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What is a quick sale in real estate?
What is a quick sale in real estate?
Asked By Ari M | San Jose, CA | 3737 views | Terms Definitions | Updated 2 months ago
Answer(5)
Michelle Hatfield
EXIT Royal Realty
A quick sale is a real estate transaction in which the seller needs to sell their property quickly, usually within a short timeframe of a few weeks to a couple of months. The seller may need to sell quickly due to financial difficulties, a divorce, a job transfer, or other reasons. In a quick sale, the seller typically prices the property below market value to attract buyers quickly and generate offers. The buyer may also need to move quickly and have financing ready to purchase the property. Quick sales can benefit both parties by allowing the seller to sell the property quickly and the buyer to purchase a property at a lower price than they might otherwise be able to find.
- 2 years ago
Helpful (12)
Unhelpful (7)
Brinda Griffin
Griffin Realty Llc
Hi Ari,
This means the home is in pre foreclosure. The seller is behind on mortgage payments and the lender/mortgage co will move towards foreclosure. You can stop the foreclosure usually, with an offer to purchase the home, usually a 30 day closing. The lender/mortgage company will have the final say. Time is of the essence, hire a local real estate professional! Good Luck!
This means the home is in pre foreclosure. The seller is behind on mortgage payments and the lender/mortgage co will move towards foreclosure. You can stop the foreclosure usually, with an offer to purchase the home, usually a 30 day closing. The lender/mortgage company will have the final say. Time is of the essence, hire a local real estate professional! Good Luck!
- 3 years ago
- Helpful (10)
- Unhelpful (3)
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Glenda X Bozett
Michael Alexander Properties
This means the home is in pre foreclosure.
- 2 years ago
- Helpful (2)
- Unhelpful (0)
Claudia Looi
Keller Williams Landmark II
A quick sale often involves cash offers because they eliminate financing delays and reduce the risk of the deal falling apart. That’s why cash buyers can close faster.
However, a quick sale can also happen with a well-qualified, financed buyer if the home is priced correctly, marketed well, and the buyer is fully prepared. Cash is common in quick sales, but it’s not required.
However, a quick sale can also happen with a well-qualified, financed buyer if the home is priced correctly, marketed well, and the buyer is fully prepared. Cash is common in quick sales, but it’s not required.
- 4 weeks ago
- Helpful (0)
- Unhelpful (0)
Chris Cervantes
RE/MAX GOLD
A quick sale in real estate is when a property is sold quickly, often at a lower price than market value. It usually happens when the seller needs to sell fast due to financial hardship, relocation, or other urgent reasons. The goal is to close the deal quickly, often within a few weeks.
- 9 months ago
- Helpful (0)
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