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Your home is more than a place where you make memories with family. It’s also likely your biggest asset. Sure, you want to sell quickly, but you could be leaving major money on the table if you don’t consider if you don’t consider other avenues for a quick sale.
Always do your research, compare your options, and consult with a trusted advisor before accepting any offer.
Vet cash buyers and know your home’s worth
For many home sellers, We Buy Houses for Cash companies can be a solid solution to selling a property quickly or accessing cash for an expected life challenge. On the other hand, the “cash for your home” rehabbing business model has also led to what some housing advocates call predatory tactics.
The level of integrity and customer service you experience can vary, even within an established house-buying company that strives to maintain consistent business standards. This is because many We Buy Houses for Cash companies are franchises and often use independent investors or local wholesaling outfits. Your experience greatly depends on the character of the person or group making the offer.
If you are considering a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
Get a home value estimate
Before committing to a We Buy Houses for Cash company, HomeLight suggests you consult with a top agent to get a better idea of what your home might be worth if sold on the open market. Then, compare cash offers to what a top agent might be able to get for your home.
HomeLight can connect you with a top-performing agent in your market. You can also try our free Home Value Estimator right now to get an initial ballpark estimate in less than two minutes.
Other options to sell your home quickly
Working with iBuyers
Within the cash-for-homes business, you’ll encounter a particular group of companies known as instant buyers or iBuyers.
These firms offer sellers many of the same conveniences of other house-buying operations, but they also leverage algorithmic technology, otherwise known as automated valuation models (or AVMs), to make you a near-instant offer on your home and provide a user-friendly, mostly online home-sale experience.
Offering all cash, iBuyers can close in a matter of days to a few weeks. But unlike more traditional We Buy Houses for Cash companies, they tend to look for homes in better condition and offer much closer to market value, typically in the 85% to 95% range.
However, one thing to note is that major iBuyers like Opendoor and Offerpad usually charge sizable fees for their services, between 5% and 6% of the home’s sale price.
Sellers who may be a good fit to work with an iBuyer in Delaware include those who prefer to skip staging and showing their home, live in an area with somewhat similar housing, and have a home in relatively good shape.
Listing with an agent
A seasoned agent can help you sell quickly with strategic pricing andan excellent marketing plan.
What’s more, selling on the open market generally fetches the highest home price, especially when you work with a skilled professional. Our internal transaction data at HomeLight shows that the top 5% of real estate agents sell homes for up to 10% more than average agents.
Selling your home is a big financial decision, so it makes sense to consult with a trusted real estate agent who can complete a comparative market analysis (CMA) to help you understand your home’s value and how quickly it’s likely to sell. A CMA is usually free, and you’re under no obligation to list with the agent, so this may be a good tool to explore your options.
Your agent may even be able to connect you with cash buyers who are willing to offer closer to market value for your home.
Are you overwhelmed trying to find a good agent? HomeLight would be happy to connect you with a top performer in Delaware today.
