Advice Topics
- Buying (169)
- Selling (193)
- Renting (40)
- Market News & Trends (12)
- Finance & Legal Info (87)
- Tips & Advice (89)
- Working With an Agent (52)
- Marketing (4)
- Investing (15)
- Affordable Housing (15)
- Green Housing (2)
- Schools (1)
- Remodeling (29)
- International Real Estate (8)
- Terms & Definitions (24)
- Home Loans (11)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
What is a quick sale in real estate?
What is a quick sale?
Asked By Ari M | San Jose, CA | 2609 views | Terms Definitions | 2 years ago
Answer(4)
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 (10)
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!
- 2 years ago
- Helpful (9)
- Unhelpful (1)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Glenda X Bozett
Michael Alexander Properties
This means the home is in pre foreclosure.
- 2 years ago
- Helpful (1)
- 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.
- 1 week ago
- Helpful (0)
- Unhelpful (0)
Related Questions
-
What is a quick sale in real estate?
What is a quick sale?
- Asked by Ari M
- San Jose, CA
- 2609 views
- Terms & Definitions
- 2 years ago
-
What is the purpose of an escrow?
I don't own a home but hope to this spring. I've heard people talk about escrow, but I have no idea what it is or why I need it. Can you help me?
- Asked by Meredith K
- Greenwich, CT
- 740 views
- Terms & Definitions
- 2 years ago
Related Blogs
Buyer Broker Agreement: What Homebuyers Need to Know
If you are ready to hire a real estate agent and enter the job market, you may be presented with a buyer-broker agreement. This document outlines the expectations of your real estate agent while also giving them the right to represent you. Some buyer-broker agreements give your agent exclusive access to help you buy a home, with penalties if you eYes, Realtors Appreciate Gifts Too—And Here’s Why It Matters
Discover the ideal way to thank your realtor. While the realtor gift can me monetary, it's often the a referral that's best!