How to Sell Your House Fast in Memphis

By Eric Hamilton

Oct 29, 2021 07:15 PM EDT

How to Sell Your House Fast in Memphis(How to Sell Your House Fast in Memphis) (Credit: Getty Image)

If you're looking for tips to sell your house fast in Memphis, NE, you've come to the right place. This short guide will give you information about your options when you need to sell your house quickly.

Prepare Your House for Sale

Before you can sell your house, you need to prepare it for sale. At the very least, you need to declutter and begin packing your stuff. If you already know where you're moving, consider buying a storage unit to temporarily house items you don't need daily.

If you plan to list your house for sale by owner or through a real estate agent, you'll also want to take time to clean everything. Make sure minor repairs are completed. To attract interest in your home, make sure your outdoor areas are well-maintained. Tallgrass or unruly flower beds may deter potential buyers.

However, you may not need to make any repairs or touch up any spaces if you plan to sell your home to a home buying company. If you want to save time and get money fast, consider getting a quote from a home buying company in Memphis. 

How to Sell Your House Fast

Once your house is prepared to sell, figure out what method you want to use to sell your house. Below are four different ways you can sell your home, along with some information about the pros and cons of each method.

List "For Sale by Owner"

Sell your home yourself to save money on realtor fees. If you utilize online house selling sites, you can get the word out about the sale. Make sure you take great pictures of every room in the house and include all relevant details.

One of the biggest pros of this method is the money you'll save on realtor fees. You may also be able to negotiate a faster timeline for closing the sale, which is a great plus if you're trying to sell quickly.

The drawback of this method is that you'll need to be comfortable negotiating timelines and going through legal paperwork. You should consult a lawyer to make sure everything is in order.

Hire an Agent

You can hire a real estate agent to help connect you with buyers. One of the major pros of this option is the fact the real estate agent can help you speed up the selling process. They're likely in contact with other agents in the area. This gives them connections to help you sell your home. This method is also good for helping you bring in the most possible money.

The biggest drawback is that your real estate agent gets 3% of the sale price. The buyer real estate agent will also get 3%, meaning 6% of your sale price goes to other people.

Hold an Auction

You can sell your house much faster by selling it at an auction. The speed of this type of transaction is a major benefit to selling this way. If you're facing a deadline and need money fast, an auction may be the right fit.

Auctions come with a major drawback, though: there's a very real possibility that you'll get less money at auction than with any of the other methods.

Sell to a Home Buying Company

If you're trying to balance a fast sale at a good price, selling to a home buying company might be a good fit for you. These companies often offer you a free quote with a cash offer. Be sure to use a company that's accredited by the Better Business Bureau and able to provide you with an obligation-free offer.

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