What Are My Options When Downsizing My House?
Today, more Americans are discovering the benefits of downsizing. Moving into a smaller space can help you save money, give you the freedom to pursue your interests, and help you declutter. You also have a lower mortgage, and you spend less time and energy on maintenance issues. However, selling your current house can be a hassle.
You may need to make renovation or repairs to your property and get it ready for the market. Listing the house, hiring a realtor, finding a seller, and closing the sale can take several months, delaying your downsizing plans. Instead of selling your house the traditional way, you may want to look at other alternatives. For instance, you can sell your house fast for cash to a local home buyer in the DMV area.
Three Main Options for Downsizing Your House
If you want to downsize your house fast with as little hassle as possible, you may want to look into alternatives to a traditional sale. You may be able to unload your current property quickly without incurring a lot of expenses. You can also expedite the sale so that you don't have to wait to get your downsizing plans underway. Let's compare three main ways to sell your house fast.
1. Hire a Realtor
The most common option for selling your house is to hire a realtor. A real estate agent can list your house, help you set a price, do your marketing, show the house, negotiate with potential buyers, and represent you at closing. A realtor can make your life easier by doing 80% of the work and guiding you through the selling process.
However, realtors come with a price. They make an average of six percent commission on every sale. That means you lose thousands of dollars off the top. Plus, don't look for your realtor to sell your house anytime soon. Currently, the average time it takes to downsize with a realtor is 60 to 90 days.
2. For Sale by Owner
A For Sale by Owner (FSBO) puts you in the driver's seat of selling your house. If you have a bit of market savvy and are motivated, you can list and market your house without professional help. You decide what price you want to set the house at, market it how you want, and deal with potential sellers on your terms. Plus, you avoid paying realtor commissions. If you are super motivated, you may be able to sell your house fast.
However, there are plenty of downsides to an FSBO. First, you oversee everything mentioned above. Preparing and marketing your house for a sale can be labor-intensive, costly, and time-consuming. On average, it takes six to 12 months to sell a property when doing an FSBO. If you need to sell your house fast, you may not have that kind of time. Plus, you still pay all the closing costs.
3. Sell Your House As-Is for Cash
A third option is to sell your house for cash to a local home buyer in the DMV area. A cash sale gives you the freedom to sell your house without incurring any expenses or waiting several months for the right buyer to come along. A local home buyer can look at the property, make a fast cash offer, and close the sale in as little as seven days.
You can sell your house as-is; meaning, you do not make repairs or renovations. Plus, you pay no closing costs or realtor commissions. The only downside to a cash sale is that you may not get your asking price for the property. However, you may come out about the same after paying all the necessary expenses from a traditional sale. Plus, you don't have to put in the time and effort to fix the house up.
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How to Downsize Your Home in 3 Steps
Step 1: Schedule a Visit with a Local House Buyer
The first step is to pick up the phone and call one of our local house investors in the Alexandria, Virginia, area. Simply schedule a quick walkthrough of the property. There is no need to make any renovations, prepare the house to show, or even clean up. We are happy to view the property as-is.
Step 2: Let Us Make a Fast Cash Offer
If we decide we want to move forward with buying the property, we'll make a competitive cash offer based on a percentage of the house's value. We can negotiate a fair cash offer that puts money in your pocket and allows us to make a good investment.
Step 3: We Pay You Cash
Do you like the offer? Then schedule a closing date that works for you. We show up, sign the papers, and pay all closing costs and fees. You pay nothing. We can pay cash in as little as seven days after closing.
Why Work with a Local Cash Home Buyer
You may get a call from a national cash home buyer who wants to make an offer to pay cash for your house without even looking at the property. They may try to take advantage of your current situation by locking you into a commitment.
However, these companies do not understand your circumstances or know the local real estate market. When you work with Fortune Homes, you can partner with investment professionals who are genuinely interested in helping you get out of a less-than-desirable situation.
We know the Local DMV Real Estate Market
Our investors live and do business in the DMV area. We understand the real estate market and the challenges that you face when you sell your house. You don't have to deal with the hassle of working with people you don't know or trust.
We Make a Fair Cash Offer on Your House
Not all investors are looking out for your best interest. They may make a bottom-line offer that does not help your situation at all. Let our house buyers look at your property and make a fair offer based on a healthy percentage of your house's property value.
You Don't Have to Wait to Sell Your House
We understand how frustrating it can be to list your house on the market and wait months to find a buyer. If you need to get out of your property right now and don't want to wait, let us immediately take it off your hands. We can close and put cash in your hand in as little as 30 days.
Sell Your Distressed House for Cash in DMV
Do you live in Washington, D.C., Maryland, or Virginia? If so, contact Fortune Homes today. Sell your house fast for cash in the DMV and the surrounding area. We buy houses as-is in any condition. Call 202-918-9800 to schedule a quick, no-obligation visit with one of our local cash home buyers.
Our company purchases property as-is in the following areas:
|Vienna||Washington, D.C.||Arlington County|
|Fairfax County||Loudoun County||Montgomery County|
|Prince George's County||Prince William County|