How to Sell My House Fast in Conway: Cash Offer Options

Pros and cons of selling to a Conway house-buying company

Deciding whether selling your Conway home to a house-buying company is the best move? Here, we’ll break down the most notable benefits and potential downsides of this approach to help guide your thoughts.

Pros

• Sell fast: Conway cash sales can expedite the home-selling process, potentially closing the deal in days rather than months.
• Skip repairs: House-buying companies generally buy homes as-is, saving you from expensive and time-consuming repairs.
• Easy process: These companies simplify the process, reducing paperwork and complexities.
• No staging or showings: You won’t have to prepare your home for showings, open houses, or complete any staging.
• Flexible move-out dates: Most Conway cash buyers allow for flexibility with your move-out date.
• No financing delays: Cash transactions eliminate the hassle of waiting around for mortgage approvals.
• Reduced or no closing fees: Many house-buying companies shoulder most, if not all, closing costs.
• Sale is guaranteed: Once you accept a cash offer on your Conway home, the sale is practically guaranteed, without contingencies that can stall or derail a traditional home sale.
• Can be a foreclosure solution: If you’re facing a possible foreclosure, a quick sale can offer a way out.
• Less work than a FSBO sale: Selling to a cash buyer is far less effort than selling your home on your own.
• Peace of mind: Quick sales can relieve stress and give you peace of mind.

Cons

• Lower offers: In most cases, a cash offer for your Conway home will be well below market value.
• Less competition for your home: With only one buyer, there’s no chance for multiple offers to spark a competitive bidding war.
• Can face hidden fees: Some companies may impose undisclosed fees.
• Not all companies are reputable: Beware of unethical companies that may be operating in Arkansas.
• A potential risk for scams: Do your research and make sure you’re dealing with a legitimate buyer.
• You give up control: The buyer dictates terms, leaving you with little control.
• No negotiations: You will often lose your negotiating power, as the initial offer is usually fixed.

Dustin Turner is a top-performing Arkansas agent who sells properties over 67% faster than the average agent in his market. He weighs in regarding the pros and cons of selling to a cash buyer in Conway’s market.

“Wholesaling is a common practice where companies make an offer on a property but may try to assign or ‘flip’ the contract to another buyer. If they can’t sell the contract, they won’t actually buy the house. This can lead to uncertainty and hidden fees for the seller,” says Turner.

However, for those dealing with overwhelming or urgent life changes, the speed and convenience of a cash offer sometimes can’t be beat.

Option 2: Hire a top Conway real estate agent

Even when the pressure is on to sell your house in Conway, choosing to team up with a talented real estate agent can be a game-changer. A seasoned agent boasts a deep understanding of the Conway housing market and its ever-changing trends, steering you toward a more rapid and prosperous sale.

Let’s take a quick look at the current market conditions in Conway, the benefits of selling with a real estate professional, and how to locate a top-tier agent in your neighborhood.

How fast are homes selling in Conway?

As of October 2024, the median days on market (DOM) in Conway is 48 days. The DOM represents the time between listing your house and having a signed contract. Once a home goes under contract, it typically takes an additional 44 days for buyers to finalize their purchase loan and officially close the process, bringing the total selling timeline to about three months.

Currently, the median home price in Conway is $163,000, while the sale-to-list ratio is 97%, meaning sellers are recouping almost the entire list price of their homes. Population is also on the rise. These trends indicate a market tilted in favor of sellers, where homes are turning over consistently, and demand still outweighs supply.

“The Conway market is very appealing and continues to have strong home sales despite a slower overall market. For sellers and buyers looking to buy or sell, you can feel confident about the future resale ability of that property,” says Turner.

Here is a snapshot of current real estate conditions in Conway:

*DOM average of multiple public transaction sites. Does not include the typical 44 days a buyer needs to close on a purchase loan.

Data source(s): CARMLS, World Population Review

Benefits of selling with a top Conway agent

One of the most certain ways to guarantee a quick home sale is through working with a top Conway real estate agent. They possess the unparalleled skills and expertise to not only facilitate a speedy sale, but also secure a higher price for your property. Let’s look at some of the key benefits that make partnering with an experienced agent in Conway a smart decision.

