Vet cash buyers and know your home’s worth
Not all We Buy Houses companies are created equal. Your experience will largely hinge on the character and professionalism of the individual or group making the offer. Before jumping into any deal, invest time in vetting the company. Dive into online reviews, pore over testimonials, and assess their market presence and reputation.
Equally important is understanding the intricacies of any agreement presented to you. Don’t rush through the fine print; every clause matters. Ensure you’re fully aware of what you’re committing to, and don’t hesitate to ask questions or seek clarification.
HomeLight suggests you consult with a top Rhode Island agent to get a better idea of what your home might be worth if sold on the open market. Then compare cash offers to what a top local agent might be able to get for your home. HomeLight can connect you with a top-performing agent in your market.
You can also use HomeLight’s free Home Value Estimator right now to get an initial ballpark estimate in less than two minutes.
Other options to sell your Rhode Island home quickly
Emerging in the mid-2010s, iBuyers combine the convenience of house-buying operations with automated valuation models (AVMs). These algorithms estimate home values using historical and current market data, facilitating near-instant offers. While iBuyers give all-cash offers and can close quickly, they generally target better-condition homes and make offers closer to market value.
Notably, major iBuyers, such as Opendoor and Offerpad, have service fees of around 5%-6%. Ideal iBuyer sellers are those seeking a streamlined process for well-maintained homes in consistent housing areas.
Listing with an agent
Though unconventional in a Cash-For-Homes context, selling with an agent can be quick in a favorable market. Strategic pricing and top-notch marketing can yield higher selling prices. HomeLight data indicates that the best Rhode Island agents achieve prices up to 10% higher than average agents.
Agents also provide valuable insights through a comparative market analysis (CMA), assessing your home’s worth based on comparable sales. This report, often offered for free, can help you gauge your selling strategy.
For those leaning toward cash buyers, consulting an agent ensures a well-informed decision. HomeLight can connect you with a leading agent in your Rhode Island market.