Homeimprovement

Here Are Some Tips for Selling Your Home Fast in Las Vegas, NV

If you’ve been following the news recently, you’ve likely heard how homes across the United States have been selling for record-high prices and at a relatively fast clip because of an ongoing shortage of housing inventory and a significant uptick in buyers looking to purchase properties.

While selling your home quickly may seem daunting, we have a few tips to help make the home selling process less overwhelming.

Work with a real estate agent from the start

With all the free advice you can get on the internet, it might be tempting to sell your home through the for sale by owner (FSBO) route, so you can save some cash, however for most homeowners this can be costly decision.

Since selling a home entails as much work as a full-time job, hiring a real estate agent to handle the sale from start to finish. In fact, since real estate agents work on commission, you don’t have to pay upfront costs and the agent’s compensation depends on the successful sale of your home.

When you’re looking for a real estate agent to help sell your home there are a few key considerations that can help you find the best fit. These include the agents:

  • Days on market average
  • Number of homes sold in the past 12 months
  • Sale to list price ratio: Calculated as the sale price of the home divided by the listing price

In addition to those quantitative figures, there are a few other things you’ll want to ask about which aren’t answered with straight figures. For example, checking about the agent’s knowledge of your region, their priorities for buyers and sellers, and reviewing their professional qualifications are all key things to consider when choosing a real estate agent.

Consider selling your home for cash

If you’re looking to skip the repairs, paperwork, and open houses associated with the traditional home selling process, an all-cash offer may be the best option for selling your home fast. Besides needing cash fast, or having to relocate quickly, common scenarios where all-cash offers come into play include:

  • Having a property in a less desirable location
  • Bad tenants who have damaged the property
  • Homes requiring major repairs such as foundation issues, or water damage
  • Foreclosure. Even if the process has already begun, you may be able to sell your home independently before it goes to auction.

All-cash home buyers typically are one of three types. House flippers, buy-and-hold investors, and iBuyers. House flippers are a great fit for homeowners who have a property that is outdated but is in a great school district or location. If your home is near a hotspot such as a hospital or a university, which makes it a potentially profitable rental property, buy-and-hold investors may provide the best offer for your home. 

Finally, iBuyers are tech-enabled real estate companies that purchase homes that are in good condition based on algorithmic pricing tools. If you live in a newer development in a major city, selling to a buyer will likely provide the best results. 

Regardless of whether you choose to sell your Las Vegas home for an all-cash offer or through the traditional home selling process, the previously mentioned tips should help expedite the process.

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