It happens for all kinds of reasons: divorce, job layoff or relocation, or mortgage payments just becoming too much to handle. Or maybe you inherited a mobile home but live out of state or perhaps across the country. Whatever the reason, you are now in the position of needing to sell your house fast for cash in Lincoln.
You need, then, to market your house to people for whom buying a house with cash is the actual goal (not just tire kickers), get them in the door, and then close the deal. It’s actually a lot more simple and easy than you may think. Understanding the process and knowing how to get your house ready for sale may help.
How To Sell Your House Fast For Cash in Lincoln
Title/Deed
Generally, after locating a solid possibility, people buying a house for cash will want to make sure some kind of purchase-and-sale agreement has been drawn up. Next, they are likely to conduct a title search to make sure the title is clear, with no liens or other encumbrances. As the seller, you should be upfront and honest about your title situation. And then they will want to know what kind of deed you are offering, for example, quit claim, warranty, or special warranty.
Offer
If all these things are in order, the cash buyer will make an offer. A buyer offering cash will feel she has more bargaining power because the sale doesn’t depend on a third-party loan and the inevitable wait. You can always make a counteroffer if the first offer doesn’t suit you. Remember though, that the goal is to sell your mobile home fast for cash and move on with your life. So consider a slightly lower offer than your ideal.
Inspection/Appraisal
If an offer is accepted, the person buying a house from you will then want an inspection and possibly an appraisal done to make sure there are no huge problems and that she is getting her money’s worth. Again, you want to be as upfront as possible about potential problems and issues that may happen in a few months’ time. A buyer will be very upset and might consider legal action if you hide a big enough problem.
Close
Since this is a cash deal, you and the buyer can set the closing date for a time convenient for both of you, usually much sooner with a cash deal. You simply show up at a notary’s office with pen and cashier’s check in hand. In general, quite simple and straightforward isn’t it?
Here are some steps you need take before attempting to sell your house for cash.
Price
Pricing your house right is probably the best step you can take toward making a fast sale for cash because it’s what gets people to consider your house in the first place. If your price too low, buyers will think something is wrong with the house, and a too-high price may make it sit unsold for a long period with the same result. If it sits on the market too long, buyers will feel very empowered to demand a much lower price. It pays, then, to check out comparable house values in the area and price accordingly.
Curb Appeal
This is what creates that critical first impression and gets them to stop and come in the door. First impressions are crucial, especially because you want to sell your mobile home fast for cash. So sprucing up the yard and the house’s exterior are definitely worth the time and expense involved. And it doesn’t take a lot of effort or money, really – maybe just some lawn clean-up and minor landscaping, a little roof repair, touching up paint, fixing the skirting and dressing windows.
Since you need to sell fast, you probably want to sell your house as is, especially on the inside. That’s fine, but you should do a deep clean and maybe staging to make your mobile home more attractive to potential buyers. And these buyers need to be able to visualize themselves living there, so it’s a good idea to remove personal items and pictures like we talked about in previous blog posts.
Deal Sweeteners
It always pays to sweeten the deal to make it more attractive for buyers. The tried-and-true principle of reciprocity tells us that people are willing to give more (sale price) if they feel they are getting something in return (the deal sweeteners). For example, you could offer to pay some or all of the closing costs, or you could offer to provide a transferable home warranty, which would cover, say, major appliances and/or the HVAC systems.
If you need to sell your house fast and are looking for someone buying your house, these tips and steps will help you close a cash deal. But there’s even more you can do to get a better cash offer and expedite the sale.