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3 Things You Need To Know If You Want To Sell Your House Fast

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You need to sell your house fast. Whether you've been transferred or you're knee-deep in debt, you don't have time to play games with the sale. Before you go off in a panic, know that your realtor will help you through the process. But, there are some things you can do to expedite the sale.

Be Mindful of Repairs

You know there are things wrong with your home. You know there are repairs that need to be made. You'll sell your home much faster if you're willing to take on some or all of those repairs. Do your homework before you put your home on the market, so you know exactly how much those repairs will cost to make.

Provide prospective buyers with a list of the repairs and an itemized estimate of the costs. The buyers may wish to have their own estimates drawn up, but the difference will give you a starting point for negotiations. Buyers may be willing to purchase your home if you provide them with a repair credit at closing.

Avoid Taking a Hardline Approach

You know what you want from the sale of your home. However, if you take a hardline approach in order to get everything you want, you may miss out on a sale. Before you put your home on the market, make a list of the things that are not negotiable. That way, if something comes up that's not on the list, you give yourself enough wiggle room to negotiate a sale. For instance, if the prospective buyers want your refrigerator, you can decide if it's worth losing the sale in order to keep the refrigerator.

It's All About the Approval

When it comes to selling your home fast, there's one piece of vital information you need to understand – the difference between pre-qualified and pre-approved. Remember that it's all about the pre-approval. Pre-qualified merely means that the lender is reasonably sure that the prospective buyers may be able to obtain a loan.

However, pre-approved means that the prospective buyers have provided documentation, gone through the loan process and been pre-approved for a loan. In most cases, buyers who are pre-approved for a loan will have a letter from the lender, which will document the loan amount that the buyer will be approved for.

Don't take chances when it comes to selling your home. The more you know, the easier it will be to find a qualified buyer for your home.