There are many real estate truths and myths that are floating around the internet, and people tend to believe what they read. To avoid being misled by the 5 common myths about selling a house quick for cash, there is guidance one needs to follow. With a lot of misinformation swirling around, some owners of the house tend to steer clear of cash buyers. Here in this blog, we’ll let you know about the five common myths about selling a house quick for cash:
The price of the Property
This is the most common myth, that the price of the property is decided by the seller. Contrary to this myth, the actual price will be subject to market conditions, location, and size of the property. A property owner falls last in line when deciding the final sales price of the property. After negotiation with the real estate agents, and after the contract is ratified, the appraiser gets their shot and that’s how the sales price of the property is decided.
Better offers come when the marketing time is longer
But the reality is that the longer a particular property sits on the market the lower offers will likely come in. Interested buyers will be asking undesirable questions rather, such as, ‘what is wrong with the property and why has it not sold yet’.
Quick offers mean that Property’s price is too low
There can be many reasons for offering a low price on the property. Hot buyers and their respective real estate agents have been scanning the properties from the past. With a perfect marketing plan set by the real estate agent, the right-priced home will immediately draw the attention of the prospective buyer. It also depends upon the market inventory available.
Unethical Real Estate Agent
When you are selling a house quick for cash in a conventional manner then the house can stay for quite some time.
Real Estate Agents have Contingencies
If anyone has sold a house quick for cash through a real estate agent. Then, they know the pain of experiencing a buyer backing out of the deal on a whim. A person buying a house for cash, will not have any contingencies because they buy the property on an “As-Is” basis. You get a fair cash offer depending upon a property’s value. You don’t need to worry about appraisals, inspection, and staging.
The Bottom Line
A property can be stuck on the markets for months if you follow the traditional method. The owners of the house are slowly embracing the benefits of selling a house quick for cash. Don’t allow these 5 common myths about selling a house quick for cash prevent you from closing a good deal. Instead, deal with buyers who extend fair offers.