Selling your home can be challenging and time-consuming. This is especially true if this is your first time selling a home. You may have to spend money on repairs and tolerate potential buyers invading your privacy and criticizing your home. Realtors can be expensive, and the process can take longer than you want. If you are looking to sell your home quickly, here are some unconventional ways to make the sale:
1. Sell It to Cash Home Buyers
One of the fastest and most convenient ways to sell your home is to work directly with a cash home buyer like Sell House Fast MKE. These buyers specialize in purchasing properties quickly, often paying in full without relying on traditional financing. In fact, nearly 40% of all real estate transactions in the U.S. are completed using cash, which shows just how common and effective this method is.
By choosing a cash home buyer, you can avoid many of the time-consuming and costly hurdles of a traditional sale, such as:
- Mortgage underwriting delays
- Home inspections and appraisals
- Realtor commissions and closing costs
- Unexpected fees or contract contingencies
The process is simple and direct. Instead of dealing with agents or multiple middlemen, the buyer contacts you directly, makes an offer, and can often close in less than a week. Cash home buyers also handle the paperwork and coordinate the closing, so all you need to do is arrive on the scheduled date, review the documents, and sign the agreement.
For homeowners who want speed, certainty, and simplicity, selling to a cash buyer can be the ideal solution.
Best Situations for Selling to Cash Home Buyers
Selling to a cash buyer is particularly helpful if you’re dealing with:
- Foreclosure risk and need a fast way to settle your mortgage.
- Inherited property you don’t want to maintain or manage.
- Major repairs that you can’t afford or don’t want to invest in.
- Relocating quickly for work, family, or personal reasons.
- Divorce or financial hardship where a fast, clean sale is critical.
We Buy Houses in the Following Areas
2. Reduce Your Asking Price
If you need to sell your home quickly, one of the most effective strategies is to lower your asking price. While it may feel like a tough decision, pricing is often the single most powerful factor that influences how fast a property sells. A competitive price can attract buyers immediately and help you stand out in a crowded or slow-moving market.
There are many reasons a home might linger unsold:
- Location challenges, such as being near busy roads or far from amenities.
- Volatile market conditions where buyer demand is low.
- Outdated features or deferred maintenance make the property less appealing compared to others on the market.
In these situations, a price reduction can generate new interest and re-engage buyers who may have previously overlooked the listing. Even a modest decrease can bring your home within reach of a wider pool of buyers.
Tips for Adjusting Your Asking Price Strategically
- Research local comps: Review recent sales of similar homes in your area to determine a realistic price range.
- Work with a professional: A real estate agent or appraiser can provide guidance on the right level of reduction without underselling.
- Consider gradual drops: Instead of one drastic cut, smaller reductions can help keep your listing fresh and visible.
- Balance speed and value: While lowering the price speeds up a sale, make sure it still aligns with your financial goals.
At the end of the day, no matter the market conditions or property features, price remains the most decisive factor in selling a home. A well-priced property will always capture attention and attract buyers.
3. Transfer Your Mortgage to Someone Else
Another option to sell your home quickly is to transfer your existing mortgage to the buyer, a process known as a mortgage assumption. While not always available, this approach can be a lifeline in situations where selling through traditional means isn’t working.
For this to be possible, your loan must be assumable, meaning the terms of the mortgage allow it to be legally transferred to another party. Not all loans qualify—conventional mortgages often don’t, while certain government-backed loans, such as FHA, VA, and USDA loans, may permit it.
If your mortgage is assumable, the buyer must still meet the lender’s qualifications, including creditworthiness and income requirements. Once approved, the buyer takes over the existing loan, often at the same interest rate and repayment schedule, which can be especially attractive if your mortgage has more favorable terms than current market rates.
When a Mortgage Transfer Makes Sense
- Rising interest rates: Buyers may prefer to assume your loan if your rate is significantly lower than what’s currently available.
- Financial hardship: Sellers facing foreclosure or struggling with payments may use this option to avoid default.
- Unique buyer-seller arrangements: Family members or close acquaintances sometimes use mortgage assumptions for smoother, lower-cost transfers.
Keep in mind that lenders must approve the transfer, and there may be administrative fees involved. Still, for the right buyer and seller, mortgage assumption can offer a faster, simpler path to completing the sale.
The Fastest Path Forward
Selling a home doesn’t have to be stressful, and it certainly doesn’t have to drag on for months. Whether you reduce your asking price, explore a mortgage transfer, or work with cash home buyers, there are practical options available to help you close quickly. The right choice depends on your circumstances, but if speed, certainty, and simplicity are your top priorities, selling directly to a cash buyer is often the fastest and most reliable solution.
At Sell House Fast MKE, we specialize in buying homes quickly and hassle-free. You don’t need to spend money on repairs, worry about commissions, or wait for traditional financing to clear. We buy houses in any condition and can close in as little as seven days.
Take control of your timeline and sell your home on your terms. Call us today at 414-488-0081 for a free, no-obligation cash offer, and discover just how easy it can be to sell your house fast.