Ways to sell in days.

Here are ways to sell your house in days.

1.  Special Report: Ways to sell in days.

1.1  Sell to a cash buyer.

The most ideal way to sell your house is probably to sell to a cash buyer investor, or other individual who can buy your house outright for cash. This may be the fastest and most trouble free method. In order to close quickly, the investor may have to be willing to forgo getting a title policy, which will not be a popular move with many buyers. If you have enough time available then it is possible for a limited amount of title companies to issue a policy in a few days. That would however, be an unusually short time period.

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1.2  Sell to a hard money loan investor buyer.

Another way to sell quickly is to an investor with a hard money loan lender, which is a kind of private financing. A hard money lender is a private lending company, with access to private funds. This is the most common form of purchase for ugly houses that need to be rehabbed. The condition of these properties makes it difficult to get a new conventional loan and also the short time frame available eliminates the conventional mortgage option. For the seller of the property, they are in effect getting a cash buyer in this scenario, because they will be cashed out at closing by the investor. HML's will also require a Title policy, appraisal and survey. Often the investor will have the right people lined up who can do these jobs quickly, again the time frame to obtain the title insurance policy will be a key factor to being able to close within a few days. Now generally the HML's will typically only loan up to 60% of the After Repair Value (ARV) of the property. To the seller, this means the most you will probably be able to sell your property for under this scenario is, 60% of the after repair value, minus repairs and closing costs.

1.3  Sell Subject-to existing financing.

Another way to sell your house quickly, is to an investor who will buy "subject-to the existing financing". In other words, the investor will assume your financing on the house and will take over your payments. Under these circumstances, the loan will usually stay in your name, but ownership and control of the property will be transferred to the buyer, possibly in the form of a land trust. The investor will then have to bring all the payments current and commit to making timely payments from there on out.

This is one of the fastest ways of selling a property, because waiting for new financing is no longer a factor and it can be a win-win situation for both the seller and buyer. The buyer does not have to spend a lot of time and money obtaining new financing, so they can buy with smaller profit margins than they would be able to under the Cash and Hard Money options. The seller is able to get the house off their hands quickly, by transferring control and ownership of the property. Yes, the seller still has their name on and is still liable for the existing loan, but the right investor can actually help to improve the seller's credit, by making timely payments and showing good credit history for the seller.

1.4  Sell to a short sale buyer.

In the event that you (the seller) have purchased, or refinanced the property in the last few years, you may have little to no equity in the house. This common situation will stop many investors from even making an offer on your house, because they don't believe there is enough equity in the deal to make it work. There are however, investors that specialize in doing short sales. In this scenario, the seller is often several payments behind and may even be close to foreclosure, the seller can also show significant hardships that have led them to being unable to continue making payments on this property. The seller will give the short sale investor a contract to purchase the property, a deed that will might be placed in escrow, power of attorney and a number of other documents that will give them full control of the property. The investor will then present a case to the bank holding the mortgage, that the seller is no longer able to make payments, is having to relinquish control of the property and that the loan on the property must be reduced in order for the investor to purchase the property. These are not called short sales, because it takes a short time, in fact this kind of transaction can take months of waiting and negotiating between the bank and investor.

This has been included as a method to sell your house quickly, because effectively you pass over control of your property to the short sale investor immediately upon signing of the documents. From that time on, it is up to the investor to complete the transaction. Should a bank refuse to accept the investors offer on a short sale, there is no guarantee that the house will not go to foreclosure anyway, but this does provide the seller a "possibility to avoid foreclosure", when all else has failed.

1.5  Sell owner finance.

Among investors if you can sell owner finance this may be their most preferred method of buying a house. When a seller has all, or a lot of equity in their house, they then have the option of financing it to an investor (aka: owner finance). For some sellers it may be more advantageous to receive payments over a period of time with interest, rather than receiving all of the cash at once and needing to find somewhere else to invest it. This is like the seller stepping in as an investor, by keeping their own money invested in the property. They have the comfort of knowing it is well secured and they will receive a reasonable agreed upon rate of return. For the investor, it makes it possible for him to put the property to use quickly, without having to spend additional finances and resources up front. An investor will usually have to rehabilitate and or, repair the property to bring it up to a rent-able condition. This investment helps to secure the sellers position in the property, because the investor now has their own time and money invested as well.

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1.6  Sell on a lease option.

Lease option might be considered when there is not sufficient interest in your house to find an investor who will buy it outright, or even subject-to the existing financing. An investor may sometimes lease option a house, even if their is not a lot of equity available for them, with the interest that the property will appreciate in the future and they may be able to get some cash flow from the property as well. The investor will lease your house, with the option of buying it at a preset price after xx years. His lease will also give him control of the property, the right to sub-lease the house out to whomever they choose. This "sandwich lease" may give the investor some cash flow if they are able to lease the property out for somewhat more than they are leasing it from you. Almost as if you had hired a management company to take over the leasing out of the property, you are not however paying them a set price, but allowing the investor to make whatever they are able to. An investor may even sell the house on a lease option, so at the end of the option period, their buyer buys them out of the property and the investor buys you, the original owner out as well.

1.7  Sell with an equity sharing deal.

Equity sharing might be something to consider if you need to sell fast, but can't find an investor who will buy your house for cash outright. This list is by no means the only method of selling your house, there are many more creative ideas with which you can sell your house. Once you have found the right investor to work with you, they may have plenty of ideas about how they can buy your house. You may also end up using a combination of these strategies. In the event that you have a significant amount of equity in your home, you may not want to sign all of the property over to the investor. You might decide to do a combination of one of the above and an equity, or profit share. The investor might agree to pay you a certain amount of cash and then take over payments on your house for example. If the investor is not prepared to pay you cash up front, they may decide to do a future equity share on the profits. They may also give you a 2nd place lien on the property and agree to make payments on an agreed upon portion of your equity. In any case, if you are a motivated seller, there are many solutions to each problem and the ideal strategy can very greatly from each individual situation. The method that you choose to sell your house, may be limited due to your circumstances and time constraints. The important thing is to explore your options early, as you may have less of them the longer you wait.