We buy houses in Fort Lauderdale Florida. We are your local Fort Lauderdale FL home buyers and we offer cash for houses in Florida. In the first quarter of 2020, Florida’s real estate market reported higher prices and more finalized sales than in the first quarter of 2019. Does that mean that the traditional housing market is leading to fast sales?
Not necessarily. A higher rate of closed sales doesn’t just mean that there are more interested buyers. It also means that there are more houses on the market and the competition is steep.
If you’re looking to sell your Florida house fast in 2020, you’ve probably got a lot of questions running through your mind. Are you wondering how long to close on a house?
We’re here to answer that question! Read on to learn more about your options in the traditional market as well as selling your house as is.
How Long to Close on a House in Fort Lauderdale?
In 2018, compiled data uncovered that the average time to sell a house is 65 to 93 days. This includes the time that the seller is waiting to hear from and land on the right buyer, which can take about 30 days.
What happens during that time? Sellers hold showings, and eventually interested buyers bring in home inspectors and gain access to mortgage loans. Then, the two negotiate a closing price.
We know what you’re thinking: none of this sounds very “fast.” Remember, this length of time represents an average, and it can take a lot less time to close on a house. That said, it may take even longer than 93 days to find a willing buyer.
Let’s look at how selling as is versus selling on the traditional market can affect that time frame. We’ll also discuss a third option that, unlike the first two, guarantees a speedy turnover.
The Pros and Cons of Selling a House As Is in Florida
What does selling a home “as is” mean? It means that you are not taking on any renovations or repairs to bring up the value of your home. Read on to learn more about how this can affect the time it takes to sell.
What Can Speed up the Process of Home Selling in Fort Lauderdale
Because you’re not committing to any renovations or other preparatory work, you can list your home right away. In theory, there’s less to negotiate because you’re making it clear that you are not going to change anything regardless of what a home inspection report has to say about your property. Plus, you’re likely asking for less than other sellers in the area, giving you a competitive edge.
What Can Slow Down the Process of Selling an FL House
You may have difficulty finding the right home buyer, depending on how much work your property needs. Buyers who purchase “as is” properties tend to consider themselves real estate investors who have plans to buy your property for cheap, fix it up, and flip it. These kinds of buyers can be scarce, which means it may be a while before you find an interested party.
The Pros and Cons of the Traditional Market in Florida?
Houses on the traditional market may not be perfect, but sellers do tend to put in some work before listing. Sellers in this market tend to care more about price than time, though that doesn’t mean their houses never sell quickly.
Let’s take a look at how traditional sales can affect how long it takes to close on a house.
What Can Speed up the Process in the Fort Lauderdale Market
Real estate experts note that “move-in ready” houses have a faster turnover time on the traditional market than houses that need work. Many buyers simply don’t want to move into a house that will need months and thousands of dollars worth of renovation before it’s fully livable. Plus, if the buyer has addressed most of the major problems, negotiations won’t take that long.
What Can Slow Down the Process When Selling in the FL Market
Not all sellers on the traditional market take care of any and all problems before listing. These issues are bound to come up in the home inspection, and buyers are going to have questions. Because these houses tend to have a higher price tag on them, negotiations can drag out while buyers determine what work they’re willing to take on themselves and how much they’re willing to pay beforehand.
What Are My Alternatives When Selling a Property in Fort Lauderdale?
The possibility of waiting three months or more to close on your house may be more than you’re willing to bargain with. Are there alternatives that guarantee a quick turnover?
Florida Cash Home Buyers makes the process of selling your home quick and painless. We give you the option of selling your home as is without waiting for the perfect buyer to come along.
How does it work? We learn all about your property, from its current condition to its “After Repair Value.” Then, we make you an offer—and you can take it or leave it!
We’ve seen similar companies crop up that don’t last long because they try to lowball their clients. We, on the other hand, offer a fair price that reflects your home’s current value, and we never lock our clients into deals they’re not comfortable with. Everything is up for negotiation, and you’re always allowed to walk away!
Make It Quick With Florida Cash Home Buyers
When you work with us, the question “How long to close on a house?” is no longer one you need to ask! We know how hard it can be to get a fair price on your house in a timely manner. That’s why we take all the guesswork and waiting games out of the equation.
Contact us to get started on selling your Florida home fast!
Sell My House in Fort Lauderdale FL
If you think you need to sell your house in Florida fast, then you may need us. We at Florida Cash Home Buyers are local homebuyers in Fort Lauderdale FL, and we’re helping local homeowners have a quick and hassle-free sale. If your Fort Lauderdale FL house qualifies, we can make you a quick and fair cash offer.