- Posted June 18, 2022
How to Get Rid of an Unwanted Property Fast - Financial Planning Advice
Sometimes you may end up with properties that you do not want. They might not be making you any money or they can simply be a burden. Getting rid of these properties might seem like a big task, but there are ways to get rid of them quickly according to our certified financial planner.
Put it on the Market
Your first step should be putting it on the market. You can’t get rid of it if people don’t know you are trying to sell it. Starting off on the market, it may take some time before you sell it or before you even get any offers. However, this is a great first step because it gives you a better idea of what a reasonable price is and you can begin getting some interest. To ease the process along, you can also find a real estate agent to help you sell your property. With some extra help, you can sell the property faster.
Find a Cash Buyer
Our certified financial planner states that one of the best ways to quickly sell a property is by selling to a cash buyer. Cash home sales are very different from traditional home sales and the process can be over much faster. In fact, you could have the property sold in as little as two weeks. Most cash buyers are looking for properties they can update and then sell again, so you can expect to sell your property in whatever condition it is in. A cash sale also offers many other benefits. Cash buyers buy your home without charging fees or commissions. You can save money on the process and have your unwanted property taken off your hands.
Understand the Market
The better you know your housing market, the easier it will be to sell your property. For example, there are certain times that are more ideal for selling and you will likely gain more buyers in these time periods. Knowing your local market well can help you know what times are ideal for listing your property. Additionally, knowing the local market can help you find a reasonable price for your property based on what similar properties have sold for in your area.
Your unwanted property doesn’t need to be a burden anymore. There are many options you can pursue in order to sell your property. Take some time to consider which options will work best for you and consult with one of our certified financial planners.
Check out this article for advice on how to free yourself from debt!
Contact Tenpath Financial Group for certified financial planning services.