Selling your home doesn’t have to be entangled in confusion and paperwork. It doesn’t have to be a headache that holds you back from your next step in life. It doesn’t have to mean you’ll lose money or spend months tugging at the market. Your home has a story, and everyone’s story is different. So be the master of your story and find the way that works best for you and your family.
3 Popular Ways to Sell Your Home
When it comes to selling your home, you have options. Every option has its pros and cons. Here are the top five ways people sell their homes:
- Through a real estate agent: This method is often considered the traditional way, as many think it is the only way. This approach might usually apply to homes that are in market-ready condition and the seller is in no big hurry to sell and move on. Selling through the market can be a good option for a modern home in a desirable area, but real estate agents don’t do it for free. They will typically charge a commission fee of 6% of the selling prices, which can be a chunk of cash.
- Selling the home off-market: Keeping your home off the market means you avoid hassles. There is no dealing with real estate agents, mortgage loan officers, inspections, appraisals, and all that jazz. Selling off-market means selling to a cash home buyer.
- Through a for sale by owner: This option is similar to the first except it eliminates the real estate agent from the equation. The house is sold on the market, but it removes the real estate agent’s commission and means the owner is personally handling the sale of their home.
Don’t Jump In Blindly, Arm Yourself With These Tips
Regardless of the option you choose, here are a couple of things that might help you navigate the sale and get to know the home-selling arena.
Tip #1 Learn About Your Home Value
Thanks to the internet, today’s home sellers can jump on a couple of sites and get a good idea of what their home might be worth. Several sites might give you different values and knowing the ballpark figure can put you in a better position when negotiating the value of your home. Several factors might need to be factored in, of course, including the condition of the home, needed repairs, etc.
Tip #2 Consider the Condition of Your Home
The condition of your home will be a deciding factor in how you might go about selling it. A cash home buyer will buy your home as-is. And as it means just that. Whether it’s the home you inherited from grandma and need to get rid of or a home that sustained considerable damage. With an old roof, creaking stairs, or bad plumbing, an as-is buyer will buy it just in the condition that it is in. That’s part of the deal. A home with these kinds of problems is not easily sold on the market. So once you closely evaluate the condition of your home, this can help you get a better idea of what option is best for you.
Tip #3 Do a Few Calculations
Selling your home fast means that you don’t have to continue paying the mortgage on it while it sits on the market. The home can be on the market for several months before you finally sell it. For many people, time is money. At the same time, if you factor in repairs, adding curb appeal, or even surface touch-ups, it’ll add to the overall cost. Crunching these numbers can help you decide what is the best way to sell your home.
Tip #4 Consider Your Personal Circumstances
The decision will ultimately depend on your reasons for selling and your personal circumstances. If you desire to get rid of the home fast and do not want to wait for months on the market, consider the other option of selling for cash. Homeowners that are in a rush to sell might not have the time to wait around for the right bidding war.
Tip #5 Do Business with Reputable Entities Only
The internet is a good place to look for reviews on home buying companies or real estate agents. Whatever option you chose, you want to do your due diligence first and learn a little bit about the person or entity you are making a transaction with.
Ready to Sell? Ask a Trusted Cash Home Buying Company for More Info
Still not sure what route is best for you? Why not pick up the phone and learn more about your options. Here at El Paso Cash Homebuyers, we are happy to explain the process to you. It’s really simple! We see your house, make an offer, and talk it over.
Why not give it a shot? Call us today and get more information.