idea of strangers walking around in your house is perfectly fine for some, but not for all. Realtors are professionals and are always present while hosting open houses.
We've already discussed additional costs in terms of getting (and keeping) your house ready to list and show. If you decide to enter into a contract with a real estate agent, your agent and the home buyer's agent need payment for their involvement as well!
Each party's realtor (buyer and seller) will usually each take a 3% fee of your home sale as their commission. If your house sells for $150,000, $9,000 will go towards realtor fees. Since realtors spend time and effort making sure all is in order to list and sell, it makes sense they'll need to be paid.
Lots of Cooks in Your Kitchen
While you're working directly with your real estate agent, there are many other people who need to be working on that traditional home sale. You'll likely never meet most of them, but they are a necessary part of the traditional home sale process.
If you have a mortgage or your home buyers need a mortgage, there will be at least one, but likely two, financial institutions involved. Financial institutions have many regulations to follow.
As a result, your house will need an inspection. Traditional lenders will also require a visit by the county assessor, a title company representative, and a mortgage representative or two.
All of these occupations are helpful in moving the traditional home sale process along. However, the more cooks in the kitchen, the longer it takes (and more expensive it is) to make the meal! As an example, the average amount of time to close (complete the sale) of a house in September, 2020 was 51 days.
Realtors and other professionals are helpful and necessary for a traditional home sale. If you're still saying to yourself "I need to sell my home fast", the traditional process probably isn't the best fit for you.
Can I Sell My Home?
Yes, you can. This option is much easier said than done. If you are equipped to handle all of the necessary steps needed to list, sell, and close on your home, go for it!
If you decide to go FSBO (For Sale By Owner), it's a good idea to get in touch with an Omaha lawyer to make sure all your closing documents are up to snuff. This may or may not be less expensive than using a real estate agent, and the burden on you is considerably higher.
Since most traditional buyers won't pay cash for your home, you will most likely be dealing with a considerable wait for the sale to close. FSBO will save you some money, but not much (if any) time.
Are Omaha Cash Buyers Legit?
This is an important question, and one you should definitely ask! Do some investigating before you contact companies that buy homes for cash.
You should interview the person or people offering cash for your home either in person (if it's safe due to COVID-19) or via video chat. If you are asked to pay a deposit before you meet, beware! Never divulge bank numbers or Social Security Numbers up front; this is a serious red flag!
Any cash buyer should have at least one satisfied homeowner who has used their services to sell their home for cash. Chat with this person or people who made a sell house for cash decision about their experience. They were once in your shoes thinking, "I need to sell my home fast!"
Do some research. Check out the cash buyer's website. Ask how they came to be involved in the business and what their goals are.
Do a drive around your neighborhood and do some Googling. Find out, "are there houses for cash near me?" If so, talk to those involved with that process and ask about their experience selling house.
Are they accredited? For example, we are accredited by the BBB. You can rest assured we operate with integrity and best business practices while helping you sell your home in Omaha!
Keep It Local to Omaha
Do these professionals advertising, "we buy houses" live in the Omaha area? It's always nice to work with someone who understands your community. Many times, those who are living and working in Omaha will have the best pulse on the local market.
Ask details about how the sale is done. While some cash buyers are realtors, some are not. Many professionals hire a realtor, without cost to you, to make sure the legal and regulatory details are handled properly.
How Does It Work?
We will work with you to determine the best way to go about selling your home for cash.
If your home is in need of improvements or updates, we'll take care of it after the sale. There's no need for you to fuss over arranging contractors or taking on projects yourself. We will buy your home as-is!
No showings? No problem! We're the only ones who need to walk through your house and we'll work with your schedule.
You won't need to keep your house immaculate, or scramble to find someplace to go during an open house. By partnering with us, you eliminate the need to have a stream of strangers walking through your home.
One Cook in Your Kitchen
You get to make the big decisions about your home! You can pick your closing date without having to wait for a team of people to complete paperwork and inspections. This option makes a lot of sense if you need to sell your home fast.
When you sell your home for cash, you get equity faster! You won't have to pay fees to real estate agents or closing costs.
Selling your home for cash eliminates the many middlemen and puts you in the driver's seat. You are the one making the decisions about your home!
Nobody knows your life and home better than you! If you're thinking "I need to sell my house fast for cash", finding a cash buyer may be your best option.
If the reality of your home's repairs or updates seems overwhelming, finding a professional to buy your home for cash will save you stress and money!
Is It a Good Idea to Sell My Home Fast to Cash Home Buyers?
Life is ever-changing! If you've had to relocate quickly, the professional who advertises "we buy houses" may be a good fit!
Maybe you're behind on property taxes or are starting down the road to foreclosure. If so, working with a professional who will buy your home for cash could alleviate that giant burden. We are here for our neighbors who are thinking, "I need to sell my home fast!"
If anything you've read here rings true for you, give us a call at 402-802-9634 or visit us at www.katyandfrank.com! While you're there, check out our testimonials!
We'd love to partner with you. At the end of our journey together, we hope you'll be happy to declare, "I'm so glad I decided to sell my home in Omaha for cash!"
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