3 Ways to Make Buying Or Selling a Home Easier This Summer
Low interest rates and working from home have many Phoenix residents wanting to level up on their housing this year. But with high demand and decidedly skimpy inventory on the real estate market, can you fetch the best price for your home and also find the perfect new haven? Thankfully, there’s a secret to making the buying and selling process simple, fast and convenient. Here’s how.
1. Get a competitive, all-cash offer on your home (in minutes!)
Opendoor streamlines the home-selling process into just a few clicks online. Skip the stress of cleanings, open houses and making seasonal updates to your home to get it list-ready.
“When my family and I were considering a move, the traditional way of prepping, listing and showing our home seemed inconvenient for our lifestyle,” says Rob Woods, a seller in Phoenix. “I work from home, and my wife is a flight attendant, so she’s often traveling—plus we have kids and pets. So, we turned to Opendoor for a fast, easy and seamless sale. The best part? We skipped open houses, repairs and all of the hassles that come with listing. We loved the cash offer, and the entire process was headache-free.”
Simply, visit Opendoor.com, type in your address, and provide some details about your home. In less than three minutes, they will provide you with a preliminary offer on your home. To finalize the offer, conduct a simple video walk-through of your home’s interior. From there, choose when you want to close and move on your timeline, avoiding double moves and double mortgages.
Even in a booming market, there’s a level of uncertainty with financing, inspection and appraisal contingencies that could get in the way. By selling directly to Opendoor, Phoenix homeowners can have the confidence and certainty with an all-cash offer. Plus, you can close three times faster than the traditional route, which is incredibly important in today’s fast-moving market.
2. As a buyer, stand out among the competition
Home prices in Phoenix are trending up 11.6% since this time last year, and there are more interested buyers than there are homes for sale (source). While house hunting in a competitive market like Phoenix can be daunting, there are ways to stand out and strengthen your offer once you find your dream home.
Presenting an all-cash offer is one. Sellers find cash offers more attractive because there is less chance of the transaction falling through during the financing stage. And all-cash home sales now make up about 36% of the market.
However, making an-all cash offer isn’t accessible for everyone. With Opendoor-backed offers, it is possible for everyone to reap the benefits of being an all-cash buyer—enabling buyers to present the certainty of an all-cash offer to a seller, free of financing, appraisal and home-sale contingencies, even if you need a home loan.
The process is super simple: Buyers need to get pre-qualified either with Opendoor Home Loans or another mortgage company, which only takes a few minutes and doesn’t impact your credit score. Then, they review your offer to ensure it has the strongest terms and submit it to the seller. According to company data, buyers who made offers with Opendoor’s cash-backed offer program already have an average acceptance rate of 50% higher than regular offers made without their cash backing.
3. Buy before you sell
About 55-70% of sellers are also buyers. The ability to unlock equity to win your next home is a top-of-mind issue, making many homeowners hesitant to sell. They may be worried about finding and financing their new home in a timely manner.
Rather than stressing about lining up your moving timelines, Opendoor enables you to buy your next home first. They will back the offer with cash to give you an edge over other buyers. Then, while you settle into your new home, Opendoor will help you sell your old house in a way that works for your timeline and financial goals—either by listing it for you on the market the traditional way, or by buying it from you directly. You’ll avoid the hassle and costs of double mortgages and double moves. They’ll pay the mortgage, HOA and utilities on your new home, until your old home sells. Easy, right?
Listing your home directly can be a pretty helpful lifehack if you want to avoid the traditional headaches of buying and selling your home. Go to Opendoor.com today to find out if this is the right choice for you.