Quick and Tricky: The Dangers of Quick House Sale

A quick house sale might be a last minute effort of some homeowners to sell their houses before the house goes into foreclosure. If you are in the market for a house, this kind of sale might attract you as an alternative to other house sales.

As the name implies, a quick house sale is a method where a homeowner cannot pay a mortgage and resolves the matter by selling the home in a reduced price. This reduced price often attracts many buyers since they can get a new home at an affordable cost.

A house on quick sale might look like any other house on sale. It might have fresh paint, clean floors, walls and ceilings, no or less clutter, minimal to no furniture and other techniques to make the house presentable to the buyer. However, this might be just a ‘stage act’ for you to buy the home without further investigation.

As a buyer, you need to be a little more discerning when it comes to buying a home, even a quick sale home. A tour of the house can certainly convince a buyer to consider the house for sale. But to make sure, it is better to inspect the house thoroughly. It means getting under the sink to inspect for leaks or looking for any sign of damage. In addition, inspecting for pests like rats, termites and other household malady is also necessary. Buying a home without a clean and thorough inspection is definitely a lifesaver in the future. If there are signs of repair, see if the repair is properly executed. If the repair is not complete or not good, you might have to repair it again when you buy the house.

When considering a house on quick sale, take your time reading reports about the house. These reports might include some papers from the appraiser, the bank, building permits, contractors and other likely persons who have knowledge about the house. The house might look like new and shiny on the outside but it might have some problems inside that you do not know.

If you have time, chat with the neighbors. This method is a very convenient way to know information about the house and its current owner. In addition, if you decide to buy the house, you already built rapport with them. Its other advantage is that you can observe the neighborhood where the house is situated.
Even though it is a quick house sale, it does not mean that you cannot negotiate for the price. Depending on the price and your budget, you should keep negotiating until you and the owner come up with a good agreement.
Do not lose hope if you lost your potential home. Many people are offering their houses in this type of transaction. Just look around, ask and see if you can find a house that fits your budget and your needs. You can also try searching online for quick home sales in your area.

A quick home sale is not a bad way to find a new house; all it takes is a little prodding, reading and calculating the risks and the opportunity for a new home. Make sure to understand the risk of a quick house sale so better learn about it and find interesting articles about a quick house sale guide that might help you in your home selling decision.

How To Make A Quick House Sale

If you are in a hurry and want to make a quick house sale, you can choose to acquire the services of estate agents who have the ability to do so. These agents have the training and experience in buying and selling which give them an advantage. They know what to do, how to do it and when to do it. They have the necessary knowledge on the strategies to be taken in order to sell your house as fast as possible. Making a quick sale all by your self is much less likely than when done by a professional.
There are a lot of agents and agencies who are more than willing to help you with your dilemma. However it is for your own sake to do some research on the different agencies and agents who are offering their services. Here are a few indications that an estate agent would make a good representative for you in making a quick house sale:

1.    A good estate agent can give you a quick plan on how to sell your house and provide you with certain advertising agencies or websites that he uses in the regular course of his business. The key to a quick house sale is good advertising strategies.
2.    Experience is the best teacher. A good realtor has moderate to extensive experience in selling your type of home. Remember that he may have a stellar record in selling a certain type of housing but not in others. You need to consider if he has had experience making a quick house sale in your neighborhood or its type.
3.    You should get an agent who is familiar with your area and know the ins and outs, the ups and downs and has general if not specific knowledge on your neighborhood as well the as the types of properties found around you. He should be able to provide references from his former principals or homeowners who have used his services for making a quick house sale. These homeowners ought to have similar properties as yours.
4.    Find an estate agent who belongs to a reputable realtor organization or club. Membership in a well-established organization means that he is most likely trustworthy and you can entrust your business with him. A quick house sale is no easy task and if his colleagues hold him in high esteem then he must have the skills and finesse in doing the task for you.
5.    In hiring a realtor, make sure that he discloses his rate on commission and that it is reasonable. Many agents would give some leeway on the rate and allow for negotiation. Find out the average commission of agents in your area and in the type of house that you are selling. A quick house sale involving a middle-class property might have a different average commission compared to the sale of a high-end property in a high-end neighborhood.

You have the final say on whether to hire a particular agent or not, so you need to consider your needs and base your requirements and your decision on those. Never sign on a realtor that you feel like you can’t trust or one that insists on his own way without considering your wishes. You are hiring his services and therefore you have the ultimate authority in making the quick house sale.