Yes, Local house sellers are still getting cash for houses in Memphis, Tn even in this real estate market. Years back, selling a Memphis house for cash was quite easy and fun.
All you had to do was hang a “For Sale” sign in your front yard and wait for potential buyers to call you… and sometimes you’d get 5 offers above asking price before dinner time.
However, in today’s tough economy, coupled with an unstable (but stabilizing) housing market, just about everyone from homeowners to real estate investors and agents are having trouble when it comes to selling houses fast in some parts of the local market.
Throughout the country, more and more homeowners are seeking to sell their homes fast thus creating stiff competition in the market. On average, selling your home can take 65 days at least to sell from listing to closing: according to the “2022 National Association of REALTORS Profile of Home Buyers and Sellers Report” it takes two weeks to be on the market and 51 days for the buyer to secure financing (as of November 2022, according to ICE Mortgage Technology, a finance-industry platform). Sometimes it could go longer, counting the time to get the place in show-ready condition. There are a few things you can do to hurry things along if you want to sell your home as quickly as possible, one of those is selling your house to a cash buyer.
However, if you are trying to figure out how you can get cash for houses in Memphis, Tn then you should not lose hope, especially if you know what you can control; and there is a lot that you can control.
Here are a few tips that can help you sell your Memphis, Tn house for cash in the shortest time possible…
Getting Cash For Houses in The Memphis, Tn Area
There are a few viable options when you’re selling your Memphis, Tn house for cash in today’s market… and I’ll walk through some options here in this article. Hopefully by the time you get to the bottom of this article you’ll have a pretty clear picture for the options you can go after to sell your house fast without hassling with a buyer who has to get a loan from a bank… that may take weeks or months. Buying a house with cash is mostly the same as buying one with a mortgage, with the giant exception of not having to apply for a loan and all the paperwork it involves.
Do not be carried away with emotions
When you are trying to sell your Memphis house fast, you must start off by taking complete charge of your emotions. Selling a beloved home can feel like years of memories and a neighborhood of friendships have been taken away. When your life and money, or both, are tied up in the house, it is quite easy to succumb to the power of emotions when selling your house. However, you need to know that you will be able to make a wise decision and get the best deal when selling your house fast if you take a logical approach to the task at hand. Work with your emotions, rather than against them.
Know your competition here in Memphis and your neighborhood
While trying to sell their Tn houses fast, most homeowners place a “For Sale” sign in their front yards blindly without doing a prior research of the prevailing market prices. Remember, every buyer wants to get the best value for his money… but some house sellers can wait the 3-6 months to sell that it may take for a full price buyer to come along… while other sellers need to sell immediately.
So if you need to sell immediately… see what the other houses in your neighborhood that are similar to yours are listed for (or just sold for)… then look and see how long they took to sell. If you can’t wait that long… How much of a discount are you willing to give the cash buyer in order to attract them to buy your house quickly?
As such, potential buyers will be doing a thorough research in order to find the best house that suits their budget and needs. To help you out, you need to know what the other sellers are offering in order to know how to quote your house competitively. There are also home value estimator websites that will help you estimate your property’s value, based on its key features, recent home sales and active listings, neighborhood data, and local market trends.
Objectively assess your situation and property
It is important that you establish whether your house can compete effectively with what other sellers are offering. It if cannot, then find out if you can make a few repairs to make it competitive in the marketplace. Don’t repair flaws that a buyer might never notice or just won’t pay extra to have fixed. If this is necessary, you need to create a budget and timeline during which you will renovate your house before putting it up for sale if you’re going to try to sell it to a “retail” buyer (someone who plans on living in the house).However, if you do not have the finances or time to repair the house, you can still sell it fast in “as is” state. That’s actually what we do here at Memfixerupper. We buy Memphis houses… we pay cash… we can close quickly… and you won’t have to do any repairs at all.
However, if you do not have the finances or time to repair the house, you can still sell it fast in “as is” state. That’s actually what we do here at Memfixerupper. We buy Memphis houses… we pay cash… we can close quickly… and you won’t have to do any repairs at all.
Give us a call at 901-450-5179 if you need to sell fast... we can make you a fair all-cash offer within 24 hours. No obligation or hassle at all. Take the offer, chew on it and decide if it’s right for you.
Get the pricing right
Most local Memphis, Tn home sellers fail to sell their houses fast because they are asking for too much.
Be sure to talk with an experienced real estate agent in order to give your house the right valuation so you know what you may be able to sell it for if you list it with an agent. They’ll be providing you with a CMA, which is a compilation of recent sales from your area. It takes into consideration home details, days on the market, and final sale price. If you can wait 3-6 months to sell to a full priced buyer… awesome! Price it high and see what you can get!
If you have to sell your house fast… you’ll need to price your house more attractively and be willing to negotiate on price.
There are several reasons why you may want to get cash for houses in Memphis. It could be due to a pending foreclosure, a recent divorce or death in the family or the need to downsize to save money.These offers are often more attractive to sellers, as they mean no buyer financing fall-through risk and, usually, a faster closing time Regardless of your reasons, these simple tips can help you sell a house fast at a competitive price.
Want to learn more quick home selling tips? Click here. Better still, call us today at 901-450-5179 for amazing cash for houses deals in Memphis. 🙂
We here at Memfixerupper offer cash for houses in Memphis. We’re local buyers helping local home owners sell their house quickly with no hassle.
We either hold these houses ourselves or remodel and fix them up for someone else who would love to live there and enjoy the home themselves.
If your Memphis, Tn house qualifies, we can make you a quick and fair cash offer.