Every home seller desires a quick property sale, but some need it more urgently than others. If you’re facing foreclosure, have inherited an unwanted property, or are going through a divorce, the mantra ‘sell my house fast for cash‘ is likely pervading your every thought.
The bad news is that most homes for sale in Memphis remain on the market for a median of 56 days. The good news is that there are ways to speed up this drawn-out real estate process.
Selling your home to a cash buyer is the best way to expedite your home sale. Read on for top tips for getting your Memphis home sold fast!
The Memphis Real Estate Market
Memphis is one of the cheapest cities to buy a home, but prices are steadily rising, making this a seller’s market. The city is a top choice for property investors wanting to benefit from affordable pricing and high rental returns, as well as homeowners who seek an affordable cost of living.
These positive aspects of the market won’t necessarily help you sell your home faster, especially if it’s a distressed property. Across the city, developers are enticing homebuyers with homes featuring luxury finishes and all-new construction.
Yet, many investors are still willing to pay cash for homes in any condition.
Who Buys Homes for Cash?
Cash homebuyers come in many guises. These companies and individuals have the funds to skip the tedious mortgage process and facilitate speedy sales.
These are the most common types of cash home buyers:
House Flippers
These companies or individuals buy homes to renovate them and resell them at a profit. They usually buy properties in need of repairs and renovations for a low price.
Individuals
Homebuyers with sufficient cash on hand to purchase a property outright. Most of these buyers can afford to shop around and are likely to hold out for their perfect property before they commit.
iBuyers
These companies arose around 2020 when home sales were at their peak. They offered exclusively online sales focusing on homes in good condition in sought-after areas.
The changing property market has brought ill fortunes to these cash buyers, with many major companies pivoting from this business model in recent times.
Real Estate Teams
These professionals act on behalf of investors in search of well-priced properties. They take their time shopping around to find the best deals for their clients.
Private Investors
Individuals and groups purchase properties intending to profit from them in the long run. They usually have one of three intentions when purchasing a home, i.e.,
- Renting it out
- Flipping it
- Holding it as a long-term investment
Franchise Cash Home Buyers
These long-standing home-buying companies can facilitate sales quickly and efficiently. They’re backed by reputable cash-home-buying firms and will buy properties in any condition.
In most cases, these cash buyers purchase distressed or poorly maintained properties to refurbish them and rent them, so they’re a good option if you want to sell a house as-is.
Use Online Platforms to Connect with Cash Buyers
Nowadays, most real estate transactions originate online, so it makes sense to leverage this tool for a fast home sale. There are several advantages to using online platforms for connecting with buyers:
- Fast cash offers and quick closing times
- Wide network access
- A simple, transparent process
- Low or no fees
- Convenience and flexibility
You can contact these online home buyers directly, but you can also use the internet to market your property to a worldwide audience filled with potential cash investors. A simple online classified ad can make a world of difference; cash buyers regularly search these websites looking for potential investments.
Market Your Property Online for a Fast Home Sale
A seller’s market is a key factor for achieving a fast home sale, but you can help things along with effective marketing and competitive pricing. You don’t need a fancy website to market your property online; you can use social media to good effect.
Try these pointers to gain maximum exposure for your home sale.
Identify and Target Your Audience
Cash buyers are often developers, real estate investors, or individuals seeking quick transactions. Facebook and Instagram offer analytics tools to help you pinpoint interests and behaviors related to real estate investing.
You can use this information to tailor your content and place Facebook ads directed at potential buyers.
Publish High-Quality Visuals Online
Images always attract more attention on the internet. It’s best to use professional photographs to showcase your property in the best light. Virtual tours, drone footage, and video content also work well for marketing property.
Visually appealing content not only attracts buyers’ attention but also encourages sharing among social media users.
Use Clear Calls to Action
You must include contact details in every piece of content you post online. Direct viewers to call you or make inquiries online, and keep a close watch on your pages so you can respond to comments and inquiries.
Engage and Build Relationships
Interacting with your audience is key to keeping interest in your property alive. Respond to every comment, question, and direct message immediately.
Engagement increases your online visibility and increases the chances of the right cash buyer seeing your content.
Get Creative With Valuable Content
Informative content about your local neighborhood can attract potential private cash buyers by helping them to visualize themselves living in the home. Location has always been a key driver of demand in real estate, so advertising nearby sites can help attract buyers eager to shop in sought-after areas.
Join Real Estate Groups
Look for real estate investment groups on Reddit, LinkedIn, and Facebook. These forums attract cash buyers looking for their next investment.
Engage in conversations on these platforms and promote your listing at every opportunity.
Prepare Your Memphis Home for a Fast Cash Sale
While you’re actively marketing your home online, you should take time to prepare your home for potential showings. You can avoid the time and expense involved in major renovations when you sell your home for cash, but there are a few things you should do to make it more appealing to buyers.
These tips will help you improve buyer interest and get an offer faster:
Declutter and Depersonalize
Remove all your personal belongings before you show your home to an investor, and declutter every inch of it. A blank canvas makes it easier for them to visualize how they might transform it and rent or sell it later.
Deep Clean Every Inch
Cleanliness goes a long way toward creating a good impression and creates a sense of value. You should pay particular attention to high-use areas like the kitchen and bathrooms.
Consider a Coat of Paint
Painting is one of the most affordable ways to transform your home. It hides ingrained dirt and gives every room a fresh appeal.
Be sure to use neutral colors when painting a home for sale. A neutral palette has wider appeal than unusual or gaudy colors.
Emphasize Key Rooms
Take time to stage key areas of the home. The kitchen, living room, and master bedroom are most important in this regard.
Use minimal, tasteful furniture and include attractive touches, like flowers. You can borrow or hire furniture if need be.
Amp Up Your Home’s Curb Appeal
First impressions are vital when selling a home. A neatly mown lawn and well-tended garden can do much to impress a cash buyer and put them in a positive frame of mind.
Carry out Minimal Repairs With Maximum Visibility
Although cash buyers often buy homes as-is, it’s worth taking a little time to fix small issues like broken windows or leaky faucets. These buyers calculate the cost of repairs into their offer, so even the smallest fix will impact your sale price.
Sell Your Home to a Cash for Homes Company
The quickest way to sell a home in Memphis is by engaging with a reputable cash home buyer. There are several advantages to choosing this option:
- Fast home sales and short closing times
- Reduced risk of a deal falling through
- Lower holding costs due to a quick turnaround
- Flexibility regarding moving-out dates
- You can sell a home as-is very easily
- Less paperwork and negotiating
If you decide to sell your home this way, it’s imperative to research the buyer beforehand so you know you’re working with an established and reputable entity.
Explore Our ‘Sell My House Fast for Cash‘ Option
Cash home sales are much faster and more convenient than traditional home sales. With a cash sale, you skip all the time-consuming parts of real estate transactions and cut straight to the chase.
We Buy Houses Memphis has perfected the art of the simple, satisfying cash home sale. We are part of the successful, legitimate, and proven We Buy Houses franchise with many satisfied customers across the United States.
Our easy, four-step process has facilitated hundreds of successful sales-all it takes is five minutes of your time on our website or a quick phone call. Quiet your internal ‘sell my house fast for cash’ dialogue for good;fill out our online form, and we’ll get back to you with a fair offer for your Memphis home.
