If you are a homeowner trying to sell your house fast in the age of the Coronavirus but can’t seem to move your property, you’re not alone. The COVID-19 crisis significantly impacted the residential real estate market across Michigan. Health concerns and stay-at-home orders led to fewer buyers looking for homes and fewer sellers willing to list their properties or allow strangers to enter their homes during a pandemic.
Even with projections of a seller’s market, fewer home buyers qualify for low-interest loans due to job loss, poor economic conditions, and the overall uncertainty of the future. Therefore, you may need to consider an alternative to a traditional sale to sell your house fast. Below we look at how you can sell your Metro Detroit, Michigan house fast during Coronavirus.
How Coronavirus is Affecting the Real Estate Market
You may need to sell your house as fast as possible to get out of a dire situation such as bankruptcy, foreclosure, probate, relocation, eviction, bad tenants, or a new job. Therefore, you do not have time to go through the six to twelve-month process of selling your house. How long does it take to sell your house during COVID-19? How is COVID-19 affecting the real estate market?
Fewer Qualified Home Buyers
Right now, lenders are making it easier for buyers to get a loan with offers of low-interest rates and flexible mortgage terms. While this may be good for the real estate market, the overall economy keeps buyers from qualifying for these loans. In addition, house prices continue to climb. Finding a buyer for your house is more difficult than you think.
Fewer In-Person Showings
Both buyers and sellers are hesitant to meet due to the threat of Coronavirus. To get around in-person meetings, sellers and realtors are offering virtual house tours via video conferencing. Some sellers are allowing serious prospective buyers to visit the home without the owner present. However, the lack of in-person meetings has affected sales.
Home Improvement Project Delays
Coronavirus has impacted the entire construction and home improvement industry. Contractors have had difficulty finding employees to work. Many employees have missed work due to severe illness. As a result, the pandemic has caused massive delays in home improvement projects, making it difficult for sellers to prepare their homes for sale.
How Long Will My House Stay on the Market During Coronavirus?
That question is hard to answer. As it stands, houses are selling faster than normal – not the typical 60 to 90 days. However, real estate analysts are suggesting that consumers wait it out instead of buying a house. So, the current trend is likely to end quickly, leaving a surplus of unsold real estate properties.
The current wave of homes on the market adds competition to the Detroit market. So, if you have any problems with your house, competing with other houses in your market is an uphill climb at best. This can be especially difficult if you try to put your house on the market as-is without making any repairs or upgrades.
Is There a Way to Sell My House Fast Right Now?
The answer is yes.
It is possible to sell your house as-is fast without putting it on the market, without making repairs, and without going through a realtor. If you’re looking for an alternative to a traditional house sale, you can sell your house as-is for cash directly to a buyer here in the Metro Detroit, Michigan, area.
Working directly with a buyer allows you to bypass all the steps in a traditional sale. If you need to sell your house fast to get out of a bad situation, you can get the cash you need while getting out of your mortgage with no strings attached. In most cases, you can get a fast cash offer and close on the sale in as little as seven to 21 days.
How to Sell My House Fast for Cash During Coronavirus
COVID-19 has complicated an already complicated house-selling process. However, you don’t have to put yourself through the headache. By working with M1 Home Buyers, you can simplify the process and get out of your house sooner than expected. We buy houses as-is in three easy steps.
Step 1: Contact Us
Call us today or fill out the form, and we will call you to discuss your home. We will schedule a quick walkthrough to assess your property. If our services meet your needs, we will make you a CASH offer within 24 to 48 hours. Do not worry about repairs or cleaning your property. We buy houses in as-is.
Step 2: Receive your Cash Offer
After a quick viewing of your house, we will make a cash offer. Our offers come in at just under the current market value of your property. There is no obligation to sell your house. You have nothing to lose and a more convenient sale of your house to gain. See how much cash you can get for your house!
Step 3: We Pay You Cash
If you accept our offer, we schedule a close date that is convenient for you. In most cases, we can close in as little as seven days. No repairs or cleaning is necessary – simply walk away from your property with cash in hand.
Sell My House Fast in Metro Detroit, Michigan
Before you contact the realtor or list your house on the market, do not pass up the chance to sell your house as-is for cash. M1 Home Buyers is here to help you find the simplest solutions to get cash-in-hand quickly without wasting time and money on repairs and closing costs. We buy houses for cash in Michigan. Call 248-397-5800 today to get a fast cash offer.