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Look out for these 3 'offer fast' options Certain routes to selling your house might sound like a faster way but aren't what they appear. Here are a couple of alternatives to prevent: Short sales The main point you need to know about short sales is that the "short" describes cash, not time.

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As a general rule, short sales take a lot longer to complete than a regular sale. Short sale agent Brad Wallace, who does business in the Philadelphia area, states: "They call it a brief sale, however it's the furthest thing from a brief sale. The quickest brief sale I had was most likely about 4 months, and I've had short sales that lasted over 2 years." Not just will a short sale take a lot longer to finish, many sellers aren't even eligible to brief offer their homes.

So if you want to sell your house quick, a short sale is absolutely not the way to go. Auctions If you think auctions are just an alternative for desperate sellers and banks discharging foreclosure houses, you're misinterpreted. Any property owner can offer their house at an auction. However, there are  Home Buyers Elite -offs.

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According to Forbes, auctioned homes take an average of 45 to 60 days from listing to close. Costing auction is risky, too, because you have actually restricted control over the final list prices. As the seller, you set the minimum bid you'll accept, typically at 10%-15% below current market price (auction experts recommend this to create more interest amongst buyers), however after that, it's up to you to accept the last bid.

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Not all homes are preferably positioned for auctions either. NAR recommends that sellers self-test the marketplace, their home and their financial scenario with the Two-Thirds Rule to figure out if an auction is the right choice. One of the major factors is that your home needs to be bring a lot of equity approximately 25% to see any money from an auction sale.

According to NAR's 2020 Profile of Homebuyers and Sellers, a mere 8% of recent sellers went the FSBO route. It tends to be a choice individuals choose when they currently have a purchaser lined up. Of those who did go it alone, 51% currently understood the purchaser of their home prior to the transaction, and 30% offered their house to a buddy, relative, or next-door neighbor.