Sell My House Fast - GSAP: Buyer-seller agreement fall-out causes

 

Why do regular buyer-seller agreements fail?

Many home sellers often themselves at the mercy of a failed agreement wherein they backed out due to unavoidable reasons. This falling out can be very stressful for the seller. Sell My House Fast - GSAP lists the various reasons buyers renege on their contracts, and home sellers struggle with closing their deals. 

• Job loss or business troubles

Suppose a buyer loses the job or experiences business losses despite the agreement. A loss of steady income makes it impossible to take up debt. Even in the face of paying the penalty or forfeiting their money, buyers may decide to back out from a long-term commitment of a mortgage. This is likely to disrupt a home seller's long-term plans or put them under financial stress.

• Mortgage ineligibility

A pre-approved mortgage can be rejected at the last moment for various reasons. From changes in the applicant's credit history or employment situation to the lender rejecting the home appraisal, buyers can become ineligible for a mortgage that leads to them backing out of the contract. Often, the agreements include a financing contingency clause that allows a buyer to walk away from the deal without any losses before the contingency’s expiration date. Again, the home seller is stranded with the failure of an agreement, a pressing need to sell the house, and yet on another search for a buyer.

• The buyer fails to sell the old home. 

More often than not, a buyer may have signed a contract with a seller based on another deal. This deal could be selling the old house to buy a new one. When the buyer’s agreement to sell the old house fails, they are unable and unwilling to invest in a new home. A contingency clause may allow the buyer to back out, allowing the seller to keep the house on the market and opt-out in case of a more appealing offer. 

• Buyer finds a better option.

Buyers have been known to continue looking for a better house even after committing to a home seller. In a scenario where the buyer finds another place that fits their dream house picture better, they may choose to walk out of the deal. This can prove stressful for a home seller.

• A failed inspection

In the absence of absolute transparency, the seller may lose out on the deal when property damages or flaws that can impact the property's future value show up during inspection. The buyer can withdraw the offer, and a lender can reject a mortgage upon the review of the house.

Sell My House Fast - GSAP will inspect the house and make a cash offer within 24 hours, irrespective of the house condition.

• Failure to fulfill the repair commitments 

Older homes will usually have flaws that a buyer may want the seller to repair. As a part of the agreement, the seller may need to fix certain defects and damages in the house before the contingency date. When the seller fails to do so, the buyer has the right to back out without any losses. 

Sell My House Fast - GSAP does not require the seller to do any repairs at all!

In scenarios where the buyer cannot buy the house, where does that leave the home seller? Sell My House Fast - GSAP enables home sellers to sell their homes for cash fast and with minimum hassle.

Why Sell My House Fast - GSAP?

Sell My House Fast in Greenville, Spartanburg, Anderson, and Pickens makes home selling more accessible than ever before. The company buys the home fast, renovates it, and sells it. By eliminating the intermediaries such as agents, banks, and inspections, the company saves the home sellers a lot of money and hassle. Homesellers can receive “cash for your house” offer swiftly by following three simple steps:

1. Fill out the form - the home sellers can request their cash offer by filling out the form with contact information or directly calling the team.
2. Receive cash offer - the company will schedule a property viewing and make a fair, no-obligation offer, all-cash offer within 24 hours.
3. Choose closing date - Within 14 days of accepting the offer, the company can close escrow and transfer the money to the home seller.

To sell your house fast, call Sell My House Fast - GSAP at (864) 428-9197 or email at myles@sellyourhomeupstate.com.

The usual steps that homeowners need to follow to sell their homes

 8 Steps to Sell a House

Every homeowner has a multitude of memories attached to a home. But when it’s time to sell the house for practical or personal reasons, there are a vast number of tasks a homeowner will need to navigate through for a successful sale. Sell My House Fast - GSAP shares the usual steps home sellers can follow for a successful home selling experience. 

