Sometimes you need to sell your house fast. But selling a house with a realtor can take weeks or months – especially if it isn’t in perfect condition. So what do you do if you can’t wait?
Here are 9 instances that when you may need to sell your house fast, and should consider selling your house for cash.
1. A New Job Far Away
You get a job or a promotion that has all the perks you’ve been looking for like a better salary and flexible working time. However, it bears a huge catch: it’s thousands of miles away.
A situation like that calls for selling your house. It just doesn’t make sense to rent it out when you’re moving far away. And if your new employer wants you to start as soon as possible, you’ll want to sell your house quickly.
2. Declining Neighborhood
Bit by bit, the unwanted changes in neighborhood reveal themselves: dysfunctional street lights and holes in the road left unfixed, unattended trash bins being feasted on by pests or even the increasing crime rate in the area.
You’ve invested a lot in your home, but you know that these kinds of changes aren’t only unsafe for you and your family; it also decreases the value of your home significantly. In this kind of situation, selling your house as soon as you are able can cut your potential losses.
3. It’s a Seller’s Market
Sometimes, the state of the market is so good that you have to have a piece of the action. When house selling in your area is scarce, it’s the perfect time to set your house’s market value at a higher price. In a seller’s market, no one can complain.
Selling a house during this time is optimal too: it’s faster, more convenient, and you’d probably buy a house in another state with excess cash to renovate your new home.
4. Poor Financial Situation
It’s not every day that we’re dealt with good hands. Sometimes, we experience unlucky streaks like getting seriously sick, getting laid-off work, and other situations that force you to sell off your home to meet your financial needs.
By selling off your home, you’ll have enough cash for hospital bills or to cushion the impact of being out of work. When you properly assess and address your present financial condition, you’ll know that selling off your home is the best decision especially if you don’t intend getting stuck in a mountain of debt.
5. Mortgage Rates are getting Higher
Expect to see mortgage rates getting higher, the fed chief said so. With this kind of outlook of the property market, it’s time to sit down and weigh your options. If you have an adjustable mortgage and you’re in over your head or your mortgage is underwater, selling your house as quickly as possible may be a good idea.
6. Health-related Concerns
Big, spacious houses are great for relatively young homeowners. However, when you’re at an age where your back hurts a lot, you get tired quickly or are prone to household accidents, it may be a wise decision to sell off your big, spacious home in exchange for a smaller one.
It’s for a good reason. Big, spacious houses are harder to clean and maintain. You have to roam around and reach for high areas before you can truly clean it, moving too much may be bad for your back or exhaust you enough to delay other important matters. When you’re in a smaller home, you can avoid potential problems like these.
Related: 50 Reasons to Sell Your Home for Cash
7. Relationship Problems
Sometimes, people are forced into selling a house due to personal issues. When couples split up, they often decide they should both move. Or one partner may no longer be able to afford the home.
Other times, people who went through a divorce or the death of a family member are keen to sell off the house to get away from bad memories and financial problems, which is a sound decision if a person intends to truly move on with their life.
8. Repairs and Upgrades are Too Expensive
Whether you’re looking to renovate your home and stay in it or get more out of it when you sell, sometimes it just doesn’t make financial sense. If the cost of repairs or upgrades matches or exceeds the market value of the house itself, it may be time to find a new one instead.
Selling a house that is badly in need of repair can be extremely liberating. You don’t have to worry about small problems getting bigger, or expensive new problems showing up out of nowhere. It also saves you from the stress of worrying about whether your home can withstand harsh weather conditions. Instead of paying for those costly repairs, selling off your home and buying a new one is a smart decision in the long run.
9. You’ve outgrown Your Home
It happens. One day you wake up and realize you need a bigger house – or a smaller one. Or maybe you just need a change or want to travel the world. Whatever the reasons may be, you will eventually outgrow your home.
Selling a House in Philadelphia?
There are lots of reasons for selling your house immediately. Whatever your reason may be, the Home Cash Guys are ready to help. We pay cash for homes in the Philadelphia area, and will help you sell your house quickly with no hassle! Call the Home Cash Guys today!