Reading Time — 14 minutes
Publication date: March 8, 2020
Actualization Date: November 5, 2025
Author
Opendoor Editorial Team
Our team combines AI-powered research with hands-on expertise from licensed real estate professionals to ensure that every article is accurate, clear, and up-to-date.
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Reading Time — 14 minutes
March 8, 2020
November 5, 2025
Selling a house used to mean months of showings, open houses, and crossing your fingers that a buyer's financing would come through. Now you have options — work with an agent, accept a cash offer, or handle the sale yourself — each with its own timeline, costs, and level of control.
This guide walks you through seven straightforward steps, from choosing your selling path to closing the deal, so you can move forward with confidence and less stress.
Know your selling options
You have three main ways to sell your house: work with a real estate agent, accept a cash offer, or sell it yourself. Each path has a different timeline, cost structure, and level of involvement. A traditional agent puts your home on the Multiple Listing Service (MLS) and manages showings, negotiations, and paperwork — but the process typically takes two to three months and costs 5.57% in commission. A cash offer lets you skip repairs, showings, and buyer financing uncertainty. You can request an offer online, review it within 24 hours, and close on your timeline — sometimes in as little as a week. Selling for-sale-by-owner (FSBO) gives you full control and saves on agent fees, though you handle all marketing, pricing, and legal steps yourself.
The right choice depends on what matters most to you. If you're relocating for work, handling an estate, or simply want certainty, a cash offer removes the risk of buyers backing out. If maximizing sale price matters most and you have time to wait, listing with an agent might make sense. FSBO works best when you already have a buyer or deep real estate experience.
Cash offer in 24 hours
Cash buyers purchase your home directly — no showings, no repairs, no waiting on buyer financing. You submit basic details about your property online, and companies like Opendoor use real-time market data to generate a firm offer, usually within a day. Once you accept, you pick your closing date. The sale moves forward without appraisal contingencies or last-minute renegotiations.
This path trades a potentially higher sale price for speed and certainty. You won't pay agent commissions, but cash offers account for the buyer's costs to resell the home. For sellers facing relocation, inheritance situations, or homes needing significant work, a cash offer unlocks liquidity fast.
Traditional agent listing
Working with a real estate agent means your home gets listed on the MLS, where most buyers search. Your agent prices the home, coordinates professional photos, hosts open houses, and negotiates on your behalf. The process usually takes 60 to 90 days, and you pay a commission — often split between your listing agent and the buyer's agent — at closing.
Agents bring market knowledge and handle complex paperwork, but you'll prepare your home for showings and accommodate buyer schedules. The sale also depends on the buyer securing financing and the home appraising at or above the offer price. If either falls through, you start over.
For-sale-by-owner DIY
Selling FSBO means you handle everything: pricing, marketing, showings, and negotiations. You save on listing agent fees, but you're responsible for legal disclosures, contract review, and title work. Most FSBO sellers still offer compensation to buyer's agents to attract more showings.
This route works best if you're comfortable with real estate transactions or have a buyer already interested. Without MLS exposure through an agent or flat-fee service, your home reaches fewer potential buyers, which can extend your timeline, as FSBO sales account for only 6% of home sales.
Step 1: Plan your ideal timeline
Your move-out date shapes every other decision in the selling process. Start by identifying any fixed deadlines — a new job start date, school enrollment, or lease expiration — and work backward to determine when you'll close. Traditional sales typically take 60 to 90 days from listing to closing. Cash offers can close in as little as a week.
If you're buying another home at the same time, timing becomes even more critical. You might face a gap where you own two properties or need temporary housing between closings.
Look at your calendar and mark any non-negotiable dates. Job relocations, children's school schedules, and lease endings all create natural deadlines. Once you know when you need to be out, you can choose a selling method that aligns with that timeline — whether a fast cash offer or a longer agent-led process.
Closing timelines vary by selling method. Traditional sales involve buyer financing, appraisals, and inspections, which can add weeks and introduce uncertainty. Cash offers skip the appraisal and financing steps, allowing you to close on your schedule — often in 7 to 14 days. Factor in time to pay off your existing mortgage, transfer utilities, and handle final walk-throughs.
Buying and selling simultaneously creates a coordination challenge. You might close on your new home before your current one sells, requiring bridge financing or a home equity line of credit. Alternatively, you could close on your sale first and arrange temporary housing. Some sellers use a rent-back agreement, where they sell their home but stay as tenants for a few weeks, giving them time to move without overlap.