1. Investigate the home’s worth

An overpriced house can defeat a home seller's efforts to sell. By keeping the home price in line with the homes that have been sold in the area, which can be identified in comparative market analysis, home sellers can have higher chances of success. Homesellers must also account for home value's ‘art’ and science. Additionally, home sellers must have insight into the market - whether hot, cold, neutral, rollers or a buyer’s market. Calculate the home equity estimate of the net proceeds and begin.

2. Choose a listing agent

Homesellers can interview multiple listing agents representing them and have a fiduciary responsibility to look out for their best interests. Hiring based on relevant experience is ideal.

3. Prepare the home for sale

Deep clean all the rooms, declutter the house and improve the curb appeal. A professional stager can be hired to stage a home for showings, or the real estate agent can offer some help or ideas. However, home sellers must make advisable repairs and avoid unnecessary upgrades. Clicking high-quality real estate photos for the listing usually helps.

4. Market the house

Firstly, home sellers can identify the selling points of the house. After that, they can approve the agent's marketing campaign or advertise at the home sale themselves. Listings can be posted online as well for better effectiveness. High-quality house photographs can be posted on the net and social media for better reach. 

5. Show the house

Using a lockbox or keypad can allow agents to show the house quickly. If appointments are a must, home sellers should be flexible as many buyers may want to see the home on weeknights (after work) and all across the weekend. Be accommodating.

An open house is another approach but must be sparingly used. Asking for buyer feedback can help a home seller adjust the price, condition, or marketing campaign accordingly.

6. Consider all offers and negotiate

When a house is priced right, the offers will flow in. Even if an offer seems too low, negotiate by making a counteroffer. A competitive price offer backed by comparable sales data and market conditions would be advised. Review all the request (s) and pick the best one.

7. Negotiate repair requests

An older home will always have flaws that a buyer may request a correction. Home sellers don’t have to accept a buyer's repair request to make repairs, but buyers may back out of the deal or accept a closing cost credit instead of an actual repair. This credit will lower the sales price, giving the buyers cash to make the repairs on their own once they assume ownership.

8. Close the deal and move out

The listing agent or transaction coordinator will open escrow and order a title policy for the home seller. Choose a date to close based on when the buyer's loan will be funded. Review the settlement statement, receive the home sale proceeds, determine sales taxes owed, transfer utilities, change the address, forward the mail, and move out.

No time to hire a listing agent? Don’t want to do any repairs? Don’t have enough time to market the house? Looking for a quick cash offer? Sell My House Fast - GSAP can help homeowners sell their homes quickly for cash. 

Why Sell My House Fast - GSAP?

Sell My House Fast in Greenville, Spartanburg, Anderson, and Pickens makes home selling more accessible than ever before. The company buys the home fast, renovates it, and sells it. By eliminating the intermediaries such as agents, banks, and inspections, the company saves the home sellers a lot of money and hassle. Homesellers can receive a “cash for your house” offer swiftly by following three simple steps:

1. Fill out the form - the home sellers can request their cash offer by filling out the form with contact information or directly calling the team.
2. Receive cash offer - the company will schedule a property viewing and make a fair, no-obligation offer, all-cash offer within 24 hours.
3. Choose closing date - Within 14 days of accepting the offer, the company can close escrow and transfer the money to the home seller.

To sell your house fast, call Sell My House Fast - GSAP at (864) 428-9197 or email at myles@sellyourhomeupstate.com.

GSAP reveals the holding costs that home sellers must be aware of

 Don’t forget the holding costs as you wait for your home sale to go through via real estate agents

Greenville, United States - March 14, 2022 /Sell My House Fast Greenville -Spartanburg-Anderson-Pickens/

Calculating holding costs for home sellers in Greenville

All set to sell that property in Greenville? Listed the property on the market the old-fashioned way? Now waiting for the right offer to come by? Is the waiting cost eating up the profits from a potential sale that is yet to happen? Home sellers must take a look at their holding costs while they wait for the perfect offer to come along. Is it worth the economic impact? Sell My House Fast - GSAP, one of the cash home buyers in Greenville, discusses holding costs that often cost home sellers more than they bargained for.

