Need Money Fast? Consider Selling Your Property

Real estate is a financial asset, and when you need money fast, consider selling your property to liquidate that asset to get the cash you need.

Quite often, property is the largest financial asset that people have. It certainly can be the asset you can turn into cash fastest and with fewer long-term repercussions.

For example, you may have money tucked away into a retirement account. But you’ll face penalties and limits to how much you can withdraw when cashing out those accounts early. You also will have to consider if you have enough time to build those accounts back up for when you’ll need them later.

When selling your property, on the other hand, you’re only limited by what market conditions say is a fair price and/or what someone is willing to offer you. And there are no penalties associated with selling your property “early.”

As you consider selling your property, you have a few options in doing so. Which one you choose often depends on how fast you need the money.

Closing on a Sale with a Mortgage

If your buyer is financing the purchase with a mortgage, it generally will take 30-45 days to close once the offer is accepted and signed. Can you wait that long?

Closing on a Cash Sale

If your buyer is paying cash and is willing to accept the property “as-is” with no repairs necessary, the deal can close in as little as 10 days. Ours often do.

Other Things to Consider

Selling your property for cash also can mean that you don’t have to pay commissions or closing costs. You don’t pay these with our cash offer deals, for example. That’s additional money that you get to keep.

To maximize the money you receive from selling your property, you also need to be sure that your “fair price” offer is based on an analysis of comparable sales. You’re doing this because you need the money, so don’t leave any on the table if you don’t have to.

What to Do Next

If you need money fast and decide to sell your property, we can help. We’re real estate investors, and we have cash to offer people just like you who want to liquidate their asset.We invite you to contact us to discuss your options.