I Need to Sell My House Fast, What Are My Options?

How does it work?
While selling a home to a cash buyer likely will not bring in top dollar, it will give you top speed, convenience, and simplicity, which may be the solution set you need. Below, you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks and what he thought of the process overall.

HomeLight Simple Sale client Traci M: “HomeLight Simple Sale helped match me with a cash buyer within days. The process was extremely easy and efficient. I would definitely recommend Simple Sale to anyone trying to sell their home.”

HomeLight Simple Sale client Kevin L: “From the initial phone consultation, to the closing of escrow, the entire process was so quick and simple. Everyone was extremely helpful, responsive, and professional.”

Get started now: homelight.com/simple

Compare sell my house fast companies

Sell my house fast option 2: Hire a top agent known for speed

When you need to sell a house fast but also want a higher offer price, selling with a real estate agent typically is a better choice. However, homes are currently spending an average of 58 days on market (DOM) — the time between when a house is listed and when it goes under contract with a buyer. But if you’re working with a financed buyer, you must also factor in the time the buyer needs to close their purchase loan, which is about 44 days.

Other than selling for cash as outlined in option 1, another way to help speed up a traditional home sale is to partner with a top-performing real estate agent. HomeLight data shows that the top 5% of real estate agents across the US sell homes faster and for as much as 10% more than average real estate agents.

How fast: Sell your house in 45-69 days (varies by market and local housing trends)

Key benefits:
• More money for your home
• Top agents sell homes faster than average agents
• No cost unless your home sells
• Experience in your area
• Expert pricing and negotiating

How does it work?
Below, you can read feedback from sellers who connected with a top-performing agent through HomeLight. Read additional testimonials.

Thomas L. of Charlotte, North Carolina: “The service that HomeLight provided was a tremendous help. HomeLight was able to match our specific situation and needs with a selection of local Realtors and remove a lot of the legwork from the selection process.”

Cory of Fort Loramie, Ohio: “Using HomeLight made it easy to find the top real estate agent in our area. The process from beginning to end was so quick and easy. Our agent got to work right away and was very confident in the listing process. Our home went under contract in just 2-3 weeks and sold quickly!”

Pattie J. of New Jersey: “Purely professional from start to finish. I received an immediate response. In less than two months, our property sold for much more than we expected. HomeLight is the game changer of real estate.”

Get started now: homelight.com

4 tips to sell your house faster

For a speedy transaction, here are some home-selling tips from top agents:

• Declutter room by room: 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 when the showings start.
• Deep clean everything: 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 $195 to $600 to clean a three-bedroom home with two baths, you’ll likely see a sizable return on investment.
• Spruce up your curb appeal: In the current market, the look and feel of a home’s outdoor spaces are more important to buyers than ever. The National Association of Realtors reports that 92% of Realtors recommend improving curb appeal before listing a home for sale. The most commonly suggested outdoor projects include landscape maintenance (74%), standard lawn care (53%), and tree care (44%).
• Pick the right time to list: Timing can have an effect on how quickly a house sells, but this can vary depending on location. Some housing markets see intense seasonal changes based on when parents start looking for homes, popular times for vacation house hunters to arrive, or shifts in the weather. If you have a bit of flexibility as to when to put your house on the market, enter your city into HomeLight’s best time to sell calculator to find out the fastest time to sell in your market based on local housing market data.

Learn more: 9 Expert Selling Tips to Help You Sell Your Home Fast 

Sell my house fast option 3: Compare a cash offer with an agent’s opinion

This third option can give you the best of both solutions. While you don’t need an agent to request a cash offer, taking this step carries no risk and can provide greater peace of mind.

How fast? While this option may add a few days or a week to your home sale timeline, by asking a top agent for their professional opinion about speed and proceeds, you can feel more confident before you make a selling commitment about your home.

Key benefits:
• You get a side-by-side comparison
• No cost or obligation to compare
• Can request a free comparative market analysis (CMA)
• Confidence to make a more informed decision

How does it work?
HomeLight makes it easy. Start by requesting a quote from HomeLight’s Home Value Estimator. In just a few minutes, you’ll receive a preliminary estimate of value for your home, along with a list of top local real estate agents who can provide you with more information and your estimated Simple Sale cash offer price.

An experienced agent can provide you with a free CMA that compares your property against recently sold properties nearby to determine a beginning listing price for your home sale. Compare this to your cash offer and online estimates to make a more informed choice. As a seller, you are now more empowered, whether you choose to list with a top local agent or sell for cash.

Get started now: homelight.com/home-value-estimator

Sell-fast options to avoid: Short sale, FSBO, and auction

Certain routes to selling your home may sound like a shortcut, but aren’t what they seem. Some options to avoid include short sale, FSBO, and selling at auction.