Holding costs refer to the outgoings and expenses incurred by an owner pending the proceeds on the sale of the property to another party. These costs are often not evident but are an inherent part of investing. 

These holding costs can include the following elements that home sellers must be aware of as they set out to sell their property: 

1. Price drops

When a listing remains active too long, real estate agents begin lowering the sale price to attract buyers. Home sellers may begin with an asking price that is in tandem with the market trends and area sale prices, but the uncertainty on the closing date changes the game completely. A home that is not selling for long periods may stack up huge holding costs, thereby reducing the profits even at the original asking price. In case the home seller is forced to reduce the asking price to align with the new market price, the profits will naturally drop further. 

2. Utilities

Home sellers who have moved out of the house may be tempted to cut off the utilities to save holding costs. This is not advised as this could probably cost a home seller a deal during the showing stage. Any potential buyer would want to test the functionality of the heating and lights during the inspection. Home sellers may save a few hundred dollars per month by cutting off utilities but lose thousands in trying to gear up the house with heating and light during inspection. 

3. Taxes

Until the papers are signed the house tax obligation lies with the home sellers. Depending on the size and location of the property, home sellers who are awaiting the right offer have to pay probably thousands in property taxes. Home sellers who have already moved to another house may have to evaluate if they can afford the taxes of two houses. This may create financial stress and require a home seller to consider other selling options such as cash offers to escape the heavy property tax.

4. Routine maintenance and surprise repairs

It takes a couple of months and a few staging events to get a potential buyer to make an offer. While this process continues, the home demands maintenance in terms of light fixtures, lawn maintenance, a/c filters, and other unexpected repairs. Home sellers must keep an eye on the expenses they are incurring while they await a traditional sale to go through. Maintaining a home costs a precious penny. Home sellers must calculate if maintaining an unoccupied house that is taking time to get off the market is worth the dent in their accounts.   

5. Insurance

A home without insurance is a sitting duck. But paying hefty insurance for a home that is awaiting sale can really pinch. Therefore, home sellers need to decide if they want to expend huge holding costs such as insurance as they wait for their real estate agents to get them a good deal. Is it really a good deal in the end? 

6. Landscaping

When seeking the best offer on the Greenville market, the curb appeal has to match those standards. Home sellers must maximize their curb appeal as they stage their home for buyers who will make a great offer. This may require hiring a professional landscaping expert who will cost time and money. This is another holding cost that home sellers must be discerning about.

Other holding costs may or may not include HOA fees if the home sellers reside in a private community; property management fees in case the home seller has delegated the home selling task to another entity and; costs associated with a property management company that checks up on the house if the home seller is residing out of town. 

All these holding costs together can cost a home seller a small fortune. The question is is this fortune worth the wait to get the right buyer via the listing method? Is the final sale price minus the holding costs going to make a home seller happy? Probably not.

Home sellers who understand these holding costs may want to make a wiser decision and sell their house for cash fast. Sell my House Fast - GSAP buys homes for cash and closes the deal within 2 weeks, unlike the traditional sales. 

Why Sell My House Fast - GSAP?

Sell My House Fast in Greenville, Spartanburg, Anderson, and Pickens makes home selling easier than ever before. The company buys the home fast, renovates it, and sells it. By eliminating the middlemen such as agents, banks, and inspections, the company saves the home sellers a lot of money and hassle. Home sellers can receive “cash for your house” offer swiftly by following 3 simple steps:

1. Fill out the form - the home sellers can request their cash offer by filling out the form with contact information or directly calling the team.
2. Receive cash offer - the company will schedule a property viewing and make a fair, no-obligation offer, all-cash offer within 24 hours.
3. Choose closing date - Within 14 days of accepting the offer, the company can close escrow and transfer the money to the home seller.