• Ability to sell for more: A talented agent can leverage their knowledge of the local Conway market to help you set a list price that attracts buyers and maximizes your returns.
• Can generate a speedy sale: Through their vast network and proven marketing strategies, a top agent can quickly find interested buyers for your home.
• Accurate, effective pricing: With a keen understanding of market dynamics and pricing trends in Conway, an experienced agent can help you price your home strategically to ensure a quick sale.
• Professional negotiation skills: Top agents have honed negotiation skills that can accelerate the sale process and secure a favorable deal for you.
• Expert partner by your side: An experienced Conway agent can guide you through the selling process, easing any concerns and eliminating stress.
• Will know what to fix and not fix: A knowledgeable agent can advise you on which repairs or improvements are essential in Conway’s market, and which are a waste of time and expenses.
• Elevated marketing: A top Conway agent will use advanced marketing techniques, such as high-quality photography and targeted advertising, to reach a wider audience quickly.
• Contract savviness: Seasoned agents are adept at handling real estate contracts, ensuring all terms are beneficial and speeding up the closing.
• Can manage documents and disclosures: Handling the paperwork can be time-consuming. A top-rated Conway agent can swiftly manage these tasks, freeing up your time.
• Network of skilled professionals: Well-connected agents have a network of local professionals in Conway, like inspectors, contractors, and lawyers, ensuring any necessary tasks are completed quickly and efficiently.

Even if you are leaning toward requesting a cash offer for your Conway home, top professionals like Turner recommend you consult with an agent first.

“Working with a real estate agent provides transparency throughout the entire transaction. A skilled agent can connect you with actual buyers, whether they are cash investors or owner-occupants, and typically offer a more straightforward and less costly path to selling your home compared to wholesalers or ‘We Buy Houses’ companies. An agent ensures that you’re not subjected to inflated fees or the uncertainty of a deal falling through,” Turner says.

How to find a top Conway real estate agent

Finding the right real estate agent in Conway can make all the difference in a speedy and prosperous home sale. HomeLight’s Agent Match platform is designed to help. By analyzing millions of real estate transactions and thousands of past client reviews, we can connect you with a top-rated agent who knows the ins and outs of the Conway market. Whether you’re selling your home or buying a new one, HomeLight can help guide you to the perfect agent for your needs.

Expert agent tips to help sell your Conway house fast

Experienced real estate agents in Conway know how to position a property for a fast sale. Below are insider tips recommended by leading agents, tailored to Conway’s unique lifestyle and market conditions:

• Capitalize on your home’s energy efficiency: Arkansans are increasingly conscious of energy efficiency. Highlight any energy-saving features of your home, from solar panels to efficient heating and cooling systems.
• Stage an inviting home office: Have your listing agent and a professional home stager perform a walkthrough to give recommendations on what will make your home most attractive to local buyers. In Conway, that often means setting up a comfortable home office space to appeal to remote workers.
• Showcase garden- or farm-friendly features: If your property has agricultural potential, emphasize it. Conway’s rich farming history may attract buyers looking for homes with garden spaces or room for small-scale farming.
• Prioritize outdoor spaces: Highlighting your home’s outdoor spaces is more important than ever to help your home stand out amongst the competition. Show off your property’s patio, deck, garden, pool, and any additional outdoor features.
• Emphasize proximity to local attractions: Highlight your home’s location in relation to Conway’s renowned cultural landmarks, like Cadron Settlement Park.
• Get a pre-listing home inspection: Top agents like Turner recommend conducting a professional home inspection, radon test, and termite inspection before listing. However, check with your agent about seller disclosure rules in Arkansas.
• Use professional photography: Especially in Conway’s increasingly competitive market, high-quality photos can set your listing apart and attract more potential buyers.
• Consider timing: Conway’s housing market can fluctuate depending on the time of year. Consult with your agent or use HomeLight’s Best Time to Sell Calculator to choose the best time to list your home.

Ready to sell your Conway house fast?

The ideal route to a quick home sale depends on your unique needs and priorities.

• If speed is your main concern, a cash offer through HomeLight’s Simple Sale could be your ticket to a fast, convenient transaction in Conway.
• Alternatively, if you’re looking to optimize your profits, hiring an experienced real estate agent who knows the Conway market can ensure your home is marketed and priced effectively. HomeLight can connect you with top-rated agents in the Natural State.

Still deciding between a cash offer or using an agent? It’s worth considering both. Comparing a cash offer from Simple Sale with an agent’s perspective can give you a more complete overview of your options.

Armed with expert knowledge, valuable resources, and a variety of options to sell your house fast, you’re in a prime position to navigate the Conway market with confidence and speed.

Header Image Source: (Roger Starnes Sr / Unsplash)

If you’re trying to sell your home fast in Conway because you’re buying and selling at the same time, check out HomeLight’s Buy Before You Sell program. This innovative buy-sell solution lets you make a faster, stronger, non-contingent offer on your new home and only move once. Watch this short video to learn more.