What to Do when You Need to Sell a House or Condo Quickly

What to Do when You Need to Sell a House or Condo Quickly

Posted on May 19, 2020 by Great Florida Homes

If you need to sell your house or condo in South Florida quickly, it may mean that you need money fast. This is a desperate situation that could indicate problems in your life such as a divorce or a threat of bankruptcy. The last thing you want to deal with is an issue with selling your property.

Sell your House Quickly

This guide is a quick resource to understanding what you need to do when you’re trying to sell a house in a hurry, either with a real estate agent or a home buying service (which is quicker but much riskier).

Repairing your property

If you’re trying to sell a house, condo, or apartment quickly, unless you’re having financial issues, you may have acquired the property in a unique way, such as through inheritance. Or perhaps your house has been robbed and you no longer want to live there. Either way, you may not have planned to sell it.

This means that it could need repairs that you don’t necessarily want to spend a ton of money on. Knowing what you should repair and what you should leave alone is important.

For instance, stylistic renovations like paint and carpeting aren’t as important in a house that needs repairs as structural and safety changes.

Making sure that all the doors, windows, and stairs in a house are functioning properly is more important than making design changes. This is because people who may want to buy a rundown house will probably be looking for a fixer-upper to turn into a nice house at a cheaper price. They’ll want to make many design choices like paint and carpeting on their own.

Know the value of your house

If you’re trying to quickly get out from under a house to escape your mortgage loans, you’ll want to sell your house quickly and get as much money for it as possible.

If you have a mortgage (or several) on this house, however, the home buyer or realtor that negotiates for you will have to factor those loans into the value of your house. This means that a desperate home selling situation may not yield as much money as you plan.

Factoring this into your repair and market plans is essential to selling your house as quickly and profitably as possible.

The Takeaway

Selling a house, condo, or apartment in South Florida can be stressful, but doubly so when you have to do it quickly for financial reasons. This is why you need to follow a game plan to help you keep your finances and your plan with your real estate agent under control.

This plan should include making proper renovations on your house and refraining from unnecessary ones due to the overall condition of the property. You should also keep track of your house’s true value so that you can make the right plans with your real estate agent in terms of your market value.

Quickly selling a house is stressful but not impossible with the right planning.