To sell your house fast, call Sell My House Fast - GSAP at (864) 428-9197 or email at myles@sellyourhomeupstate.com. 

GSAP shares 5 situations that call for selling your house for cash

 5 big situations in which home sellers should choose direct cash sale instead of real estate agents

Greenville, United States - March 14, 2022 /Sell My House Fast Greenville -Spartanburg-Anderson-Pickens/

5 reasons why you should avoid selling through traditional listings 

Home sellers have been selling their Greenville homes through traditional listings. However, not every home seller's situation is the same. Therefore it is wise to choose a selling method that helps a home seller make the most of their home sale. Sell My House Fast - GSAP, a cash buyer in Greenville has discussed the various situations below where home sellers should steer away from real estate listings or independent sales and opt for a quick cash sale instead.

1. Seller wants to save the commission

Hiring a real estate agent entails a commission that a home seller may or may not be willing to spare. So instead, home sellers decide to sell as an FSBO (for sale by owner), which often leads them into an expensive situation due to several missteps.

When the home seller is unwilling to part with a commission, they must seek out a reliable cash buyer such as Sell My House Fast - GSAP to sell their home without paying exorbitant commissions.

2. They are short of time

Home sellers who are in a rush to sell their homes would be wasting their precious time with real estate agents or FSBO as these methods take a lot of time that is spent on staging, negotiating, repairing, awaiting mortgage approvals, and so on. A home seller who needs to move out swiftly to another location for a job for instance would not want to pay for the mortgage, taxes, utilities, and maintenance of two homes. Therefore, it would make sense in this situation to quickly find a reliable cash buyer such as Sell My House Fast - GSAP who can help “sell your house fast.”

3. They don’t want any showings 

Many home sellers are averse to the idea of showing much less staging. An absolute stranger like a real estate agent or a potential buyer barging in a home to inspect the house not only threatens privacy and comfort but considering current situations is a health concern as well. When home sellers are uncomfortable or closed to the idea of showings, a real estate agent or an independent sale just doesn't make sense. A direct buyer like Sell My House Fast - GSAP does not require multiple showings or inspections. All a home seller needs to do is fill out a form and receive a cash offer in less than 24 hours.

4. Saving money is a priority

Staging can be an elaborate and expensive affair. From appraisers and photographers to drone pilots and professional stagers, staging along with the real estate listings costs can rocket sky high. Home sellers who decide to manage the staging process themselves have usually been found wanting in their presentation due to a lack of experience and resources. Home sellers who’d rather save this money can steer clear of real estate agents and choose a cash buyer who does not require elaborate stagings or multiple showings before making an offer that is fair and quick, minus any hassles.

5. No repairs

More often than not, potential buyers place a clause in the buyer-seller agreement that requires the seller to repair certain damaged areas. A home seller may not be willing or able to make these repairs. Additionally, most buyers are unable to see the value of a home beyond the peeling wallpaper or worn-out carpets. Home sellers who are not interested in spending on repairs must seek out a cash buyer like Sell My House Fast - GSAP that buys a house as-is. No repairs, no unnecessary pressure.

Why Sell My House Fast - GSAP?

Sell My House Fast in Greenville, Spartanburg, Anderson, and Pickens makes home selling easier than ever before. The company buys the home fast, renovates it, and sells it. By eliminating the middlemen such as agents, banks, and inspections, the company saves the home sellers a lot of money and hassle. Homesellers can receive “cash for your house” offer swiftly by following 3 simple steps:

1. Fill out the form - the home sellers can request their cash offer by filling out the form with contact information or directly calling the team.
2. Receive cash offer - the company will schedule a property viewing and make a fair, no-obligation offer, all-cash offer within 24 hours.
3. Choose closing date - Within 14 days of accepting the offer, the company can close escrow and transfer the money to the home seller.