• Short sale: The “short” in “short sale” refers to money, not time. Selling short means that your lender has agreed to allow you to sell your home for less than you owe on it. As a general rule, short sales take a lot longer to finalize than a regular home sale.
• FSBO: Selling FSBO (for sale by owner) is not a common option. According to the NAR, only 7% of sellers take this route. Of those, 57% already knew the buyer. So unless you have a buyer already lined up, such as a friend or family member, don’t count on a fast FSBO home sale.
• Auctions: An auction can be a fast option if you have the right combination of market, seller, and property. But auctions are unpredictable and risky when it comes to speed and proceeds. You might sell your house in 21 days — or it might take 45 days or longer. You have limited control of the final sales price, and auction costs can exceed traditional agent commissions. And you’ll still need to pay the auction fees even if your home doesn’t sell.

Why you might need to sell a house fast

1. Debt: You’re facing a financial deadline or foreclosure
2. Divorce: You’d prefer to sell the house quickly, split assets, and move on
3. Medical issue: You’re helping someone make new living arrangements
4. Inherited home: You need to settle an out-of-area inheritance
5. Job loss: You’re moving or downsizing after a loss of employment
6. Relocation: You’re taking a job in a new place
7. Bad tenants: You’re a property owner who wants to sell now
8. Damage: Your home has costly foundation, fire, or water damage
9. Tax liens: You’re facing unpaid property taxes or income taxes
10. Bad location: You’re unhappy about imminent changes nearby

Pro tip: Use HomeLight’s Home Value Estimator before you request a cash offer so you can better determine if it’s a price you’re willing to accept. You’ll receive a preliminary estimate in under two minutes. For greater accuracy, request a CMA from a top local real estate agent, who can also advise you on options to sell your house fast.

What are the benefits of selling for cash?

While you will typically get less than market value, selling your home to a cash buyer may be an attractive option. Here are some of the top benefits of selling to a cash buyer:

• Fast closing: When you sell a house for cash, you can get money for your home much faster, usually in a week or two, compared to several months with a non-cash buyer.
• No repairs: Save the time, cost, and headaches of making repairs or improvements when you sell to a cash buyer, many of whom are looking for “fixer-uppers.”
• Simple and convenient: No prep. Fewer steps. Less paperwork. Selling to a cash buyer usually means selling your home as-is.
• No marketing, staging, or showings: You won’t need a public for-sale sign, flyers, or schedule time for shoppers to walk through your house. Homes sold with traditional methods commonly require 10 to 25 showings before being sold.
• Fewer fees: Not only will sellers be able to skip the agent’s commission, but many cash buyers also pay closing costs.
• No lender-ordered appraisal: Selling for cash eliminates the lender-ordered appraisal and the delays or deal-killing risks that come when a home appraisal comes in low.
• Less stress/less hassle: A cash sale is typically straightforward and fast.
• No negotiations: Cash buyers typically make a take-it-or-leave-it offer, so there’s no negotiating or uncomfortable back and forth.
• Fewer financial, legal, or lender barriers: Because there is no lender involved, a cash sale doesn’t require financing approval or an appraisal. In a traditional home sale, buyer financing issues can result in delays or cause the deal to collapse.
• Smaller holding costs: So long as you own a house, you’re responsible for its holding costs (also known as carrying costs), which include utilities, taxes, insurance, maintenance, and other fees that add up each month.
• Fewer sales fall through (less risk): Many traditional buyers add contingencies to their offers, which increase the risk of a delayed or canceled settlement. Conversely, cash buyers rarely impose a financing, appraisal, or home sale contingency.
• Can be a solution to life challenges: If you’re facing a divorce, foreclosure, imminent job loss, or transfer, or perhaps you inherited a home out of state, you may benefit from a quick sale. Whatever your situation, an all-cash sale offers speed and less work.
• Flexibility: Sellers who work with a house-buying company often select a move-out date that works best for them.
• Peace of mind: You can have the peace of mind and financial certainty that comes with a cash sale, especially for homeowners juggling life challenges.

How does selling for cash work?

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

1. Make contact: You reach out to a house-buying company or investor who serves your area and provide them with information about your home.
2. Receive a preliminary offer: In as little as 24 to 48 hours, you 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 your 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 buyer will wait to ensure that your home is able to convey a clear title before paying. If liens are discovered, some companies will assist you through the next steps.
7. Payment is disbursed: You receive payment, typically within seven days to 14 days. In addition, many companies that buy houses for cash provide flexible move-out dates.

Learn more: The Process of Selling Your House for Cash

Who buys houses for cash?

Some cash buyers are individuals with sufficient funds to pay for a house 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 certainty of cash, sellers who need to sell a home fast often work with companies that buy houses for cash. Here’s a run-down of the five most common types of companies that buy homes for cash.

