If you’re looking to sell your Orlando home quickly, going the traditional route with a real estate agency might not be your best bet. Selling for cash may be a better fit if your situation merits it. Below are a few reasons you may want to forego hiring an agent and instead go directly to a cash home buyer.
1. You Owe More Than Your House Is Worth
In this tough economic climate, many homeowners have had to take steps to refinance their homes. If you find yourself in a situation where you now owe more on your house than it’s actually worth, it might be time to cut bait.
If you’re looking down the barrel of years of mortgage or loan repayments, it may be a smarter move to unload your home quickly for cash and get out from under that debt cloud. This is especially true if your home has some structural or cosmetic issues that may prevent it from selling easily on the traditional market.
2. You Lost Your Job
Losing your job is always upsetting. The uncertainty of how long you may be out of work only compounds the stress you’re already feeling about handling your financial responsibilities. If you don’t have much in savings, selling your assets may be the only way to help float yourself until you can find employment again.
When you find yourself in this kind of situation, time is of the essence. Waiting around for months to stage, photograph, list, and show your home with an agent may not be feasible or smart. A direct cash sale can guarantee that you walk away with a fair price for your home in a timely fashion, giving you a financial cushion until you can find work.
3. You Want to Avoid Foreclosure
If you’re looking at your finances and realizing you consistently have more bills than money to pay them with, the rubber will eventually meet the road. It may be time to take action, before you get yourself into a situation where the bank is coming after you and threatening to take your home.
Foreclosure is a long, messy process. It can have severely damaging effects on your credit that can haunt you for the rest of your life. If foreclosure seems inevitable, selling your home quickly may be the easiest way to relieve that burden before it comes knocking at your door.
4. Realtor Commissions Are Too High
Maybe you’re not necessarily in a desperate spot financially or on a severe time constraint. But if you’re looking to maximize your profits from the sale of your home, the cost of realtor commissions can be a hard pill to swallow.
In addition to the costs of things like listing and closing—not to mention repairing and updating your home for optimal sellability—you’re going to be handing a chunk of your money to that real estate agent once the sale is made. If you’d prefer to avoid losing a substantial percentage of the profits from your home’s sale, selling to a direct buyer for cash might be just what you want.
There are a number of reasons why going with a traditional real estate agent might not be the ideal answer to selling your house fast in Orlando. If you need to bypass a potentially expensive and lengthy process, we buy homes in Orlando and surrounding areas. If you’re ready to sell your house for cash now, call our team today, and we’ll get you a cash offer over the phone in minutes.