Need To Sell My House ASAP In Alabama

It’s safe to say all home sellers would prefer to sell in a matter of weeks rather than months, but for some, selling a house ASAP is more of a need than a want. The main reasons people usually rush a sale are they need the money in order to make their next move, they can’t afford to keep their current house, or they can’t afford to lose any more money on their current situation.

In today’s shifting housing market, it usually takes a little over three months to sell a house from list to close. That doesn’t account for any pre-listing preparations such as making repairs, cleaning, decluttering, and staging the property.

If you don’t have the flexibility for this timeline, including the average 50 days you’ll spend waiting for a financed buyer’s mortgage to be processed, you’ll need to get creative with your plans.

I Need To Sell My House ASAP In Alabama Options:

1. Request a full cash offer through a company like ours, Alabama Home Debt Relief Services, slashing your closing timeline to as little as 10 days or the move-out date of your choosing.

2. Try and find a real estate agent who can get you a quick offer.

This guide provides a complete overview of the best ways to get a quick offer, sign a deal, and get out of a house that’s no longer serving you. Sell your house in a matter of days, not months.

When you sell through Alabama Home Debt Relief Services, you don’t have to worry about additional repairs, prepping your home for listing, or showings.

Request Cash Offer Option 1: Request an all-cash offer for your home

When it comes to “sell my house fast” solutions, an all-cash offer from a house-buying company ranks at the top. That’s because when listing a home on the open market, the process is almost always slower and you face several unknowns.

These include:

When will you get an offer?

Statistics from the Federal Reserve show that homes currently spend a median of 50 days on the market, up from a recent low of 31 days in May. It has climbed every single month since May, As more homes come on market and more homes don’t sell, we see it continuing to climb.

A house in rough condition will also take longer than average to sell. A traditional buyer who’s planning to live in the home will prefer that it be move-in ready, and they may need the house to meet certain minimum property standards in order for it to appraise.

How cash buyers solve this: You can request an offer and get a response in as few as 24-48 hours. Some cash buyers make a preliminary offer subject to change after an assessment. Others make firm offers on the spot.

Will the buyer pay cash or be prequalified for a home loan?

Data indicates that 78% of recent buyers financed their home purchase, according to the National Association of Realtors (NAR). Even if you do zero home prep and attract a buyer in record time, a seller has little to no control over when a buyer’s loan will close. Expect this step to take 30-60 days before you get paid.

How cash buyers solve this: When you request an offer from a legitimate house-buying company, you can expect to receive a full cash offer without any lender involvement.

Will the inspection, appraisal, or loan underwriting cause delays or worse?

According to NAR’s Realtors Confidence Index Survey, the top three recent causes for delayed settlements include issues related to the buyer’s financing (22%), appraisal issues (20%), and home inspection issues (11%). These issues can also be the reason that contracts get terminated, leaving the seller to secure a new offer.

How cash buyers solve this: Cash doesn't have the same potential problems that could arise with a home loan (there is no loan!) as well as eliminates the lender-ordered appraisal. Your home may be inspected by a buyer whether you sell for cash or not, but direct home buyers usually purchase homes “as is” (at a discounted price) and don’t expect sellers to make repairs. With cash home buyers it’s all about the convenience factor. How does selling for cash work?

When you sell your house for cash, you can expect the process to go like this:

1. Make contact: A seller contacts an investor or company that buys homes in their area and provides some basic information about their home.

2. Receive a preliminary offer: In as little as 24-48 hours, the seller will receive a preliminary offer that may be subject to change after a house assessment.

3. Have your home assessed: The company schedules a walkthrough or exterior inspection of the house to evaluate its condition, usually within a few days’ time.

4. Get a firm offer: The company makes a firm offer, which you can accept or decline. Most of these companies will not alter their price, so negotiations are off the table.

5. Closing begins: If you accept the offer, you and the company will each sign the contract, and closing will begin.

6. Title clearance: The cash buyer will wait to ensure that the seller is able to convey a clear title before paying for the property. If any liens are discovered, some house-buying companies will assist sellers through the next steps.

7. Payment is disbursed: The seller receives payment quickly, typically within seven days to a few weeks. This can vary by company, and sellers who work with a house-buying company often enjoy flexibility in selecting a move-out date that works for them.

Who buys houses for cash when I need to sell my house ASAP in Alabama?

Some cash buyers are individuals with enough funds to pay for a home with cash. But when you list your home, it’s hard to predict whether your offer will come from a cash buyer or a buyer prequalified for a home loan. For the guarantee of cash, consider working with a house-buying company.

Where can you get a cash offer?

Not sure how to find a cash home buyer in your market? If you’re looking for a fast, easy home sale, consider Alabama Home Debt Relief Services. Book a call so we can provide you with an all-cash offer for your home.

Common reasons people need to sell my house ASAP in Alabama?

When your goal is to sell as quickly as possible, you could be facing any one of these common situations where a lengthy sale process could cause more stress and financial strain.

Foreclosure Even if your mortgage company has already initiated the foreclosure process, you can still sell your home independently prior to your scheduled auction date. But depending on how behind you are on payments, you may only have a month or two to sell before the house is auctioned.

