How Can I Sell My House Fast Without Losing Money?

 

It all depends on the time of year you decide to sell your house. On average a home sale takes between 2 to 6 months from start to finish to sell a property in Colorado. But what happens if you really need to sell your house a lot faster... is that even an option?

 

house, sold sign, handshake

 

Next, we will answer the question of "how can I sell my house fast without losing money?".

Maybe you need to sell quickly because of a medical emergency or sell before the foreclosure sale date. It could be that you're going through a difficult divorce, or you have fallen behind on your mortgage payments. In any of these cases, your best option is to sell your home quickly.

There are a lot of reasons why the traditional home selling timeline might not work for you. Let's face it; listing your house on the MLS is not always the best solution for everyone. So what do you do to sell your home quickly without losing money?

You are in luck! In this article you will learn exactly how you can sell your property fast without losing money.

 

The Best Way To Sell Your House Fast in Colorado

If you really need to sell your home fast in Colorado, then you really only have one viable option to get it done.

 

Sell it to a cash homebuyer in your area

An important step to consider is how much money you want to sacrifice in exchange for a faster sale. Doing so helps you decide if this strategy works best for your timeline.

A "We Buy Ugly Houses" company has the ability to make you a cash offer and close quickly. However, it will not be a full price offer. Instead it's likely to be closer to 60% of your home's current market value.

If your property needs a lot of repairs, it's very likely that it will not sell fast on the MLS. Selling it at a discount is probably your best option. Knowing that you might as well explore this type of option for selling your house.

This article provides you with the pros and cons for selling your house in Colorado fast.

 

Sell Your House To A Cash Homebuyer in Your Area

Selling a house that needs a lot of repairs can be too much for most traditional home buyers. However, an experienced investor actively buying properties in your area can see past the repairs needed and see its potential after it's fixed up.

 

Pros:

  • You can expect to get a firm cash offer in 24 to 48 hours.
  • They will pay as much as 80% of the current market value.
  • Cash homebuyers have more creative solutions that allow them to buy at full price.
  • They will usually pay all of your closing costs.
  • No home inspection, appraisals, or buying contingencies.
  • Ability to buy your property even if you're upside down on your mortgage.
  • They do not charge any fees.

 

Person handing over keys

Cons:

  • Low-ball offer price
  • Charge you a fee to buy your house
  • Cash homebuyers have more creative solutions that allow them to buy at full price.
  • Asking you to pay for repairs
  • Require you to pay a realtors commission

Most cash home buyers are real estate investors looking to renovate and resell the property for a profit. Or buy the property, fix it up, and rent it to tenants.

 

How does selling to a cash homebuyer actually work?

You can quickly find a reputable cash home buying company in your area by doing a Google search. Start off by searching for something like; we buy houses company near me. Next, you'll need to either submit your property information online or give them a call on the phone.

Once you have submitted some basic property information online or by phone, the process usually goes something like this:

  • You'll receive a phone call at the number provided. They then confirm your property information submitted and answer any questions or concerns that you have. Next, they present you with a no obligation firm cash offer. You decide if you want to accept the offer or not.
  • If you accept the offer, they will schedule an appointment to meet you at the property to do a quick walkthrough and take pictures.
  • You review and sign the contract to buy your house at the property or online via DocuSign.
  • Open escrow with a reputable real estate attorney or title company. Once, the title search comes back clean...usually takes 48 hours to process.
  • Close on the date that works for your timeline. Closing takes place at a reputable attorney's office or title company or at your home with a mobile notary.
  • Your proceeds are typically wire transfer to your account within 2 business days. Or on some occasions it's available on the same day.

 

What to look for in a cash home buyer

It goes without saying that you should research multiple cash homebuyers near you before submitting your property information. Consider using platforms like: Google Business Profile, Trust Pilot, Facebook Reviews, and Better Business Bureau to help with your research. You should find recent seller reviews and what their home buying process was like for these homeowners.

Also look out for things like:

  • Company has been in business for less than a year.
  • Can not provide proof of funds.
  • Low or no earnest money deposit.
  • Has no seller reviews.
  • Require a home inspection or appraisal

 

Remember, if you need to sell your home for cash fast, you have options.

There are faster ways than listing with a realtor if you want to sell a house fast. The best option will depend on your current situation. If your property needs a lot of repairs to sell it quickly on the open market, selling it as is to a Colorado cash homebuyer might be your best option.

 

FAQ's on How To Sell Your House Fast Without Losing Money:

  1. How soon can I sell my house without losing money?
    You can sell your property as soon as you are ready. It's really up to you.
  2. How do you sell your house without losing money?
    Your options are to either listing with an experienced Realtor or to a direct home buying company in your area.
  3. What is the secret to a fast sale of a property?
    The secret to a fast home sale is selling to an iBuyer or We Buy Houses company.
  4. What is the most profitable way to sell my house?
    The most profitable way to sell your house would be to hire an agent and list on the MLS.

If you've got a property that you need to sell quickly or just want to avoid months of uncertainty. You can start the process by searching on Google for something like "selling my house fast in Denver" to find cash buyers. Remember, they have the ability to buy your house in its as-is condition.

 

At the end of the day these are local companies buying properties from sellers like yourself that need to sell quickly without losing money.