I Need To Sell My House Fast Louisville KY, What Are My Options?
Going through the process of selling a house is by far one of the most stressful times anyone can experience in their lives. There are very few moments that can compare to the amounts of hair-loss and sleepless nights that can occur due to selling a house.
Now add the fact that you must sell your house fast due to a new job, family emergency, financial hardship or an unexpected curve-ball life throws at you!
The. Pressure. Is. On.
What ever you do, do not make a rushed decision due to lack of insight. You will end up beating yourself up over the rash decisions later on. If you are thinking “I need to sell my house fast Louisville, KY,” you are going to need to know all of the options available to you. That way you can make an educated decision that is in alignment with your situation and goals.
Here you will be guided through all the option you have based off the most common situations people go through in times like these. At Kyle Buy Houses, our goal is for you to have confidence in your decision making when you go to sell your house fast. You have a few options and we’re going to cover a lot of ground, including the ins and outs of how to:
Why Should I Hire A Real Estate Agent?
Almost 90% of the market in the United States sells their house with a realtor and for good reasons. Most of the time sellers don’t want to have to deal with all the legal paperwork, keeping up with multiple buyer conversations, handle all the showings and so on. The right real estate agent will make selling your home fast efficient and effortless for you.
But to be frank, you hire a real estate agent to get the maximum amount of money that your house can get on the market.
Agents have access to the Multiple Listing Service (MLS), which has the nations largest real estate buyer’s audience. Being able to put your listing where the most buyers are making them compete against each other, resulting in a bigger pocket for you.
Be warned though, we only recommend you go this route if your house is completely updated to market standards or just need minor repairs that won’t break your bank account. Listing your house on the MLS when it needs a significant amount of repairs leaves you out in the ocean waiting for the sharks, plus no average buyer will buy it because the banks wont allow the transaction to go through without those repairs done first.
Another thing to remember is that selling with a real estate agent is dependent on many different variables in the market, such as how many homes are currently for sale in your area, the health of the general economy, and whether buyers find mortgage interest rates to be favorable.
How to find an agent that is experienced in selling houses fast?
If you are reading this article, you are on a tight deadline and don’t have time to wait for the market to find your potential buyers. You need action and it needs to happen now!
It’s understandable to wonder if a real estate agent can even sell your house fast, and quite frankly most can’t. You will need to partner up with an agent who has a track record of selling homes just like yours quickly in your area.
The tricky part is finding them.
At Kyle Buy Houses, we have compiled a team of veterans in the real estate field, including a Rockstar agent that has a ridiculously short sales cycle. If you are in Kentucky or Indiana just contact us and we will connect you to our Rockstar agent.
The easiest ways to find the top dog agents is to start calling all of the big realty companies in your area and ask to speak to the broker directly. Tell them about your situation and how soon you need the house sold, if they think its possible, they will set you up with their vetted agent for you to work with.
How to sell your house for cash Louisville KY
Boom! You just received a huge promotion that you’ve been fighting to get for months, only problem is the new job is all the way across the country and you are stuck with your current house and mortgage. You’ve already gotten rid of the idea renting out your house. Besides, taking on the responsibility of being a landlord while being a few thousand miles away from your property isn’t easy at all.
You would rather not mess with all the tasks like cleaning and repairing the house, having to go through countless showings, and over all just need to sell your house fast. Most sellers demand the highest dollar amount for their house going the traditional route, but with having an all of sudden change happen, getting an all cash offer on your house as-is can set the right course of your new life.
As Kyle always says: “Selling your house to a cash buyer is always the best option for those who don’t have time and really need to money.”
Keep in mind that all investors will provide a different cash offer, not all are the same. At Kyle Buy Houses we take care of every part of the purchasing process, virtually leaving you with nothing to do but sign the purchase agreement and closing documents. Here is a list of benefits to working with us:
To get a cash offer on your house, we only need a very little bit of information and can present you with a written cash offer on your house as is. Typically, we buy houses fast Louisville KY and surrounding areas within days of signing the purchase agreement. If you want an all cash offer just fill out the form below and we’ll reach out to you within 24 hours to get to know each other better.
Can I sell my house fast the FBSO way?
For Sale By Owner (FSBO) is the best way to get the maximum mount of money for the sale of your house simply by avoiding the hefty real estate commissions cost (up to 6% of the total sale). If your house is worth $200,000 you would end up paying $12,000 out of what you get to keep from the sale. That’s a lot of money! Plus if you are in a seller’s market, finding a buyer wouldn’t be hard at all since there is not much houses in your area for sale.
Although you can save a great deal of money by going the FSBO route, it’s definitely not the most popular method of selling, like the other two options above FSBO has some good sides and some bad sides. The biggest upside to selling your house for sale by owner in Louisville KY, by far, is taking home the most money the market can provide you.
