Yep, house sellers are getting cash for houses in Gloucester MA in this real estate market. Many home buyers using loans are getting beaten out on the best properties by all-cash offers. It’s like the peak of the market 11 years ago, when selling a Gloucester house for cash wasn’t out of the ordinary.
Sure, we are in the good times right now, where practically all you’ve got to do is hang a “For Sale” tag on your front yard and get 5 above asking price offers before dinner time.
Hopefully, the prosperity continues! But with a cyclical market like real estate in Massachusetts…. well, that’s not quite likely if you look at history.
When we see an eventual destabilization of the housing market, anyone needing to sell their Massachusetts house will have a hard time finding a buyer. For those who are under financial stress or foreclosure and need to sell fast, it’s good to know that you can sell your house in Massachusetts fast to professional homebuyer like us.
Tightening financial restrictions don’t phase us because we use private investors and secured lines of credit – meaning we have access to cash to buy fast no matter the market condition.
We Buy Houses Gloucester Mass
When more and more homeowners are seeking to sell their homes fast, there will be some stiff competition in the retail market.
However, if you are trying to figure out how to you can get cash for houses in Gloucester MA, then you should not lose hope, especially if you know what you can control, and where you can turn to for help with your house.
Here are a few tips that can help you sell your Massachusetts house for cash in the shortest time possible…
Getting Cash For Houses in The Gloucester Massachusetts Area
There are a few viable options when selling your Gloucester MA house for cash. I hope that when you’re done reading you’ll have a clearer idea of what directions you can go in if you need to sell your house fast without the hassle of a buyer who has to get a loan from the bank.
Don’t get carried away with emotions
First thing to remember – when you are trying to sell your house fast, you must start off by taking charge of your emotions. You’ve got years of your life and many thousands of dollars tied up in the house you are trying to sell – so don’t think that it will be easy to keep your emotions at bay when selling. Make sure that you have done your research and run the numbers so that when the time comes to make a decision – you can make an informed decision quickly without missing out on a good opportunity.
You need to know that you will be able to make a wise decision and get the best deal when selling your house fast. Sometimes selling fast for cash may not look as good as selling more slowly, but if you take a more numbers-based approach and look at things like holding costs, your time and stress, and opportunity costs – then things start to look much more appealing. When selling fast for cash in Gloucester, it’s important to know these things.
Be ahead of your competition here on Cape Ann
When trying to sell their Massachusetts houses fast, most homeowners place a “For Sale By Owner” tag in their front yards blindly without doing a prior research of the prevailing market prices. Remember, every buyer wants to get the best value for his money… but some house sellers can wait the 3-6 or more months that it may take for a full price buyer to come along… while other sellers need to sell immediately.
So if you need to sell immediately… research what other similar houses in your neighborhood are listed for (or just sold for)… then follow how long they took to sell. If you can’t wait that long… then consider how much of a discount are you willing to give the cash buyer in order to attract them to buy your house quickly?
Potential buyers will be doing a thorough search to find the house or houses that best suits their budget and needs. To help your house stand out, you need to know what the other sellers are offering in order to have a good grasp of a competitive price for your property.
Of course, in order to even be considered by cash buyers, your property has to be easy for them to find when they are searching the Essex County real estate listings! So you need to do more than just put an FSBO sign in your front yard – because this means your potential buyers are only those who drive by your house – this is really restricting yourself.
There are many other ways to help get your property exposure:
- Post it online on classified sites like Craigslist and Facebook Marketplace
- Post on social media and tell your friends and family that you’re selling
- Post FSBO on sites like Zillow or Trulia
Doing some simple (and free) things like this can improve your Gloucester property’s exposure from hundreds to thousands of potential buyers.
Objectively assess your situation and property
It is important that you establish whether your house can compete effectively with what nearby sellers are offering. This means looking at things like location, neighbors, lot size, house condition, bonus features (garage, shed, off-street parking), etc. and comparing with the houses around you.
If your house can’t compete, then you have a couple options. 1) Change something so it can compete, and 2) lower the price.
While you obviously can’t change where your house is, how big the yard is, or how your neighbors treat their house – you can make repairs to your house, landscape, and make other changes to make it more appealing to buyers. When trying to appeal to retail buyers, you will be making different changes than if you were trying to appeal to investors. Retail buyers want a nice looking house with amenities, and investors want the best bang for their buck – keep this in mind.
But what if you don’t have the money to repair your house in Massachusetts? Well, then you are essentially forced to go with option 2 – lower the price. Retail buyers don’t like to buy homes in need of renovation, because often they don’t have the cash to make the fixes themselves. Investors actually prefer to buy houses in “as-is” condition as it allows them to add value and customize as they like. Even though investors prefer to buy a house that needs repairs, they still need to buy at a lower price because they want to make a reasonable profit through their investment, of course.
Here at We Buy Houses in Massachusetts, we buy Gloucester (and other Essex County city) properties in any condition. We can pay cash, close quickly, and you won’t have to do any repairs or face a ton of hassle.
Give us a call at 978-712-8250 if you need to sell fast... we can make you a fair all-cash offer within 24 hours. No obligation or hassle at all. See if our offer is right for you.
Get the pricing right
A lot of Massachusetts home sellers fail to sell their houses fast because they are asking for too much moolah.
Keep in mind, if you really need or want to sell quickly (and don’t want to get a quick cash offer from our company) your property needs to be at a price that will catch the attention of anyone looking at properties in the area.
The “shock value” of setting the right price means that you will have instantly caught the attention of local buyers, who know the price is too good of a deal to last. They will be all over you with offers and requests for showings and more information.
If the house is priced at an average or slightly below average price, then buyers will look at it and not be inspired to quick action. They may put it on a list with others they are considering, and keep an eye out to see if there is an open house that they can attend. These are often buyers who are using loans (can’t close fast) who won’t really be motivated to buy unless they physically go to the house and fall in love with it. This results in a significantly smaller pool of buyers. And there you see the danger in pricing it too high.
Be sure to talk with an experienced real estate agent in order to give your house the right valuation so you know what you may be able to sell it for if you list it with an agent. If you can wait the 3-6 months to sell to a full priced buyer… awesome! Price it high and see what you can get!
If you have to sell your house fast… you’ll need to price your house more attractively and be willing to negotiate on price.
Cash for houses in Gloucester MA
There are several reasons why you may want to get cash for your house in Gloucester. It could be due to a pending foreclosure, a recent divorce or death in the family or the need to downsize to save money. Regardless of your reasons, these simple tips can help you sell house fast at a competitive price.
Want to learn more quick home selling tips? Click here. Better still, call us today at 978-712-8250 for some free help with your house situation.
We here at We Buy Houses in Massachusetts offer cash for houses in Gloucester. We’re local buyers helping local homeowners sell their house quickly with no hassle.
We either hold these houses as rentals, sell them to a different investor, or remodel and fix them up for someone else who would love to live there and enjoy the home for themselves.
If your Gloucester, Massachusetts house qualifies, we can you make a quick and fair cash offer.