• Franchisors: These companies franchise their model under a brand name. They buy houses as-is, fix them, and either sell or rent them. Examples include We Buy Ugly Houses, HomeVestors, and We Buy Houses.
• House flippers: These investors buy homes in need of repair, renovate them, and then sell them as turnkey properties. They’re looking for a bargain to maximize profits. Examples include FortuneBuilders, and FlippingJunkie.
• Buy-and-hold investors: These buyers convert houses into rental properties as part of a long-term investment strategy. Examples include Invitation Homes, Tricon Residential, American Homes 4 Rent, and Progress Residential.
• Trade-in or “buy before you sell”: These companies will offer to buy your current home and/or provide modern, convenient options that free up your equity to buy a new house. (No home sale contingency or paying two mortgages.) Examples include HomeLight Buy Before You Sell, Flyhomes, Orchard Move First, and Knock Bridge Loan™.
• iBuyers: These companies use an automated valuation model (AVM) to generate an all-cash offer. Their offers typically are more competitive than franchisors or house-flipping groups, relying on volume for their profits. iBuyers typically charge a service fee of about 5% to 6%. Examples include Opendoor, Offerpad, and ExpressOffers.

What are the benefits of selling with a top agent?

What makes a top real estate agent different from an average agent? A top agent offers you hands-on expertise that helps you with all aspects of your home-sale journey. These include:

• Ability to sell for more: HomeLight data shows that the top 5% of real estate agents across the U.S. sell homes for as much as 10% more than average real estate agents. The additional proceeds can often offset or exceed the amount paid in commission fees.
• Top agents sell homes quicker: A performance-proven agent will have a lower DOM transaction history. They can network your listing to colleagues, often drumming up interest before a home is fully prepped for showing.
• Network of professionals: A great real estate agent will have a laundry list of skilled professionals at your disposal. These can include trusted, licensed contractors, pest control experts, house cleaners, real estate attorneys, and more.
• Accurate pricing: Setting the right listing price is a crucial factor in balancing a fast home sale with retaining maximum profits. A top agent can set the right asking price based on an analysis of comparable sales and current market conditions. They can help you account for recent upgrades, curb appeal, new developments like shopping districts and restaurants, and your home’s condition, whether it’s impeccable or needs work.
• Appraisal and inspection expertise: A proven agent can help sellers anticipate and navigate the home appraisal and inspection processes no matter the outcome. A top agent can advise you on when and how to negotiate for an appraisal waiver in the contract upfront, which can keep your home sale moving at a faster pace.
• Professional negotiation skills: With a top agent, sellers go into negotiations with a huge advantage. Experienced agents have the skills — and the responsibility — to negotiate to get you the price you want and sell on your timeline.
• A lighter load: Partnering with a top agent can give you peace of mind, knowing that no matter what happens along the road to closing, you have a professional on your side who can avoid pitfalls and keep the deal moving forward.
• Elevated marketing: There’s a difference between marketing a home and selling a home. A top agent doesn’t just list your home on a multiple listing service (MLS) and then wait for offers to come trickling in. They will actively promote your home in the best places with the best angles, often even before all the preparations are complete.
• Contract savviness: A top agent will know how to keep your home sale transaction legal and moving ahead at a good pace. They will be familiar with the required documents and disclosures you need, and coordinate all aspects of your settlement agreement, helping to reduce potential risks or delays.
• Objective lens: Working with a knowledgeable real estate agent helps to keep the home-selling process in an objective perspective when it matters most. This can be especially helpful when you need to sell a house fast.
• Innovative tools: As new tech solutions emerge, savvy agents are able to take advantage of these developments to help deliver better, faster outcomes for their clients. These might include drone videos, virtual tours, or streamlined closing tools from companies like HomeLight.

Learn more: When to Contact a Realtor® to Sell Your House

What do you need from your agent?

If you’re on a tight selling deadline, it’s reasonable to have concerns over whether a real estate agent will work at a fast enough pace to sell your home. That means not just any real estate agent will suffice. To give yourself the best shot at selling quickly, partner with an agent who has a track record of selling homes like yours quickly. For that, you can look at data for their average DOM and their transaction history.

• Low DOM: DOM tracks the time between when a house is listed and when it goes under contract with a buyer. If an agent’s average DOM is lower than the area average, it’s a good sign that they price homes correctly to attract quick offers and come out of the gate with a strong marketing plan for their listings.
• Experience in your area: An agent with hyperlocal expertise will be able to better highlight the perks of your home to interested buyers. They’ll also have heightened familiarity with real estate in the area and what types of upgrades would help your house sell for more (and which ones would be a waste of money).
• Familiarity with your property type: An agent who has had experience selling homes like yours will be better positioned to enable you to sell faster. HomeLight can help you find agents who have successfully sold properties in your area, so you can benefit from their local knowledge and expertise. Each agent’s profile will show how many homes he or she has sold in your community.

At HomeLight, we analyze more than 27 million transactions and thousands of reviews to determine which agent is best for you. Whether you are selling or buying, we would be happy to introduce you to a top-rated agent near you.

Learn more: How to Choose a Real Estate Agent for Selling Your Home

Bottom line: When you need to sell fast, you do have options

Selling a house has a reputation for being overwhelming, stressful, and time-consuming. But fast? Not so much.

That said, you don’t have to leave your selling fate to chance. Whether you decide to request a cash offer, work with a top agent who can meet your deadline, or collect information about your home value before picking a route, you now know your main ways to sell your home fast. All that’s left to do is pick a path.

Read more: Things to Do to Sell your House

Writers Max Efrein and Lori Lovely contributed to this story.

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