Lockhart Real Estate TeamLockhart Real Estate Team

    Creating Family Legacies through Home and Texas Land Ownership

    to
    • Menu
    • Home
    • Search Properties
      • Featured Listings
      • Land for Sale
      • Search by Map
    • Buy
    • Sell
    • Farm & Ranch
    • Communities
    • Invest
    • About
      • Meet our Team
      • Client Reviews
      • Privacy Policy
    • Contact
    • FAQ

    How to Sell Your House Fast for Cash

    How to Sell Your House Fast for Cash

    When you are looking for a quick sale of your real estate, selling for cash is appealing. There are many advantages to receiving a cash offer.

    Hand holding moneyFirst, since there is no lender involved, the transaction can close quickly. The lending process today with all the federal regulations with which banks must comply is the long pole in the tent for most sales. The lending process itself can take 30 days, sometimes even 45 days to complete depending on the type of loan and borrower qualifications. Selling to a cash buyer eliminates this entire headache. The only thing that really must be done is the title search by the title company who will close the transaction and issue the title policy. This title search can be completed within one to two weeks.

    Cash sales are prevalent in every market, however more common in down markets than they are when conditions improve. In June 2016 cash sales of homes dropped below 30% to 29.3% according to Core Logic who tracks real estate statistics. Cash transactions peaked in 2011 when they reached 46.7%. Historically, cash sales have averaged around 25% of all home sales across the nation

    A second advantage of dealing with a cash buyer for your home is cash buyers are often easier to deal with when it comes to inspections. Some will most likely be willing to take a home as-is or with minimal repairs. Cash buyers who work with Wichita Falls REALTORS® might be investors looking for investment property or empty nesters who sold a larger home looking to downsize. Since there is not a lender involved, many of the time consuming tasks that hinder other homes from closing are eliminated.

    Ben Franklin HouseWhy would you not want to work with cash buyers? Well, just based on the percentages, not willing to work with buyers who obtain bank financing, then 70% of the buyer pool will be eliminated. Another reason why a cash offer might not be as good for you is cash buyers are typically smart and know that there is a great deal of value in the fact they have cash and can close quickly. If those things are important to you the seller, the buyers might ask for a discount on the sales price because of the value they are brining with the cash offer.

    If an investor is buying a house for investment purposes, then they have other costs they are calculating into the offer. If they are buying the home and planning on doing some updating or renovations, then they will have holding costs to pay for interest, taxes and insurance while the work is being completed, plus the cost of the work itself. There is also the risk they are assuming that they may not get it filled as quickly as estimated which could result in additional holding costs.

    Therefore, while it might be appealing to work with cash buyers, if you needs are the highest price and closing within a couple weeks is not as important to you, then considering working with buyers who have a pre-approval from a reputable lender might get you more of what you want.

    The market is constantly changing.  Each home that sells in your neighborhood changes the value of your home.   Call 940-228-1730 or use our Instant Home Valuation Calculator.  This tool allows you to obtain an on-line home value in only 15 seconds.

    Check out our Comprehensive Guide discussing other aspects to selling a home in Wichita Falls.

    
    
    • About the Author
    • Latest Posts

    About Tim Lockhart

    Lead Agent and owner of the Lockhart Real Estate Team – Keller Williams Realty, Tim Lockhart, a 6th generation Texan, grew up in Arlington TX, and after having served 20 years as an Air Force Civil Engineering officer he retired in 2013. The experience, work ethic and leadership gained in the Air Force propelled him in only 4 years to build a real estate business ranking in the top 5% of agents worldwide, while outperforming the market by 28%, selling his seller’s homes 27% faster. Tim is a Certified Military Relocation Specialist providing the highest level of service to his clients.
    • Wichita Falls Market Report – June 2018 - July 25, 2018
    • Wichita Falls Real Estate Market Report – May 2018 - June 28, 2018
    • Wichita Falls Real Estate Market Report Archive - June 5, 2018
    • Wichita Falls Real Estate Market Report – April 2018 - May 24, 2018
    • Tarrant County Real Estate Market Report – April 2018 - May 24, 2018
    • Arlington TX Real Estate Market Report – April 2018 - May 24, 2018
    • Tarrant County Real Estate Market Report – March 2018 - April 19, 2018
    • Dallas County Real Estate Market Report – March 2018 - April 19, 2018
    • Wichita Falls Real Estate Market Report – March 2018 - April 18, 2018
    • Arlington TX Real Estate Market Report – March 2018 - April 18, 2018

    Posted in: Selling a Home Tagged: Selling a Home

    Post navigation

    « Should Home Sellers get a Pre-Listing Home Inspection?
    Wichita Falls Real Estate Market Report – August 2017 »
    Search for:

    Recent Posts

    • Wichita Falls Market Report – June 2018
    • Wichita Falls Real Estate Market Report – May 2018
    • Wichita Falls Real Estate Market Report Archive
    • Wichita Falls Real Estate Market Report – April 2018
    • Tarrant County Real Estate Market Report – April 2018

    Recent Comments

      Archives

      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
      • November 2017
      • October 2017
      • September 2017
      • August 2017
      • July 2017
      • June 2017
      • May 2017
      • April 2017
      • March 2017
      • February 2017
      • January 2017

      Categories

      • Arlington TX Real Estate Market Report
      • Buying a Home
      • Dallas County Real Estate Market Report
      • FAQ
      • Living in North Texas
      • Lockhart Real Estate Team Listings
      • Press Releases
      • Real Estate Market Report
      • Selling a Home
      • Tarrant County Real Estate Market Report
      • Things to Do in Arlington TX
      • Uncategorized
      • Wichita Falls Real Estate Market Report

      Meta

      • Log in
      • Entries feed
      • Comments feed
      • WordPress.org

      Log In Here

      Follow Us

      Facebooktwitterlinkedinyoutube

      Search Properties

      • Featured Listings
      • Wichita County
      • Wichita Falls
      • Burkburnett
      • Iowa Park
      • Farm & Ranch
      • North Texas Land for Sale
       
      Search for:

      Search Your Way!

      Google Analytics Alternative
      Lockhart Real Estate Team
      Tim Lockhart
      940-228-1730
      Email Me
      Privacy Policy
      © 2023 Lockhart Real Estate Team

       

      Texas law requires all license holders to provide the Information About Brokerage Services form to prospective clients.

      Broker: Keller Williams Arlington

      1301 S. Bowen Rd. #125 Arlington TX 76013

      817-795-2500