You’re trying to sell a house. So you’re undoubtedly looking up information online. How much can you make? How long will it take? There are a lot of questions you might have. But the problem is that real estate is very local. You need to ask the right questions about the right area.
Let’s take a look at some of the most important questions to ask.
How Is the Market Doing in My Area?
Some markets are booming. Other markets are slipping. It happens all the time. Before you start the process of selling your Cincinnati house, consider taking a look at the local market. A “slipping market” doesn’t mean you shouldn’t sell. It just means you need to be more conscientious about who you sell to as you might get underbid on the value of your home.
What Are Other Homes Selling for in the Area?
Other homes in your area are called “comparables.” They’re houses that are likely to be similar to yours in space, age, and condition. You look at these homes to see roughly how much your property is worth. The more houses are selling for in your area, the more you’re likely to be able to bring in.
How Long Will It Take to Sell My House in This Area?
Sometimes homes will go in a few days. Other times, homes will go in a few months. And that can be a problem if you’re currently underwater or aren’t able to pay your bills. You can always sell faster to a cash home buying company though, so you should keep that in mind. If you don’t want your property languishing on the market, you might not want to put it on the open market to begin with.
Do I Need to Make Repairs to My House?
Repairs can be expensive. In certain areas, some basic repairs might be needed. In others, you might need to go through extensive renovations to modernize the space. If you need to make repairs to your property to sell it, you’re better off going with a company that’s interested in repairing and renovating your property on their own. After all, they can complete these repairs and renovations faster and cheaper than you can, so it would just be a waste of money on your end to try to do those repairs and renovations yourself.
Do I Need to Get an Appraisal for My House?
Appraisals can be iffy. If you’re trying to sell to someone who needs to get a mortgage, you’ll usually be required to get an appraisal. The company wants to see how much your house is worth. But appraisals can be impacted by an extraordinary number of things. If your neighbors are too loud, the appraiser may mark things down. If a lawn hasn’t been mowed, the appraiser may mark things down.
Because of that, you should really consider going with a company that buys houses. A company that buys houses doesn’t have to get an appraisal because they know what the property is worth to them and will be able to give you a fair offer directly.
What About Cash Offers?
One of the best and fastest ways to sell your house in Cincinnati is to get a cash offer. A cash offer can close as soon as the wire transfer is done. It has less of a chance of falling though, you don’t need an appraisal, and you don’t need to make repairs. You should always consider a cash offer first. At We Buy Houses Cincinnati, we can help. Contact us to find out more.