Step 2: Get a realistic home value
Accurate pricing starts with knowing what buyers will actually pay for your home in today's market. Online valuation tools like Zillow's Zestimate offer a rough starting point, but they rely on public records and algorithms that can't account for your home's condition, upgrades, or neighborhood nuances. Use online estimates as a reference, not a final number.
A Comparative Market Analysis (CMA) from a real estate agent provides a more detailed picture. Your agent examines recent sales of similar homes in your area — comparing square footage, bedrooms, lot size, and condition — to recommend a competitive listing price.
Automated home value estimators pull data from tax records, recent sales, and listing prices to generate an instant estimate. They're helpful for ballpark figures, but they don't know if you've renovated your kitchen or if your roof needs replacing. Treat online estimates as a starting point, then verify with local market data or a professional assessment.
A CMA digs into the details. Your agent reviews homes that sold in the past three to six months, focusing on properties similar to yours in size, age, and location. They adjust for differences — like an extra bathroom or updated flooring — to arrive at a price range that reflects current buyer demand. This analysis helps you price competitively without leaving money on the table or sitting on the market too long.
Requesting a cash offer from Opendoor gives you another data point. You submit your address and answer a few questions about your home's condition, and Opendoor uses local market trends and proprietary pricing models to generate a firm offer. This offer reflects what a cash buyer will pay today, accounting for the convenience of skipping repairs and showings.
Step 3: Decide on repairs or sell as-is
Not every home improvement increases your sale price enough to justify the cost and time. Small cosmetic fixes — fresh paint, new cabinet hardware, deep cleaning — often deliver the highest return because they make your home feel move-in ready. Major renovations like a kitchen remodel or roof replacement rarely pay for themselves in the sale price, especially if you're on a tight timeline.
Selling as-is means you skip repairs entirely and list your home in its current condition. Cash buyers like Opendoor purchase homes as-is, so you won't lose a sale over outdated finishes or minor issues.
Focus on high-impact, low-cost updates:
Fresh paint: A neutral coat throughout makes rooms feel clean and spacious.
Light fixtures: Swapping outdated fixtures for modern ones brightens the space.
Curb appeal: Power-washing siding, adding fresh mulch, and planting flowers create a strong first impression.
If your home needs a new HVAC system, foundation work, or major plumbing repairs, the cost and timeline might not make sense. Cash buyers often accept homes with structural issues, outdated systems, or deferred maintenance because they plan to renovate before reselling. Selling as-is also works if you're relocating quickly, handling an estate, or simply don't want to manage contractors.
Step 4: Price for your strategy
Pricing too high keeps your home on the market longer and signals to buyers that something's wrong. Pricing too low leaves money on the table. The key is to price within the range of recent comparable sales, then adjust based on your selling method and timeline.
Emotional attachment can cloud your judgment. You might remember what you paid for the home or how much you invested in upgrades, but buyers only care about current market value.
Look at homes that sold — not just listed — in your neighborhood over the past three to six months. Focus on properties with similar square footage, bedroom count, and condition. If comparable homes sold between $400,000 and $425,000, pricing your home at $410,000 positions it competitively.
It's natural to think your home is worth more than the market suggests, especially if you've made improvements or maintained it well. However, buyers compare your home to others available today — not what you paid or what you've invested. Rely on your CMA, recent sales data, and agent advice to set a price that reflects reality, not sentiment.
Step 5: Market or request a cash offer
Once your home is priced and ready, you'll either list it on the MLS with professional marketing or request a cash offer and skip the traditional process. Listing means staging your home, scheduling professional photography, and coordinating showings with potential buyers. Your agent handles the marketing — posting your home on Zillow, Realtor.com, and other platforms — and manages buyer inquiries.
Requesting a cash offer is faster and simpler. You provide details about your property online, receive a firm offer, and choose whether to accept.
High-quality photos and staging make your home stand out online, where most buyers start their search. Your agent arranges for a photographer, writes a compelling listing description, and promotes your home across multiple channels. Showings begin once the listing goes live, and your agent collects feedback from buyers to help you adjust your strategy if needed.
Getting a cash offer from Opendoor means no strangers walking through your home on weekends or last-minute cleaning before showings. You answer a few questions online, and Opendoor's team conducts a virtual or in-person assessment. Within 24 hours, you receive a firm offer. If you accept, you choose your closing date — whether next week or two months from now — and the sale moves forward without contingencies.
Step 6: Review offers and negotiate terms
When offers come in, price is just one factor to consider. Look at contingencies — conditions that let the buyer back out — like financing approval, appraisal results, and inspection findings. An all-cash offer with no contingencies is often more valuable than a higher offer that depends on the buyer securing a loan.
