Time to Sell Your House to Buy a New Home
There are many reasons people decide it’s time to sell their house and buy a new home. Sometimes the house is bursting at the seams with too many people, and there just is no more room. Perhaps the house is too big, and you just don’t use half the rooms. Or it might need updates, and you’re not up to the task.
Whatever the reason, if you currently own a home and need to buy a new one, you probably need to sell your current home. If you have to close on the new home quickly and haven’t sold the old one, you need to move fast. If you need the money from the sale of the old home, timing becomes crucial.
Challenges with Traditional Selling Methods
Will Your Buyer Back Out?
If you go with the traditional Realtor listing model or the for-sale-by-owner model, what if your buyer backs out? You can prepare the house for sale, market it, and get a contract quickly. But the sale isn’t final until the money is in your hands. Several points in a traditional sale can cause the deal to fall through. Here are some common issues:
Showing the Parents
Many home sales get derailed here. Buyers love the house, get it under contract, and then bring their parents over. If Mom and Dad don’t like it, they might talk the buyers out of the purchase. Even without a “Mom and Dad approval” clause, another contract clause can be used to back out.
Inspections
The buyer hires an inspector to look at the house and point out flaws. If the flaws are too scary, the buyer might cancel the contract. If Mom and Dad didn’t like the house, any flaw becomes insurmountable.
Inspection Repairs
If the buyer isn’t scared off by the inspection, they might ask for repairs or a lower price. If you can’t agree, the sale gets canceled.
Appraisal Issues
Sometimes the appraiser can’t justify the sales price. The buyer can back out, bring more money, or ask you to lower the price.
Last Minute Cancellations
We’ve seen many buyers back out on the day of closing for various reasons. They might have spent money on new appliances and furniture or lost their job. While you could sue for performance, it takes time and doesn’t get your house sold.
Benefits of Selling to a Cash Home Buyer
People work through these issues every day to sell houses and buy new ones. But sometimes they want or need an alternative. That’s where a legitimate house buyer who can pay cash steps in.
Don’t Want the Worry of the Buyer Backing Out?
Some sellers coordinate everything, but the deal falls apart days or hours before closing. They need a local home buyer who can act fast, step in, and close in place of the person who backed out. This is where Kim, Don, and Scott with kcmoHomeBuyer can help. Take a minute to check out how our home-buying process works and see how we can help alleviate your fears or challenges so you can buy a new home.
Sell Your House on the Date Of Your Choice
When buying a new home, many things can go wrong. Taking away the worry about whether the buyer will close and you’ll have the money you need is where we can help. Once we agree on the price, we can close quickly or on a particular day. This allows you to plan around that date. If you have delays closing on the new house and need to delay closing on the old house, we are very flexible.
In some cases, Scott, our Realtor at RealtyResourceKC.com has helped sellers find their new homes. With a ready, willing, and able buyer who can close whenever needed, they confidently bought their new home.
Finding a New Buyer Fast
If your buyer backs out within days or hours of your closing, we can help. We may not be able to close within a few hours since we need to move money, and the title company must redo all the paperwork. But we can and have closed in 2 or 3 days in situations like this.
How to Get Started
If either of our scenarios above fits your situation, take a minute to see how our home-buying process works, learn a bit more about us, and see what our past customers have to say. Then reach out by filling in one of the forms here on the site to start the process and sell your house.
