Two of the best ways to sell your home fast is to auction your home or sell your home to a cash home buyers agency. But which one is better? Let’s look at the pros and cons to help you make the best decision for your property!
Pros and cons of auctioning your home
First, let’s start with the good stuff! Auctioning your home is:
- Chain-free – Buyers have to prove that they have the funds before they can purchase a property at auction, so you don’t have to worry about the sale falling through because the buyer is denied a mortgage or can’t raise the money.
- Fast – The purchase from the time the auction bid is accepted takes about 28 days, which is much faster than selling through a real estate agent.
- Security – When a bid is accepted, the bidder MUST follow through with the purchase as backing out will cause them to face financial and legal penalties.
So, what are the potential negatives of auctioning your home?
- Price uncertainty – You never know exactly what your house will sell for. You can set a minimum reserve price, but you won’t know until the day how much more you will get above that reserve. And you must also remember that you’ll have to pay a fee to the auctioning company for this service, which can be a percentage of your home’s sale price, which means you go home with less money.
- No guaranteed sale – You may not sell your home at all if no one is prepared to bid on it or the reserve is too high. You may have to go through the auction process multiple times before you find the right bidder, which can make the time it takes to sell your home longer and longer.
- Not preferred by buyers – Many buyers prefer to buy a home outside of an auction, and it’s not a common practice for everyday buyers to visit property auctions. This makes it more challenging to find the right buyer for your property.
- Sales are final – You don’t get to accept the sale price or negotiate it higher – even if it’s just one dollar over the reserve, the bid is automatically accepted and legally-binding, which means you don’t have any control over accepting offers.
Pros and cons of selling your home to a cash home buyers agency
Let’s look at why so many people are choosing to sell their homes to a cash home buyers agency rather than auctioning it.
- It’s MUCH faster – Auctions may be fast in some cases, but with us you can sell your home in 24 hours, which is far, far faster than any auction can accomplish. This is especially important if you want to get out of foreclosure, are settling your divorce, or are moving soon.
- It’s safe – When you use a reputable agency, you get a professional, guaranteed service that is ethical and reliable. Because you are selling your home to a business, we have the funds to buy it almost immediately, so there’s no waiting for mortgage applications to be accepted or worrying that a sale may fall through. It is the most secure and reliable way to sell your home.
- It’s affordable – Selling to cash home buyers WON’T COST YOU A CENT. In an auction, you’ll have to pay a portion of your sale to the auction company – but we don’t charge you anything. There’s no commission or marketing fees to be paid, just money in your pocket.
- No costly repairs or property improvements – When you are auctioning your home, you may still have to fix it up and improve it to make it more attractive to buyers. But there’s no need to lift a finger when you sell to cash home buyers. We buy your house sight unseen, whether it’s a cared-for family home, a teardown, or anything in between. That means you don’t have to pay for or manage repairs, which means you get more money when you sell.
Our Fort Worth cash home buyers agency will buy your home in 24 hours!
When you want to sell your home for cash and without spending more money on repairs or paying real estate agent fees, there’s no one better than Shiny Key Properties! Our Fort Worth cash home buyers purchase homes in any condition, at any time of year, from well-kept family homes to teardowns. If you want to sell your home as is and move to Fort Worth without having to look for a buyer, deal with a real estate agent and pay their commission, or even empty the home, then the best option is to sell directly to our cash for homes agency. We price your home according to the market, so you get a fair deal in record time, and we can even help you get out of foreclosure quickly!
When you want to sell your home if it’s damaged, in foreclosure or because you simply want to sell, we will buy your home fast, putting a lump sum into your account in a matter of days.
Here’s how our process works:
- You enter your information on our website. We’ll contact you directly to discuss an offer for your home (you can also get a free home evaluation from our website)
- You can accept or reject the FREE NO-OBLIGATION offer
- Cash will be deposited into your bank account – with no real estate agent fees or realtor fees
- We can handle all aspects of the process, including clearing out the home
- You can also call us directly on 469-858-0088
That’s all there is to it!
Our team is compassionate and highly motivated to offer you the best possible market-related price for your home, so you can sell your home fast. Not only does this cash go straight into your bank account as soon as the sale goes through, but you also pay no real estate agent fees or commission. It’s the best way to sell your home as is.