Need to move Maybe you weren’t actively looking, but then your dream house hits the market. Or perhaps you are suddenly faced with a relocation and need to sell now. If you need to act fast to snatch up a new property or switch ZIP codes but can’t afford to take on two mortgages indefinitely, achieving a quick sale is a must.

Bad tenants Bad renters can turn an investment bad. If your home has been “wrecked by tenants” the home may not qualify for any type of traditional financing.

Inheritance You might have recently inherited a property. It could be out of state and you just want to get rid of it in the quickest and easiest way possible.

Foundation issues A major foundation repair that requires a fix involving hydraulic piers can cost an average of $8,000, but can easily exceed $10,000. Rather than let a problem like that fester and threaten your home’s structural stability over time, you could sell the house quickly to someone who can afford to address it. Keep in mind, though, that a large problem such as foundation cracks will raise red flags in an inspection, resulting in a price discount.

New job Even as remote work increases post-pandemic, many companies are still asking their workers to come into the office part-time. When you need to sell your house fast for a job relocation, the pressure of adhering to a start date and straddling two locations can make the process tricky.

Divorce Selling a house is often a big step toward a fresh start after a divorce. Until the home is sold, mortgage payments will come due and the home will need to be maintained, which can cause additional tension and financial strain. As such, many people going through a divorce are looking for a fast way to sell their home and move on to the next chapter. Water damage Water intrusion and flooding can cause catastrophic damage to a home, and a home with a history of water damage can be harder to sell. It’s also expensive to fix, with the average water damage insurance claim exceeding $11,000. For someone who doesn’t have the money to make costly repairs, selling the home quickly with the proper disclosures may be the best option.

Fire damage Similar to water damage, destruction caused by a fire is difficult and costly to repair. A significant fire will destroy your home down to the ductwork and Sheetrock. The average cost to restore a home that has experienced fire damage is $11,900, but can be as high as $50,000 or more. If you don’t have adequate homeowners’ insurance or the upfront money to make repairs, the only type of buyer willing to take on your property may be an investor who can pay cash and plans to gut it.

Job loss/loss of income In the event that your primary source of income has dried up, you may find yourself unable to pay your mortgage and other house-related expenses, at which point a quick sale seems like the best way to dig yourself out of a financial hole.

Tax liens If you’ve incurred unpaid property taxes or income taxes, the government may place a tax lien on your property, which means they can lay claim to your home until the debt is paid. If you don’t have the liquidity to pay the tax burden, you may need to sell quickly to get the cash to cover the balance.

Bad location Maybe you love the look and layout of your home, but the surrounding area has made it a less than desirable place to live. For instance, if crime rates have skyrocketed or a high-traffic commercial building is under construction nearby, you might be eager to unload the property and move on. This was one of the most commonly cited reasons in NAR’s Profile of Homebuyers and Sellers that people recently decided to sell their homes.

More Tips When You Need To Sell My House ASAP In Alabama

There’s a lot you can do as a seller to improve your chances of a fast sale:

Clean and declutter

If you’re going to show a messy house, you might as well request a cash offer, because you’re not going to get the best price. Gone are the days seen during the pandemic homebuying boom of just throwing a house on the market without any focused preparation and still getting a high value for it.

To meet buyers’ heightened expectations, you want to create the illusion of space by removing shoes, boxes, and stacks of items from your floors. Relocate bulky furniture and move any clutter that won’t fit into storage spaces. If it won’t fit in a closet, the basement, or the garage, send it to storage. Countertops should be clear of anything not intentionally placed. At the very least, your home needs to be tidy and organized.

If you don’t have the time to mop the floors, vacuum, dust, and get your surfaces sparkling, then consider hiring a service to do the job. For an average investment of $200-$400 to clean a three-bedroom home with two baths.

Spruce up your curb appeal

The look and feel of a home’s outdoor spaces are more important to buyers than ever now that the number of remote workers in the U.S. has more than tripled since 2019. In fact, having a backyard/outdoor space was one of the top reasons buyers cited for wanting to purchase a home, according to our Buyer and Seller Insights Survey for last year.

Follow these yard care basics if you need to sell my house ASAP:

• Mow the lawn and edge around your driveway and plantings.

• Pull large weeds and apply weed killer to any unwanted plants sprouting up through cement cracks, being careful to avoid healthy flowers.

• Spread fresh mulch around any plant beds that need it.

• Clean up your front entryway with a bucket of soapy water to remove cobwebs and grime from your door, entry lights, and mailbox.

In summary, skip any excessive projects that would cost you time, but don’t neglect your outdoors.

Are You Ready to Sell Your Property In Alabama?

We hope that through reading this Alabama home sellers guide, questions like “What do I do if I need to sell my house ASAP In Alabama?” were answered.

We help people in all situations sell their property quickly and avoid common financial mistakes. Imagine having to find a real estate agent, make repairs, clean, deal with open houses and showings, and pay commission and fees on top of all the work and stress in your already busy life…

Alabama Home Debt Relief Services eliminates these hassles. We take the stress out of selling your home, so you can keep on living your life. Our goal is to make your home sale as simple as possible.

Contact us today for a free property estimate or cash offer.