To sell your house fast, call Sell My House Fast - GSAP at (864) 428-9197 or email at myles@sellyourhomeupstate.com

GSAP shares how home selling has evolved in the Greenville real estate market

 GSAP: What are the smart ways homeowners are using to sell their homes in Greenville

Greenville, United States - March 14, 2022 /Sell My House Fast Greenville -Spartanburg-Anderson-Pickens/

Smart strategies to sell your home at the best prices

Selling a home has become more methodical with the advent of technology. As buyers and sellers remain up to date about the working of the real estate market, the ways of selling and buying have evolved. What are the most relevant changes that are impacting the way home sellers are selling their homes today? Sell My House Fast - GSAP, a cash buyer in Greenville, shares the various strategies home sellers can adopt as they decide to sell their home via listings, independently or directly to an investor. 

Greenville’s real estate market

Greenville ranks among the nation’s top 10 hottest housing markets for 2022, with home prices projected to grow by 6% and sales volumes increasing by 11%. Low-income taxes and property taxes, along with small-town living and great weather, have made Greenville very popular among investors.

5 smart ways to sell your home in Greenville

1. Accurate pricing

Technology has changed the way sellers and buyers operate in the Greenville market. As the real estate market is known to change at lightning speeds, sellers need to be on point with their listing price. Gone are the days when sellers could post higher prices and expect a buyer to negotiate with them or make a counteroffer. Today, buyers are tech-savvy and will quickly investigate the right market price of homes in a certain area. They will simply move on to the next listing that is on the dot in terms of pricing. 

Therefore, it’s important to be aware of the sale prices in an area before posting a listing price.

Not only will this ensure potential buyers don’t pass by the listing but will also make sure that the house is not on the market for too long, which can impact the final sales price.

2. Conduct pre-inspection

No one wants a potential buyer to walk away from a deal due to failed inspection. And no one wants to be in a weakened negotiating position due to a poor inspection report, for sure. So what are home sellers in Greenville doing to ensure they don’t lose deals during inspections? They get a pre-inspection done. This enables the home seller to choose whether they want to list a price minus the expected repair costs or they want to invest in the repairs. This information allows the seller to have more control over the inspection contingency in traditional home sales.

3. Follow new showing rules

Two things have crept into the showings protocol in Greenville. One of the changes arises from the need to expose the house only to serious buyers who have pre-approved financing. This helps avoid unnecessary showings that lead to a waste of time and energy. Secondly, the health concerns over the last two years have instigated the policy of “no-touch” during tours. Potential buyers are requested to avoid touching surfaces unnecessarily to avoid the spread of infections. Moreover, the increasing adoption of technology and prevalence of health concerns has increased the popularity of virtual home tours using professional drone pilots and 360-degree videography.

4. Better marketing 

Selling a house in Greenville for the best price requires smart marketing strategies. A successful marketing campaign must showcase the best features of houses in their best light. This may require homeowners to repair worn-out areas and hire a professional photographer to take some aesthetically appealing pictures in high resolution. This staging strategy is something many real estate agents swear by. This, however, requires a substantial amount of money, time, and effort.

5. Sell to professional investors

Real estate agents have been spearheading the real estate market for ages but home sellers have the option of selling their homes to professional investors directly. What does this entail? No middlemen, no commissions, no repairs, no stagings, no expenditures, no holding costs. Greenville residents can simply opt for quick cash offers and expect a swift closing from reliable and professional cash buyers such as Sell My House Fast - GSAP. 

Why Sell My House Fast - GSAP?

Sell My House Fast in Greenville, Spartanburg, Anderson, and Pickens makes home selling easier than ever before. The company buys the home fast, renovates it, and sells it. By eliminating the middlemen such as agents, banks, and inspections, the company saves the home sellers a lot of money and hassle. Homesellers can receive “cash for your house” offer swiftly by following 3 simple steps:

1. Fill out the form - the home sellers can request their cash offer by filling out the form with contact information or directly calling the team.
2. Receive cash offer - the company will schedule a property viewing and make a fair, no-obligation offer, all-cash offer within 24 hours.
3. Choose closing date - Within 14 days of accepting the offer, the company can close escrow and transfer the money to the home seller.

