Since I have not seen or inspected your home, I am not at liberty to say your home is still worth the price you paid for it. It may even be worth more than you paid for it a year ago, as it all depends on the market, where you live, and the supply and demand. Basically, the economy in general today makes it a tough market, yet there is always someone in need of a home. It's all about just finding that one buyer who absolutely would like to live in your home. Since I do not even know when you purchased the home, it would be hard to say as well. You should talk to a licensed real estate agent and get an appraisal on the home first, then have the real estate agent represent you.

There are websites out there that pay cash for homes. You can list it on Craigslist, Oodle, Google Base, Listasaurus, and so forth.

Once you find a buyer, you can have them provide you a cashiers' check or a certified check, which is as good as cash, as it will certainly clear. A wire transfer can also be used. The buyer can save quite a bit of closing costs when you are paying cash for a home.
Source(s):
http://wiki.answers.com/Q/How_do_you_buy_a_home_with_cash

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Try home swap!
A swap would work with both sides agreeing on a price and cutting checks to each other. But the owners can avoid the chance of getting stuck with two mortgages as well as real estate commissions.
Start with Craigslist in different cities!
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Wait two years, then sell.
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find some drug dealers who need to laundry their money... ?
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Hi catsmeow,

My first question is: do you need the cash right away? If so, then read on. If not, just list it for $160-165, and see who bites... then offer them a $5-10K discount and see if that sweetens the deal and gets them hooked.

So, you need the cash right away? What you're going to want to do is find an investor who buys houses for cash in your area. Do this by placing an ad in the paper with trigger words like Motivated Seller, Need Cash, Must Sell, etc. These are red flags for investors--they don't want to know how Charming or Beautiful it is--they just want to know you're motivated. Why? Because. People who are motivated are often willing to take much less than the market price. And that's why these investors make money, and have cash to spend on houses.

Once you place an ad and get some calls from these guys (or gals, but I'll refer to the group as guys since that's who most of these people are), get the ball rolling and show them the house. If they like what they see, they'll interview you to find out why you're selling, etc. Work with them. Make them an offer they can't refuse. They're going to play the high-low game, so start out a bit higher than you want to sell it for, and meet in the middle.

These guys have formulas and the good (smart) investors won't pay more than 75 cents on the dollar for a house... so if you want to get $155K for your house, it better be worth at least $206K. If your loan-to-value (LTV) is at 75% or less, you have a fair chance at getting cash fast, at the price you want. If it's anything more, say 80% or above, investors probably won't look at you these days--but it all depends on one thing: your specific market.

How's your local real estate market? Here in my state of California, it's being absolutely destroyed. I'm not familiar with Colorado's market, but that's something to consider, too, if you go this route. The worse the market, the lower LTV you will probably need in order to get your $155K target price. If the investor's able, he might try to create some equity by buying your 2nd mortgage (if you have one) at a discount and creating equity. But that's a whole 'nother post in itself that I won't go into here. Just know that equity can be created if the investor buys the 2nd loan at a discount. Equity can be created by investors buying the 1st at a discount, but that's a little more rare by virtue of the fact that they're in 1st position and first to be paid.

If the investor chooses to extend an offer to purchase, it depends on the investor but the whole deal will probably close in 2-5 days and you'll have cash in hand so you can buy your new place. These guys typically use either their own money, or the have investors of their own, whom they borrow money from or partner with to do deals. They also have relationships with real estate agents, mortgage brokers, etc. so everything generally flows smoothly and quickly because they transact deals on a regular basis.

OK, what else? Oh yes. Newspaper might not yield enough investors. In that case, you'll want to seek them out a different way. Go to your county clerk/recorder's office and search the index for something called an Assignment Deed of Trust. Look for instances where the bank has sold its loan to a private individual--a private investor. Grantor or Assignor will be the Bank, and the Grantee or Assignee will be the person, AKA Joe Bloe. This means that the bank has sold its loan to Joe Bloe, a private investor. He probably has a relationship with someone at the bank and buys notes from time to time as an investment. (I.e., he buys the note at 50% off, meaning he paid $50 but the note's really worth $100).

These guys are often off the radar, very low profile, and have some extra cash lying around looking to be put to work. Get the contact information for these guys either through the Assignment Deed of Trust document itself, or the phone book, or even talking to the clerk/recorder front office people, who often see these investors on a regular basis, then either call or send a letter to them asking if they'd be interested in buying your house at a discount.

The key to remember is that, if you're looking for fast cash, investors don't care how beautiful the house is. Exact opposite. They're looking for average or beat up houses that they can fix up (i.e., add value to) and sell for a profit. Or, they're looking for rental income. In either case, they're only going to buy it if the price is right, and like I said above, that price is generally 75% LTV, or 75 cents on the dollar. Any higher than that, and your chances of getting cash (i.e., a quick sale) go down significantly.

Hope that helps,

Mike

P.S. Good luck.
Source(s):
Experience

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