There is a lot happening in the Federal Way real estate market, and it seems to be driven by growth in population and demand for the city’s real estate.
In the fierce real estate market, many homeowners are occasionally presented with situations where they might need to sell their home as quickly as possible in order to help cope with whatever the circumstance may be (job relocation, banking reasons, etc.)
If you’ve ever been given the short end of the stick and find yourself in a situation like this, you are not alone!
The immediate answer to selling quickly, for most people, is Zillow. Simply list your house on the famous website and hope to see what buyers are willing to pay.
For others, a special kind of home-buying entity may be the answer you are looking for, as they offer cash for your house and will purchase the home as soon as possible, sometimes even within days of the very first house visit.
Understanding the Federal Way Real Estate Market
The Federal Way real estate market is currently experiencing a slew of trends, primarily notably by rising home prices and elevated buying competition. Homeowners are finding themselves in a seller’s market, with quick sales becoming increasingly important. This stems from a myriad of factors, including low inventory levels and a desire for homeowners to capitalize on favorable market conditions before they end.
In this cutthroat environment, sellers all around are looking for ways to quickly sell their homes, so that they can move on to their next adventure. A cash buyer provides a seller the luxury of bypassing drawn-out financing processes and inspections that can potentially stall a sale. Moreover, a cash buyer frees up a seller to almost expect a smooth closing, without the worry of financing falling through or other documentation to be completed. Hence, sellers are likely to want to sell to a cash buyer, as it may become a more attractive option when a seller wants to make a quick sale.
The Zillow Experience
Zillow is a leading online real estate marketplace that represents the full lifecycle of owning and living in a home, including buying, selling, and renting, and connects buyers with sellers, renters with landlords, and everyone with a home. It provides a personalized and seamless experience in designing one’s own space and researching and shopping for homes. Homes can be found via Zestimate, an estimate of a home’s value, a proprietary algorithm by Zillow which uses public and user-submitted data to take into account home facts, location, and market conditions.
Users buy homes in popular neighborhoods and markets, which are great for families, in areas with a low cost of living, and top schools. Generally, it is difficult to find a home where the kitchen matches the color of the couch. Listed under owner, apartment for rent, house for rent, condo for rent, rent in popular cities, for rent by state, efficiency apartment, Apartment rentals, More in Rentals, Rental Buildings, Apartments for rent, Houses for rent, Condos for rent, All rental listings, All rental buildings, Renter tools, and Applications.
On the “Homes for Sale” page, users will find information about custom home builders or browse builders in your area, new construction, foreclosures, and coming soon homes. With Home Loans, it offers to get pre-approved to shop with confidence, mortgage calculators, and refinance rates. Loans are also available for Veterans. Zillow Homes can offer to buy your house.
Zillow offers Homeowner tools; sell, Find a seller’s agent, Seller’s checklist, Home design, Find a design style, Design inspiration, Zillow API, Zillow 3D Home, and Zillow Digs.
The Cash Buyer Advantage
Cash buyers are people or entities that buy properties without getting a loan, and it is the original “We Buy Houses As Is” model. Without a doubt, selling your house to cash buyers is the fastest, but it’s not without its problems.
You can quickly wrap up escrow if you’re selling your house to cash buyers, as there doesn’t need to be a loan approval process or other red tape to go over. You won’t be required to do a bunch of updates before selling or making sure that the house is “show ready” when every person in town who saw the for sale sign in your yard wants to walk through the house.
You will, however, probably be getting a lower price for your house than elsewhere. Some cash buyers will lowball you at a price that’s way less than the worth of your property. Not all cash buyers will be able to travel to your property, too, meaning that you need to find someone who does.
Zillow vs. Cash Buyers: A Side-by-Side Comparison
When considering the speed of sale, Zillow falls short compared to cash buyers. Cash transactions can close quickly, sometimes in less than a week. Meaning, you can move on and get back to your life without the long, drawn-out closing times that come with selling your home conventionally. Deals on Zillow can lead to many different kinds of possible delays. Financing difficulties, negotiations, and inspections can stretch out the length of your home-selling journey, sometimes adding up to half a year or more.
Another factor to consider in this section is the costs associated with each mode of selling. When you sell your home through Zillow, you’ll be taking on the burden of a good amount of extra costs. The agents involved in the selling of your home will need to find a way to get paid, and the listing itself is also going to cost money. Without these fees and other possible difficulties, you won’t need to worry about any pesky additional sums. Cash offers are known to be given at fair prices—with little difficulty for the homeowner.
Finally, everyone will need to weigh the different convenience levels and stress levels they wouldn’t mind dealing with. A “normal” listing for a home is going to involve a bunch of hoops to jump through. With a realtor, you might need to facilitate or take part in many different open houses, negotiations, or other selling events. So, for peaceful purposes and to find a little bit of clarity and focus, many homeowners elect to sell their homes the “old-fashioned” way, with simple cash transactions and a new buyer just around the corner.
Making the Right Choice for Your Situation
Choosing to sell your house through Zillow vs. cash buyers ultimately comes down to other personal circumstances. If time is a factor–you must sell quickly because of a job transfer, financial difficulties, etc.—a cash buyer will almost always be much quicker. Many claim they can sell your house in as little as one week. Listing your home on Zillow will undoubtedly take much longer. The housing market, the need to show your home—it’s a process. Selling your home privately can take as little as one week.
The condition of the home is another huge consideration. A home that requires repairs may not interest a more “conventional” buyer who may be on Zillow. Cash buyers, however, are another story. Pay them the right price, and they’ll often take nearly any property off your hands. It’s certainly a more “hassle-free” option. The fees, the cleanup (not a factor with all cash buyers), the repairs—a homeowner who is looking for a quick sell-off will be put at ease.
These two groups clearly affect the price—the two methods of selling affect the final price among each group of buyers—so this definitely gives you some food for thought. Start to take note of how your personal circumstances align with these three factors: time, the condition of your home, and finally, the final selling price within each group of buyers.
If you are wanting to sell a home in Federal Way, you might be wondering whether you should go with a traditional platform like Zillow or consider going with cash buyers.
Zillow is one of the many traditional platforms that make it easy to list properties, but it can involve back-and-forth negotiations, deals falling through, offers and counteroffers, updates, listing photos, and many other aspects. On the other hand, cash buyers offer a simplified way to sell your house for cash and allow you to skip out on the headache that’s all too common with the traditional market.
Conclusion
By selling these types of buyers who buy houses, you can get the deal over and done with quicker. It’s nothing like selling on the traditional market, where things can fall through at the last minute or get held up by one thing or another. Instead, you can go into the deal knowing it will close quickly and can be finalized in as few as 2 days and as many as 2 weeks. This can help to alleviate pressure if you are in a situation where you need to move or are facing financial problems.
By buying houses as-is for cash, like us here at We Buy Houses – As Is, you can sell the property quickly and simply. No need to list it, no need to pay for a photographer, no need to repair or replace appliances or anything like that. It’s just a quick and easy way to sell homes, and it’s services like ours that have helped thousands of homeowners sell their homes fast.
Call As Is today if you are looking to sell your home fast. We are here and ready to help with a no-obligation cash offer. Don’t hesitate, as our team at As Is is standing by ready to help you get your home sold, and in the most convenient and rethinking way possible.
For more information, contact We Buy Houses – As Is at +1 206-291-6117.