If you need to sell your house fast in Phoenix, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. In this guide, we will review the pros and cons of each approach to help you decide which makes the most sense for your home sale. HomeLight’s Simple Sale platform connects you to the largest network of cash buyers in the U.S. We use the information you provide about your home plus local neighborhood data to get you a great cash offer, allowing you to close in as little as 10 days. Simple Sale saves time in other ways since clients can skip repairs, home prep, and showings while still receiving a strong offer from our network. HomeLight was founded in 2012 and is BBB accredited with an A+ rating. The company has 4.6 stars on Google based on more than 500 user reviews. There are other ways to get a cash offer for your home. Here are a few options to consider: iBuyers are real estate companies that buy and resell homes quickly using leverage algorithms and technology in order to ensure their profits. They will let you choose your move-out date if you’re living in the house or need some time to empty it, and typically close as quickly as 10-14 days after accepting their offer. iBuyers make their money on a slim margin across many purchases and sales, so their offers tend to be the closest to the market rate. Property investors buy homes and often hold them for a while, so their focus doesn’t tend to be to make a quick profit. They typically make their money on rental income in the short term and property value appreciation in the long term. Property investors look for properties that require minimal repairs before being rental-ready. Flippers are short-term investors. Their process is to buy houses that need repairs, repair them, and then resell them at a profit. Because they profit from fixing up a house to be more valuable than it was when they bought it, they typically buy houses that need significant repairs. AZ Home Buyer has an A+ BBB Accreditation, has purchased over 800 homes in the Phoenix area, and offers a $30,000 earnest deposit on purchases. We Buy Ugly Houses has an A+ BBB Accreditation. Operating nationwide, they have worked with over 140,000 homeowners and make cash offers immediately after viewing. Express Home Buyers has a B+ BBB Accreditation. Sellers in a hurry can close as quickly as a week from first contact. Doug Hopkins is a local real estate cash buyer considered one of the top buyers of foreclosure properties in Arizona. He has a 4.4 rating on Google. The Trusted Home Buyer is an Arizona-based cash buyer with an A+ BBB Accreditation. The company will make a cash offer on the spot or within 24 hours of inspecting the property. Valley Home Buyer has an A+ BBB Accreditation. The company specializes in helping people facing foreclosure or selling an inherited property, and is able to close as quickly as a week. As with anything, there are pros and cons to selling your home quickly for cash. Working with a top agent in Phoenix can be a good option for sellers who would like to sell faster than average, but who have some time to devote to a traditional sale vs. an instant cash offer. HomeLight data shows that not only do top agents sell their clients’ homes more quickly than average agents, but the top 5% of agents sell homes for up to 10% more than average agents. They also sell homes 10%-50% faster than the average agent. As Phoenix-based real estate agent Kelly Cook, who has nearly 20 years of experience, explains, working with an agent who really understands your area is key. “Real estate is very localized; one neighborhood can be very different from one right across the street.” If you still want to sell quickly but have a little more time than the cash offer route, this can be a great strategy to both sell quickly and maximize your home sale to help pay down debt, decrease the sting of divorce, or increase a loved one’s estate after their passing. Phoenix agent Jennifer Wehner, who has over 2,000 real estate transactions, explains that “because of the population growth, we still have higher demand than in other areas. Low supply has been a nationwide problem for the last 10 years. We’ve underbuilt for the last 15, and we would need to build two million homes per year at the national level to just come up to today’s demand. And by the time we were able to build those homes, we’d have more people.” In addition, Phoenix is a special city with multiple reasons people are looking to move to — and buy in — the area. Wehner shares, “We have the most adult colleges here. We have Amazon. We’ve got Intel. We’ve got the Taiwan microchip industry. We are still close to California, and because we’re more business-friendly, a lot of headquarters and big businesses are coming here.” All of this impacts housing demand and prices. Selling a home fast while still earning as much money as possible is a delicate dance. Here are some expert tips to boost the timeline for your home sale: In any market, pricing correctly is key to generating interest in a property and bringing in competitive offers. It’s even more important when you’re trying to sell quickly but want to balance proceeds with speed. “Many buyers out there were affected by paying over list price in the past,” says Tina Tamboer, a senior housing analyst with the Cromford Report, which tracks the local Phoenix residential real estate market. “Appraisals have become much more important to buyers. But if you’re not grossly overpriced, you’re going to sell your house quickly.” Fortunately, the