Selling the FSBO way in Louisville KY means you would avoid any real estate agent fees and brokerage costs and having to deal with having a three-way conversation with the end buyer. This really helps if your agent isn’t much of a salesperson and is just there to collect a commission.
While avoiding the fees of a realtor can be game changing for a lot of people, you must understand what it is going to take to sell your house quickly in Louisville KY.
Your realtor is basically your advertiser and salesperson at the same time. They list your house on the MLS and, if they are experienced, multiple other methods of advertising to draw in potential buyers. All the while constantly responding to interested parties as they request more information.
You are going to have to learn how and where to list your house for sale without an agent as well as be the salesperson that finds and closes your buyer.
The upside to being your own salesperson is being able to throw out benefits of the property that most real estate agents in Louisville KY wouldn’t notice. What ever you do, don’t over sell. Just point out the most attractive features and let their imagination sell themselves.
If you are familiar with advertising and listing your property on social media sites and other “for sale by owner” type websites, you should be able to find a buyer for the market asking price. If you aren’t very comfortable with computers or aren’t very sociable and shy, this method is going to cause you frustration. Especially if you need to sell my house fast Louisville KY.
If the FSBO way is for you, you’ll need to start educating yourself on all the closing documents that you and the buyer will need to complete for the sale to go through. You will also have to have an attorney or title company help complete the transaction.
When it comes to dealing with banks in selling your house, it is best to have an expert keep track of all the minute details of the transaction otherwise you can’t count on the transaction actually closing.
Selling your house fast in only one benefit of selling my house for cash Louisville KY.
It is pretty easy to understand the benefits of accepting a cash offer on a house. It’s also easy to understand why a home owner would prefer a cash deal: It’s faster, effortless, and you run into a lot less obstacles throughout the process.
Want to know why a buyer prefers to pay cash for a house?
Most of the time, a cash offer is the strongest offer you can get, especially in a seller’s market (a market with a small number of homes for sale.) Buyers who pay in cash have an advantage over buyers who have to use financing.
One main benefit that a cash buyer has is most lenders prefer them. For example, if a lender just filed for foreclosure on a house or property, most times the only offers they will take are cash offers to mitigate their loss in the loan.
Options, Options, Options…
House buyers who pay cash have access to all types of homes for sale. Home buyers that end up using FHA & USDA loans in order to buy a house are only aloud to buy a house at market ready condition. Meaning, the house has to be repaired and able to last another 30 years. Cash buyers can go outside that boundary and purchase a property for cash today in Louisville KY as it is. No repairs needed.
Cash Sales Save You Money
A traditional home sale involves thousands of dollars in closing costs to include: Appraisal fees, processing fees, document fees, loan origination fees and credit checks. It benefits both ends of the sale if the buyers pays cash, you’ll just save money.
Faster, Easier and Less Stressful
Last but not least, a cash sale closes quickly and is more streamlined. There is no having to wait on the banks to approve the loan, which takes weeks. Credit checks go out the door and you don’t have to wait around biting your finger nails for the appraisal to come back. With a cash deal, you save yourself on the stress load that comes with traditional home sales.
What are the benefits of accepting a cash offer?
Here’s a few ways cash home sale are different from traditional home sales:
Why is a cash offer better?
There are many reasons home sellers love cash offers but the main reason, for most, is it’s just a quicker process that contains fewer uncertainties. Many home sellers are more willing to accept a lower cash offer than have to deal with an FHA loan buyer. Mainly because you get to see a proof of funds on our offer and it takes less time to close.
The conventional route involves bank requirements which include inspections and appraisals before the closing process. If the appraisal value is lower than the loan amount, the lender can cancel the loan. The only two things that might save that sale is if the seller agrees to a lower purchase price or the buyer is willing to fork out more on their down payment. If you can avoid an appraisal, do it.
Rather than pull your hair out from stress, you can do what a lot of homeowners do and accept a cash offer on your house. All cash offers removes all uncertainty of the appraisal process.
The other big caveat is having to trust that the loan buyer’s qualification may not hold up under the bank’s microscope. Problem’s with financing happen all the time, it is one of the biggest reasons selling your house fast falls through. Financing problems can stem from something as simple as buyer getting a new job within the past couple of years.
Our 3 Step Home Buying Process:
Here at Kyle Buy Houses, we will always give you a fair market price for the house you inherited in Louisville and help you get as much value as possible. Often times we buy houses in Louisville, renovate and fix them up so we can either rent them out or sell them to someone else looking for a great deal.
If your local Louisville house meets a few simple qualifications, we can buy your house fast.
You can fill out the form or pick up the phone and give us a call anytime at 502-200-9903