Create a simple comparison to see what you'll actually walk away with after fees and costs:
Traditional sale: Higher offer price minus agent commissions (typically 5–6%), closing costs, and possibly repair credits.
Cash offer: Lower upfront price, but you avoid commissions and repair expenses, which can make the net proceeds similar or even higher.
Financing contingencies let buyers walk away if their loan falls through. Appraisal contingencies allow them to renegotiate if the home appraises below the offer price. Inspection contingencies give buyers a chance to request repairs or credits after the home inspection. Cash offers eliminate all of this, because there's no lender involved and no appraisal required.
Step 7: Breeze through inspection, appraisal, and closing
After you accept an offer, the buyer typically schedules a home inspection to identify any issues. Traditional buyers might request repairs or ask for a credit to cover fixes. You're not obligated to make every repair, but refusing to negotiate could cost you the sale. Cash buyers like Opendoor purchase homes as-is, so you skip this negotiation entirely.
The appraisal comes next in a traditional sale. The buyer's lender orders an appraisal to confirm the home's value matches the loan amount. If the appraisal comes in low, the buyer might ask you to lower the price, or they'll need to bring more cash to closing. Cash offers don't require an appraisal, so you avoid this potential delay.
If you're selling traditionally, expect the buyer's inspector to examine your home's structure, systems, and appliances. Common issues include roof damage, HVAC problems, and plumbing leaks. You can address problems beforehand with a pre-inspection, or wait and negotiate after the buyer's inspection.
The appraisal determines whether the lender will approve the buyer's loan. If your home appraises at or above the offer price, the sale moves forward. If it appraises low, you might renegotiate the price, the buyer covers the difference, or the deal falls apart. Cash offers eliminate this risk entirely — no appraisal means no chance of a last-minute price reduction.
Closing involves signing documents to transfer ownership and settle financial obligations. You'll sign a deed, pay off your mortgage, and cover closing costs like title insurance and transfer taxes. Many title companies now offer remote closings, where you sign electronically or have documents sent to you. Once everything is signed and funds are transferred, the buyer takes ownership and you receive your proceeds.
What it really costs to sell a house
Selling a home comes with multiple fees beyond agent commissions. You'll pay for title insurance, which protects the buyer and lender from ownership disputes. Transfer taxes vary by location and are typically a percentage of the sale price. Escrow fees cover the neutral third party that handles funds and paperwork during closing.
If you're working with an agent, you'll also pay listing and buyer agent commissions — often split evenly and totaling 5–6% of the sale price. Seller concessions, like credits toward the buyer's closing costs, can add another 1–3%. Cash sales eliminate agent commissions and often reduce other fees because there's no lender involved.
Ready to move forward? Get a stress-free offer
Selling your home doesn't have to mean months of showings, uncertainty, and last-minute surprises. Whether you choose a traditional agent listing, a cash offer, or a hybrid approach, the key is picking the path that fits your timeline, budget, and stress tolerance. Request a free, no-obligation cash offer from Opendoor to see what you can get for your home today — then decide which option works best for you.
FAQs about selling your house
Do I pay capital gains tax when I sell my primary residence?
Most homeowners qualify for a capital gains exclusion on primary residence sales. If you've lived in the home for at least two of the past five years, you can exclude up to $250,000 in gains ($500,000 for married couples filing jointly). Consult a tax professional for your specific situation, especially if you've used the home as a rental or investment property.
Can I walk away after signing a purchase agreement?
Buyers and sellers have specific contingency periods to cancel contracts without penalty. Once those periods expire, backing out could mean losing your earnest money deposit or facing legal action from the buyer. Review your agreement terms carefully with your agent or attorney before signing.
How long does an Opendoor cash offer remain valid?
Cash offers typically remain valid for several days, giving you time to review and consider your options without pressure. If your offer expires, you can request a new one — market conditions might have shifted, so the new offer could be higher or lower depending on recent sales data.
What happens if my house doesn't appraise for the sale price?
In a traditional sale, a low appraisal can force you to renegotiate the price, or the buyer will need to bring extra cash to cover the gap. If neither party can agree, the deal might fall through. Cash offers eliminate this risk entirely because there's no lender requiring an appraisal.
Should I sell my house before buying a new one?
Selling first gives you a clear budget and eliminates the risk of carrying two mortgages. However, you might need temporary housing between closings. Cash offers provide flexibility — you can time your sale to align with your purchase, or use a rent-back agreement to stay in your home while you finalize your move.
This article is meant for informational purposes only and is not intended to be construed as financial, tax, legal, real estate, insurance, or investment advice. Opendoor always encourages you to reach out to an advisor regarding your own situation.