How Do I Actually Sell My House Fast For Cash?

In some cases, you may want to sell your house fast for cash. You may be moving for work, you may have just gotten divorced, or you just want the extra money fast. If you find yourself in this spot, the National Association of Realtors says the time-on-market you’ll need to wait to sell your residential property in 2020 is 60 days1

That may sound like good news, but the reality is that most houses sit on the market for between 3 and 12 months before finding a buyer. If you want to sell your house fast for cash, you need to have the right strategy in place. 

In this article, we share the top three strategies to sell your house fast for cash. 

Fast Facts

Strategy 1: Sell your house using a local real estate agent or broker

Use this strategy if you want the best price for your property and want someone else to handle the entire selling process.

Strategy 2: Sell your house yourself

Use this strategy if you want to avoid paying commissions and fees, have the time to do all the legwork, and are in no rush to sell (12+ month wait period).

Strategy 3: Sell your house to a real estate investor or wholesaler

Use this strategy if you want to sell fast, do not mind selling your house at below-market rates, and want to avoid extensive repairs and maintenance costs. 

Sell Your House Using a Local Real Estate Agent or Broker

If you pick this option, you join 92% of home sellers in the United States2 who sell their houses using a real estate agent or broker. This is the best strategy for you if you want the best price for your home, you want someone to handle everything for you, and you don’t mind waiting six months or more to get a buyer. 

Process

  1. Find a local real estate agent or broker.
  2. Sign a listing contract with them, giving them exclusive rights to sell your house. 
  3. Your agent will market your property, including MLS listing, open houses, and house showings. 
  4. When they find a buyer, they handle all the negotiations and paperwork and take a commission when the sale closes.

Costs

According to Redfin3, agent costs are from 5% to 6% of the sale price. This commission is split between your agent and the buyer’s agent, with each getting from 2.5% to 3%. You also must foot closing costs plus any costs for upgrades and maintenance of the property. 

How fast can I sell?

Most agents can sell your house in 3 to 12 months, depending on market dynamics and your location. The median time-on-market is three months. 

Can I get paid in cash?

Yes, you can get paid in cash, but you must instruct your agent or broker to look for cash buyers. They can do this by looking for previous cash buyers in your area or requesting potential buyers to consider paying cash. 

Advantages

  • Local real estate agents know their market well, helping you get the best price. 
  • They also handle everything, from marketing to show houses to home staging.

Disadvantages

  • You have to part with up to 6% of your house value. 
  • You are at the mercy of the marketing prowess of the agent you choose, for better or for worse. 
  • Local agents primarily work with retail buyers, who are often non-cash buyers. 

Sell Your House Yourself

Most home sellers do not use this approach, but that does not mean you can’t. If you want to avoid paying commissions and fees, and you feel you are up to the task, this strategy is for you. If you pick this option, however, you must be ready to wait over 12 months before finding a buyer. 

Process

  1. Appraise the house yourself or hire an appraiser to tell you how much the house is worth. 
  2. Create a “For Sale By Owner” listing on websites like Zillow and Trulia with high-quality pictures and walkthrough videos. 
  3. Handle all offers, negotiations, and contractual requirements for the sale.

Costs

Selling your house by yourself is relatively cheap. The only real costs are upgrades and maintenance, listing fees, and closing costs. You can also optionally pay a 3% buyer agent fee to attract more buyer agents. 

How fast can I sell?

It depends on how motivated you are, how much time you have, and your ability to market. Generally, FSBO houses stay longer on the market than agent-sold properties because agents typically have more experience selling homes. 

Can I get paid in cash?

Yes, you can, but you may find it hard to find a cash buyer as an FSBO seller. Most cash buyers tend to want to work with experienced agents or brokers. You can work around this by marketing your property to your neighbors. 

Advantages

  • You do not have to pay a single penny in commissions. 
  • You get to choose how, where, when, and to whom you sell your house. 
  • You retain full control over the price of your house.  

Disadvantages

  • Much work goes into selling a house, so if you are not up to the task, you may soon find yourself in over your head. 
  • It might take you over 12 months to sell.

Sell Your House to a Real Estate Investor or Wholesaler

Selling your home to a real estate investor or wholesaler can get you a sale within thirty days. Such buyers come in below-market rates, but they always have ready cash in case you want to sell your house fast for cash. 

Process

  1. Undertake basic renovation works to get the house sale-ready.
  2. Get in touch with a local investor or wholesaler. 
  3. They will value your house and give you a price offer that meets their investment criteria. 
  4. If you like the offer, they will handle all the paperwork and pay you cash. 

Costs

There are no direct costs associated with selling your house this way. However, the hit you take in terms of the price you sell your home might be quite high. 

How fast can I sell?

If you accept the offer immediately, the sale can conclude in as little seven days.  

Can I get paid in cash?

Yes. Almost all real estate investors pay in cash. 

Advantages

  • You can sell your house in as little as seven days. 
  • There are no fees to pay as the investor covers all the closing costs. 
  • You get to sell your house as-is or with minimal renovations. 

Disadvantages

  • If you choose to sell, you will have to find a wholesaler who will do their best to guarantee you a fair market rate like NeedHelpSellingHome.com

In Summary

As you can see, each strategy has its pros and cons. However, since you want to sell your house fast for cash, your best options are in this order: 

  1. Sell your house to an investor. 
  2. Sell your house through an agent. 
  3. Sell your house yourself. 

While getting a cash sale is desirable, keep in mind that there are other factors to consider before settling on a strategy. For example, you need to work with the right investor who will do their best to give you a fair market rate. Making the right choice will help you get value for your house. 

Similarly, if you sell your house through an agent, you will need to find an agent with experience and who can sell your house fast for cash. 

The best way to sell your house fast for cash is to weigh each option carefully and then pick the strategy that best aligns with your overall objectives. 


1. https://www.realtor.com/research/

2. https://www.nar.realtor/research-and-statistics/research-reports/home-buyer-and-seller-generational-trends

3. https://www.redfin.com/guides/how-much-is-real-estate-agent-commission-buyer-seller

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