Should I Wait Until COVID-19 Is Over to Sell My House?
The COVID-19 pandemic may have derailed any plans to sell your house in 2020. Now, you may be wrestling with the idea of moving forward with selling the property or waiting until the pandemic is over. However, if you are like other homeowners, you may be in a situation where you need to sell your house fast to avoid bankruptcy, foreclosure, or a short sale.
Although selling your home during the coronavirus may seem like a bad idea, you may still be able to get out from underneath your mortgage, get a good price for the property, and move forward with your plans. Instead of going the traditional route and selling your house on the market, a smarter option would be to sell your house as-is to a local home buyer in Cincinnati, Ohio.
5 Reasons You Can Sell Your House Fast During COVID-19
There are several reasons why you can sell your house during the COVID-19 pandemic.
Reason 1: You Don’t Have to List Your House on the Market
The most common way to sell a house today is to hire a realtor and list the house on the market. This means putting a for sale sign on the front yard and posting your sale in ads or online marketplaces such as Zillow. However, if you need to sell your house fast, you can bypass the market and sell your house to a local home buyer in the Cincinnati area.
Reason 2: You Don’t Have to Spend Money to Sell Your House
If you sell your house the traditional way, you will likely spend thousands of dollars on realtor commissions, closing costs, inspections, and repairs. However, if you lost your job or you’re having difficulty paying bills due to COVID-19, you may have a hard time raising funds to repair, market, and sell your house. If you work with a local home buyer, you can bypass these expenses and still sell your house as-is.
Reason 3: You Don’t Have to Depend on Market Trends
The current real estate market is in steady decline as fewer people are buying and selling houses. Under normal conditions, it may take you 60 to 90 days to sell your house the traditional way. However, due to COVID-19, it can take six or more months to find a buyer. You may not have that kind of time. When you sell your house to a local home buyer, you never have to depend on the real estate market.
Reason 4: You Can Avoid Bankruptcy or Foreclosure
Currently, bankruptcies and foreclosures are skyrocketing due to job loss and the poor economy. Homeowners who took advantage of the CARES Forbearance Act in 2020 are seeing their forbearance period expiring, bringing them one step closer to losing their homes. If you are in this situation, selling your house for cash can help you avoid foreclosure or bankruptcy.
Reason 5: You May Get a Better Price for Your House
Real estate market values are currently plunging as the market gets worse. If you try to sell your house on the market, you may have to sell it for much less than you had originally planned. If you must make repairs, pay realtor commissions, or pay closing costs, they can eat into your profits. A local home buyer may be able to give you a better offer and help you save money on selling costs.
Work with Local House Buyers in Cincinnati, OH
If you get a call from an out-of-town home buyer, they may make a quick offer over the phone without even looking at the property. They may also ask you to commit to selling them by asking you to sign a contract. However, out-of-town buyers may make a lower offer on the house after they’ve seen the property, putting you in an awkward situation.
We understand the local market, know the people in the area, and understand the challenges of selling your home. We never make an offer before looking at the property. And, once we make an offer, we stick with it. You work with an honest and straightforward home buyer who makes it as easy as possible for you to get out from under your mortgage or sell your house as-is fast.
Sell My House Fast in Cincinnati, Ohio
If you need to sell your house fast, then contact Neighborhood Enrichment today. We pay 100 percent cash, close in as little as seven days, and help you avoid unnecessary fees. Call us at 513-285-9032 to schedule a quick walkthrough with a local cash home buyer.