Regardless of the nomenclature that has been attributed to us over the years: iBuyers, house flippers, our duty remains unchanged, we buy houses in Anaheim, CA. Our mode of investment is a lifesaver to all parties concerned, however, there are times that homeowners look for ways to sell their properties beyond the cash for homes in Anaheim. The real estate market is not known to be one with restrictions, it gives you room to explore several options. How do I sell my house in Anaheim? Read on to discover some of the easiest ways to sell your house fast in Anaheim.
Selling by Auction
Do you know you can buy and sell in Anaheim, via auctions? In simple terms, an auction is a remote sale often held at a specific place, date, and time. Auctions usually come off the back of a marketing campaign. Real estate auctions are usually conducted by licensed agents, otherwise, you are at the risk of being in one of those movie scenes where cops burst in on illegal auctions of artifacts.
You are probably saying to yourself right now, I want to sell my house in Anaheim, but I don’t want to end behind bars. Your worries are alleviated once the agent conducting the auction is licensed. Furthermore, there are strict rules and regulations to guide the entire process, although differences could exist between states and territories.
How do auctions make selling my house fast in Anaheim, CA? Naturally, an auction creates a sense of urgency because there is a specific time a buyer must act or they miss out on the house. Another benefit of an auction is it gives you the chance of closing the deal with the highest possible price. Since several buyers are present at the same time and it’s a battle of who desires to be the owner of the house most.
There is no price limit with auctions, just a minimum amount that you must be prepared to sell for. You get to decide the reserve price alongside your agent but it must be a carefully selected price. It must be based on buyer feedback obtained by your agent during the marketing campaign. This way you are aware of the number of interested buyers and reactions to the quoted price.
If you need to sell a home in Anaheim quickly, by auction, you must be able to generate strong buyer interest in little time. Marketing for auctioned properties is usually more focused and relatively expensive. Set a date, have the buyers fight for their desires, and watch as just one person will become the eventual winner.
Once the hammer falls and the property is sold, closing is quickly processed. Home inspections and every other aspect of the finances are settled. Before you decide to sell a property via auction, ensure it is in near perfection state in and out. Zero flaws to be exposed at inspection otherwise you will delay closing. The stronger the marketing campaign the higher your chance of selling the property.
Selling by Private Treaty
Although similar to an auction, here you are the all-supreme! Because you set the price tag to put on the property for sale and have your agent negotiate with every interested party. This way you are trying to find a willing buyer who will meet your designated price or make an offer as close to it as possible.
Now is not the time to make an irrational decision about price, ask your agent for guidance. Real estate agents are experts in Anaheim and have a clear understanding of the demographics, market trends, and pricing value. All this knowledge helps them set a realistic price for your property.
That you are setting the price, gives you greater control and enough time to consider different offers from the agent’s feedback. You also have the ability to extend the time the property is listed on the market (which often translates to more potential purchasers).
In general, you can have a bit of back-and-forth negotiation with buyers till you find an agreement. Private treaty sales have a cooling-off period of 5 days within which a buyer can withdraw from the sale. After the cooling-off period, the buyer may request inspection, after which closing is approached.
Sale by Expressions of Interest (EOI)
We buy houses for cash in Anaheim, CA, and the purchase process is somewhat similar to EOI. Sale by Expressions of Interest (EOI) is when you invite buyers to submit an offer on your property in writing by a specified time and date. Potential buyers put forward their best offers and you get to accept which of the offers you want.
The timeframe for Selling by EOI is generally between 4-6 weeks. So you must take the necessary steps of promoting your property and do it effectively ensuring buyers have enough time to look through the property.
Some of the things you should look out for in the offers submitted are
- Price they are willing to pay,
- settlement dates,
- finance conditions,
- and inclusion and exclusions of the sale.
Usually, vendors review the offers at the end of the sale period. Choose the expression of interest that suits you the most and if you cannot find an acceptable offer, list the property for auction or call another EOI.
The downside to some of these methods of selling your house is that your house must be in a near perfection state. This usually means you incur extra costs in repairs/maintenance/upgrades just to get the house market-worthy. We buy houses in any condition in Anaheim, CA, and can buy your property off the market if you cannot seem to find a buyer. Ready to sell your house in Anaheim? Don’t make the decisions alone except you are experienced in navigating the real estate market. Hire a real estate agent today, someone, who has a better understanding of where your house stands in the current market today. This way you have an opportunity to discuss what the best sales method for your house is.