It happens for all kinds of reasons: divorce, job layoff, relocation, or mortgage payments becoming too much to handle. Whatever the reason, you are now in the position of needing to sell your house fast for cash in New Orleans.
Market your house to people who want to buy with cash, get them in the door, and close the deal. Understanding the process and knowing how to prepare your house for sale may help.
How To Sell Your House Fast For Cash in New Orleans
Title/Deed
After finding a possibility, people buying a house for cash will ensure that a purchase-and-sale agreement has been drawn up. Next, they will typically do a title search to make sure that the title is clear, with no liens or other encumbrances. Then they will want to know what kind of deed you are offering, such as quit claim, warranty, or special warranty.
Offer
If everything above is in order, the cash buyer will make an offer. Because the sale isn’t dependent on a third-party loan, a cash buyer will feel like they have more bargaining power. Make a counteroffer if the first offer doesn’t suit you.
Inspection/Appraisal
When an offer is accepted, the buyer will want an inspection and maybe an appraisal done to ensure there are no problems and that they’re getting their money’s worth.
Close
Both you and the seller will set a closing date at a convenient time, which is usually much sooner with a cash deal. Simply show up at a notary’s office with pen and cashier’s check in hand.
Here are some steps you need take before attempting to sell your house for cash.
Price
Accurately pricing your house is the best step you can take toward a fast sale, because it’s what gets people to consider your house in the first place. If the house is priced too low, buyers will assume something is wrong with it. If the house is priced too high, it may sit for a long period of time without selling. It pays to look at comparable house values in the area and price accordingly.
Curb Appeal
Curb appeal creates that critical first impression, and causes people to stop and come in the door. Improving the yard and the house’s exterior are worth the time and expense involved. It doesn’t require much, perhaps only some lawn clean-up, minor landscaping, a little roof repair, touching up the paint, and dressing windows.
Deal Sweeteners
Making the deal more attractive to buyers always pays off. People are willing to give more (sale price) if they feel they are getting something in return (the deal sweeteners). For example, you can offer to pay some or all of the closing costs, or you could offer to provide a transferable home warranty, which would cover major appliances and/or the HVAC systems.
If you need to sell your house quickly, these steps will help you close a cash deal.