To sell your house fast, call Sell My House Fast GSAP at (864) 428-9197 or email at myles@sellyourhomeupstate.com

GSAP shares how home selling has evolved in the Greenville real estate market, Images, 11-03-22

 

GSAP shares 5 situations that call for selling your house for cash, Images, 11-03-22

 

GSAP reveals the holding costs that home sellers must be aware of, Images, 11-03-22

 

The Benefits of Selling Your House for Cash

The Benefits of Selling Your House for Cash

Selling a house can be a stressful and financially taxing experience for a home seller. From deals falling through and having to re-list a house to challenging contingencies and massive paperwork, selling a home is not easy. Sell My House Fast - GSAP shares why accepting a cash offer for a home can make life easy.

 

1. Swift closing

Selling a home through a listing agent or oneself is a tedious and taxing process. Usually, a sale takes more than a month to go through, especially when a lender is involved,

A cash offer sale can be closed within two weeks! Home sellers can move out quickly into their new homes with a faster closing period. So home sellers who are looking to move out soon for personal or logistical reasons or need cash quickly can look into cash offers by companies such as Sell My House Fast - GSAP. 

2. Fewer Fees

Buying and selling a house is accompanied by considerable expenses. With an all-cash offer, sellers can get rid of some items from the usual long list of fees.

The fees related to lenders, mortgages, and real estate agents are eliminated with a cash offer. Since the buyer will not be dealing with a lender, the home seller does not need to waste time on a mortgage approval or documentation. 

3. Less effort

A traditional home selling process involves lenders and mortgages. This means longer turn-around time with more paperwork, more people to negotiate and interact with, repair requests, and other variable factors to consider.

The most significant savings in terms of time and money are repair costs. Cash buyers are often real estate investors who repair and renovate the house and rent or sell them further. This allows home sellers to avoid the repair costs and the time delay. 

4. No marketing

Home sellers don’t need to market their homes. All they need to do is find the right cash buyer for their homes. There are several platforms to find a buyer for a home, from innovative real estate companies to savvy real estate individuals. Just make sure to settle for a fair price for the house.

5. No elaborate showings

The traditional selling method requires home sellers to stage the house for several showings. The effort to make the house look perfect and take care of repairs that cost a lot can be eliminated with cash buyers. The stress of the showings can be avoided entirely. Some cash buyers may want to look through the basics of the home, but it wouldn’t be a staging event. 

6. No lending issues

A deal will likely fall through if a buyer’s mortgage is canceled or disapproved. Most buyers cannot afford to purchase a house without financial assistance. However, buyers who are offering all cash already have the money, so they don’t need lenders. Therefore such deals are most certainly going to get closed swiftly. 

With these numerous benefits, it is evident that cash offers make home selling easy, fast, and cheap. And most importantly, stress-free. Homesellers looking for quick cash offers can reach out to Sell My House Fast - GSAP and make their home selling project a breeze.

Why Sell My House Fast - GSAP?

Sell My House Fast in Greenville, Spartanburg, Anderson, and Pickens makes home selling more accessible than ever before. The company buys the home fast, renovates it, and sells it. By eliminating the intermediaries such as agents, banks, and inspections, the company saves the home sellers a lot of money and hassle. Homesellers can receive a “cash for your house” offer swiftly by following three simple steps:

1. Fill out the form - the home sellers can request their cash offer by filling out the form with contact information or directly calling the team.
2. Receive cash offer - the company will schedule a property viewing and make a fair, no-obligation offer, all-cash offer within 24 hours.
3. Choose closing date - Within 14 days of accepting the offer, the company can close escrow and transfer the money to the home seller.

To sell your house fast, call Sell My House Fast - GSAP at (864) 428-9197 or email at myles@sellyourhomeupstate.com.