Time is useful when you're selling a house. Sellers who aren't in a rush can generally find a seller eventually. But what if time isn't on your side?
What if you need to sell right away because you're facing a difficult situation? Maybe you're trying to stop your foreclosure. You'll have to pay the bank what you owe, and you'll have to do it quickly.
Once foreclosure proceedings start, a clock starts counting down to the day your house will be auctioned off to the highest bidder.
If you sell, you'll still lose your house, but you won't suffer the negative consequences of foreclosure, like having your credit ruined. You might even have money left over once you pay off your mortgage.
Did you just inherit a house, and now you can't afford the extra upkeep? A new house will come with property taxes, possibly a mortgage, and maybe you'll have to pay for yard work or other improvements to comply with city code.
Are you in a stressful financial situation and need to get cash fast? Maybe you lost a job, and debts are getting the best of you?
If you can't afford your home anymore, it might be best to sell it quickly for cash.
The traditional real estate market doesn't always accommodate people in these situations, but we do.