If you are at the point where you are thinking about selling your home, there is the issue of how you will go about doing this. There are many ways you can sell a house. The following are three of them, along with the advantages and disadvantages of each possibility.
You can sell the house yourself
This is an idea that many homeowners have, and the reason is clear. You will save money on the commission. Depending upon the market value of your home, this can be quite a large sum of money. But if you sell it yourself, you will need to do all of the marketing. You won't be able to sell the house simply by putting up a sign in your front yard. So, if you have some marketing skills, along with skill in selling, this could be a way to go. However, realtors have a skill set that is not easily replicated by the average homeowner.
You can hire a real estate agent
This is what most people do, and there are great advantages to it. An agent already has many contacts in the industry. They often have contacts outside of the city and state you live in. A real estate agent has the ability to screen potential buyers of houses, so only those who are interested in your home's price range, location, and other attributes are shown the house. Real estate agents have selling skills that you don't likely have, and they act as a buffer between buyer and seller. This is a distinct advantage over selling the house yourself. Naturally, all of this comes at a cost. You will pay a percentage of the selling price.
You can sell your home to a house buyer
This type of business buys residential houses. They will inspect your home, and then make you an offer. There are two important advantages to selling to a house buyer. The first is speed. It takes time to sell a house, and if you don't have a lot of time to do this, a house buyer may be the way to go. Another reason to use this type of selling method is that you may have a house that needs many repairs, and you are not willing to spend the money and the time to bring the house up to a selling condition. The downside to this type of transaction is that you won't get the maximum price for your house.
As you can see there are both advantages and disadvantages to all three ways to sell your home. Although you may be able to save on a commission by selling the house yourself, you will need to engage in both marketing and salesmanship. Real estate agents have many skills, but they must be paid for these skills. And a house buyer is the fastest way to sell a house, but you won't get top dollar.
If you're looking to sell your home, reach out to a local real estate agent for more tips.Share
2 September 2020
About a year ago, I realized that there were some serious issues with our home. I could tell that we needed to do something to upgrade our residence, so we started looking for a different property. I was able to find a really nice real estate agent who could help, and they worked hard to pair us with the perfect home for our budget and lifestyle. Now I can honestly say that I love my home, and I couldn't have chosen a better one on my own. Check out this blog for great information on improving real estate holdings and finding a better home.