What is the fastest way to sell a house that needs work?
Even though your house may not be at risk of entering foreclosure, you want to move on with your life. When evaluating ways to sell, consider all of the on-market and off-market options.
It can be challenging to sell a house that needs work on the Multiple Listing Service (MLS) because it will likely require updates to fetch a higher asking price. The fastest way to sell a house that needs work is by selling off market. This means selling with a fast cash offer either directly to an investor, iBuyer or using a marketplace like Sundae. In doing so, you’ll be able to save time and money that would’ve otherwise been spent on renovations.
Learn more: How to Sell a House That Needs Work
How long does it take to sell a house in San Diego, California?
Sometimes, traditional real estate agents will suggest that you complete updates in order to get your home into market ready condition before listing. This could take months. Even putting your house on the MLS as-is without repairs doesn’t guarantee a fast sale. Closing times are negotiable, but it could be multiple months before you sell. That means your money will be tied up in escrow until then.
Sundae enables you to truly sell as-is and in any condition without the extra work. That way, you can sell fast without the hassle. You’ll get offers within days of your listing going live on our marketplace. If you go with an offer that you received, your closing date can be as fast as 10 business days later. Though it depends on a variety of factors, it takes an average of 10 days to complete the entire property sale process from start to finish on Sundae’s marketplace.
Learn more: How Long It Takes to Sell a House
How do you get the most from selling a house as-is?
Before accepting an offer today, it’s important to know what your house is worth when selling off-market. To get the most from selling a home as-is, you need to bolster competition for your home. That gives you a better chance of getting a higher offer.
When you work with us, we’ll help you estimate your house’s value. We then market your house to our list of over 20,000 investors who can place offers over a four day period. At the end, we’ll present you with the highest offer you received and you have the option to sell to an all cash home buyer.
Learn more: Selling a House as-is
Does Sundae charge any fees?
Our business model is designed to help you maximize your bottom line. That means that you, the seller, won’t pay any fees to Sundae. However, you are responsible for external fees such as HOA payments, liens, or an outstanding balance on your mortgage.
Learn more: About Us
What’s the difference between Sundae and an iBuyer?
Sundae is not an iBuyer, nor are we a “we buy houses” company. iBuyers usually prefer to target properties that they can clean up to resell fast, charge fees to sellers, and give homeowners one “take it or leave it” offer.
Sundae helps homeowners sell as-is, even if your home is damaged or distressed. We also help you get more for your house when investors compete and can pay cash. There are also no fees paid by the seller when you list your house on Sundae’s marketplace.
This increases your chances of receiving a fair offer and allows you to compare your options. There are no closing costs and you may be eligible for up to a $10,000 cash advance when you sell with Sundae. It's a hassle-free process.
Learn more: Before Selling Your House to an iBuyer
Is now a good time to sell a house in San Diego?
If you want to sell an inherited property, a rental, or just need to sell your house fast, you're probably wondering if it's a good time to sell in San Diego and its surrounding cities.
In short, it depends. The housing market is moving away from a seller’s market into an equal playing field for all. You can still sell your San Diego house for a fair price, but you need to complete your due diligence.
Compare your price expectations and what the market looks like before you sell your house. When you sell your house, you should look at similar houses that are on the market in your area. That will give you a good indication of the market value and what a fair cash offer for your home would be.
If you decide to sell your house in San Diego, you should also pay attention to local market data. The year-to-date median sale price is $950,000. According to the San Diego Association of REALTORS®, prices in the county are nearly 15% higher year-to-date compared to 2021. By selling, you can cash in on the additional equity you built up.
As an expert in real estate and property transactions, I can provide valuable insights into the concepts discussed in the article about selling a house that needs work. My expertise is rooted in practical knowledge and experience within the real estate market. Here's a breakdown of the key concepts mentioned in the article:
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Selling Off Market: The article emphasizes that the fastest way to sell a house that needs work is by selling off-market. This involves making a fast cash offer directly to an investor, using an iBuyer, or leveraging a marketplace like Sundae. The advantage of selling off-market is the ability to save time and money that would have been spent on renovations.
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Time Frame for Selling in San Diego, California: Traditional real estate agents might suggest updates before listing a property, which could take months. Even listing a house on the Multiple Listing Service (MLS) as-is doesn't guarantee a fast sale, and closing times can be negotiable but may take multiple months. Sundae claims to expedite the process, with offers within days and a potential closing date as fast as 10 business days later.
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Selling a House As-Is: To get the most value from selling a house as-is, the article recommends understanding the property's worth when selling off-market. Sundae helps estimate the house's value and markets it to over 20,000 investors, fostering competition and increasing the chances of receiving a higher offer. The seller is presented with the highest offer received, with the option to sell to an all-cash home buyer.
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Fees and Costs: Sundae's business model is designed to maximize the seller's bottom line, with no fees charged by Sundae. However, external fees such as HOA payments, liens, or outstanding mortgage balances are the seller's responsibility. Additionally, there are no closing costs, and sellers may be eligible for a cash advance of up to $10,000 when selling with Sundae.
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Comparison with iBuyers: The article distinguishes Sundae from iBuyers, highlighting that Sundae is not a typical "we buy houses" company. Unlike iBuyers, Sundae allows homeowners to sell as-is, even if the property is damaged or distressed. Sundae facilitates competition among investors, offering more options to sellers without charging fees. There's also no obligation to accept a single "take it or leave it" offer.
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Timing to Sell in San Diego: The article briefly touches on the timing of selling a house in San Diego, mentioning that the housing market is transitioning from a seller's market to a more balanced field. Sellers are advised to compare their price expectations with the current market conditions and look at similar houses in the area to determine fair market value.
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Local Market Data: The article suggests paying attention to local market data, mentioning the year-to-date median sale price in San Diego and the increase in prices compared to the previous year. Sellers are encouraged to leverage the current market conditions to cash in on additional equity.
In summary, the article provides insights into the strategies, timelines, and considerations for selling a house that needs work, with a specific focus on Sundae's off-market approach and its advantages over traditional methods and iBuyers.
