5 Tips for Getting the Most Money When Selling Your Home for Cash

The first step to getting top dollar for your home is improving its curb appeal. Buyers often judge your home before they ever walk through it, so make your house feel inviting and safe. There are some inexpensive ways to add appeal to your home and get a 100 percent return on your investment. Entryways are an important space in your home, so make it look inviting with a bench, fresh-cut flowers, and even cookies.

iBuyer

iBuyer offers you a fast and convenient way to sell your home for cash, usually in less than a week. You won’t have to worry about negotiating with a buyer or doing any repairs. You’ll also be free to spend the time on other things, like staging or decorating. The iBuyer service fee is comparable to real estate agents’ commission rates, so you can expect to save a lot of time.

UpNest

One of the top reasons to sell your home for cash is the guaranteed $150 rebate. To qualify for the rebate, you need to be pre-approved by a reputable lender, narrow down your search, and identify the property you want to put an offer on. Fortunately, UpNest offers a free home value tool and home staging service to make your listing more appealing to buyers.

Reverse engineering buyers

There are two common mistakes new investors make when selling their home for cash: they focus on the end result and overlook the process. When looking for a buyer, it is best to start by working backwards from the end result. Having an end goal in mind is important, but the process of finding that goal can be overwhelming. By reverse engineering, you can set realistic goals and start making progress towards them.

Setting the right price

The selling price of your home can be the deciding factor between a quick sale and a long-term holding cost. The ideal price is something that’s somewhere between attractive to a buyer and affordable for the seller. While setting the price is crucial, it’s also a delicate balance. A homeowner always wants to sell their home for more money, but an overpriced home will only turn off buyers.

Avoiding real estate agent’s commission

If you’re planning on selling your New York property for cash, you can save a bundle by forgoing the commission that real estate agents charge. Not only are these fees expensive, but they make the process of closing the deal more difficult. A real estate agent’s job is to analyze comparable sales and determine a fair market value for your home. But this can be expensive, too.

Taking advantage of all-cash offers

Getting an all-cash offer to sell your home is a good option for many reasons. Firstly, it is faster and less stressful than dealing with a mortgage. According to the National Association of Realtors, approximately 12% of buyers bought homes in 2019 with cash. When you receive an all-cash offer, you can withdraw funds from your bank account. For most people, this means a checking account, savings account, or money market account.

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