list-to-sale price is rapidly adjusting to 1:1 in Phoenix due to high demand. And if you want to get the maximum amount of money and speed, working with a top agent is a smart idea. An experienced agent will perform a comparative market analysis (CMA) to help you set the best price to sell a house fast in your market. If you’re curious about your home’s current value, try HomeLight’s Home Value Estimator. While it shouldn’t dictate your final pricing strategy, an online home value estimate can give you a ballpark price range. You can get a preliminary estimate in less than two minutes. According to a survey by the National Association of Realtors, 97% of homebuyers use the Internet in their search for a home. That means buyers will likely first view the property via the photos and videos you post in a listing. High-quality pictures and videos give buyers the best view and perspective on a property when viewed online. The first six photos of your listing are critical, according to Wehner, so she has her clients prioritize the most important features of the house, whether it’s a gorgeous kitchen, a three-car garage, or backing up onto a green space. It’s important that you make your home seem “special” before you list it. Add fresh paint where needed, update outdated trends in the home, and do a deep clean to make sure the home is in top condition. Wehner offers her clients multiple resources and benefits to help a home stand out to buyers, including photography, social media marketing, staging recommendations, and even help to prioritize which repairs and upgrades will get noticed and give sellers the most bang for their buck. Since the pandemic, more homebuyers are looking for usable outdoor space. This means extending your living space outdoors can be extremely appealing. More people are transforming their outdoor area to include a full furniture set, smoker, and television to watch the Cardinals play on a Saturday night. Three-car garages are surprisingly popular with out-of-towners moving to Phoenix. People from the East Coast and Midwest are used to having basements and ample closet storage space, which is less common in Phoenix. So the extra garage space can provide storage or even just indoor space for guests’ cars. Walkability is important for many buyers. This makes it important for sellers to highlight parks, coffee shops, and local restaurants in the neighborhood. Proximity to other services can also play a role in selling your home. Highlight if you’re near the airport for frequent travelers or close to big offices for those who are commuting to work. If you’re in a great school district, point that out for families. However, Wehner also advises that if your house backs up on a busy street or is in an undesirable neighborhood, own that right up front in the listing. This way, you aren’t wasting your time with viewings that will never result in an offer, and know your selling price will be lower. Proximity to highways can be a good thing for commuters or a negative for those with small children, so make sure to reference that, whether you’re close or far. If your property has an auxiliary dwelling unit (ADU), such as a mother-in-law cottage, emphasize this in your listing. Tell buyers if you have a home office or stage that extra room as an office. If you are selling a home with large square footage, leverage this. Along with the recommendations above, it can be helpful to know the level of market activity in your area during different times of the year. HomeLight’s Best Time to Sell Calculator uses housing market data for your area to show you the best and worst months to sell your home. See when is the best time to sell a house if you want to make the most money and which months are best to sell your house fast. Whatever features your house has or doesn’t have, a good real estate agent will be able to connect you with a buyer, and in Phoenix, with the higher-than-nationwide demand, that can be a pretty fast process. A top real estate agent in Phoenix can help you navigate the many nuances that you might not otherwise discover until you’re swamped in the process. Their organization efficiencies and marketing expertise can help you sell your Phoenix house fast. If you need an even faster sale, HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition in Phoenix. If you don’t have the time or the means to prepare your home or move through the traditional listing process, you can skip the repairs and showings and close in as few as 10 days. Complete a short questionnaire and receive a no-obligation cash offer within a week. Option 1: Sell your Phoenix house fast for cash
Who else will buy your Phoenix house for cash?
Cash buyers in Phoenix
Pros and cons of selling your Phoenix home for cash
Pros:
Cons:
Option 2: Work with a top agent to sell fast in Phoenix
How fast are homes selling in Phoenix?
As of March 2023
Days on market
59 days
Number of bids per home
3.2
Population growth year over year
+ 1.4%
Selling price vs. listing price
3% below the listing price
Year-over-year median sales price change
– 5.7%
Percentage of homes sold for cash
42.6%
8 expert tips to sell a home fast in Phoenix
1. Set your price competitively
2. Hire a professional photographer and videographer
3. Make the home stand out
4. Showcase your outdoor space
5. Market additional garage and storage space
6. Advertise proximity and walkability
7. Promote space for extra lodging or a home office
8. Take advantage of market timing
Ready to sell your Phoenix home?
