When Is the Best Time to Get Cash for My House?
The best time to get cash for your house is when you need to sell your house fast and don’t want to do a traditional home sale. A cash home sale allows you to sell your house as-is for cash without making repairs. You don’t have to hire a real estate agent or list your house on the market.
You can sell your house for any reason - bankruptcy, foreclosure, probate, downsizing, divorce, new job, relocation, rental house, or damaged house. So, if you need to sell your house right away and can’t wait to find a buyer, it is the best time to get cash for your house. Below, we look at situations in which a cash home sale is your option for selling your house.
Foreclosure or Distressed House
A distressed house is a property in the late stages of foreclosure. The bank is ready to foreclose on your house and sell it at auction. If you can’t make up your mortgage payments or you want to sell your house, a cash home sale may be the solution you’re looking for. You can sell your house fast and stop the foreclosure process. A cash home sale typically takes one to two weeks.
Bankruptcy
You won’t necessarily lose your home in bankruptcy. However, you’ll still have to keep up with a monthly mortgage payment, which you can’t afford. A cash home sale allows you to get out of your mortgage, possibly pay off other debts, and stop the bankruptcy process. You can keep your credit intact and buy another home down the road when your financial situation improves.
Damaged House
A damaged house can be hard to sell in the real estate market. Many buyers today don’t wait to invest time and money in a fixer-upper. Plus, there are too many competing homes that are move-ready. However, a local home buyer can buy your house without strings attached. You make no home repairs and incur zero selling costs. It doesn’t matter how damaged your house is.
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Relocation
If you recently got a new job or have to move for other reasons, you must sell your house as soon as possible. You can’t afford to pay two mortgages on two different houses. A cash home sale allows you to sell your house in as little as one to two weeks to move into a new home or start your job. A cash sale is simpler than a traditional sale, eliminating all the complicated steps in selling your house.
Downsizing
People downsize for different reasons. You may not be able to afford your current home. Or maybe you want to simplify your lifestyle. Regardless of your reason, downsizing is much easier with a cash home sale. You don’t have to wait several months to repair your home, list the house, find a buyer, and close. You can now sell your house to a company that buys houses in Washington.
Rental House
Whether you are a tired landlord or don’t want to deal with your current tenants anymore, selling a rental house is as easy as selling a regular home when you do a cash home sale. A buyer can make a cash offer on your rental house and buy it as-is for cash. The buyer may even assume responsibility for any tenants in the house. You can walk away from your rental house and move on.
Probate (Inherited Houses)
Probate can be stressful if a loved one leaves any remaining debt or taxes behind. One of the best ways to pay off remaining debts is to sell your inherited house for cash. Selling your house puts cash in your hand in as little as seven to 21 days. You can pay the debt, distribute the remaining amount to the beneficiaries, and close the probate case. Plus, you incur no selling costs when selling your house.
Get Cash for My House in Washington
Yes, you can get cash for your house instead of selling it the traditional way. Tacoma Cash Offer can buy your house as-is for cash today. Let us assess your property’s market value and make a cash home offer on your house. Call 253-300-2897 to get a fast cash offer today.