When you are ready to sell your home, you want to make smart decisions. Before you take the first step, there is a common myth to avoid. If you have heard there are only two options for selling your house, you need to know this is not true at all. You will have a much better experience if you do not sell through a real estate agent, and do not try to sell your house on your own.
1. Selling Your House Through A Real Estate Agent
While hiring a real estate agent to sell a house is a popular approach, it is not necessarily in your best interest. There are a number of reasons to consider.
Perhaps you assume a real estate agent will devote much of his time and effort into selling your home. The fact is a real estate agent is likely to have numerous houses in inventory, and will not focus solely on yours. His focus will be on houses that have high selling prices, so he will obtain the highest sales commission.
While there are numerous costs associated with hiring a real estate agent, one cost to think about is his commission. If you need to pay him six percent, it can have quite an effect on the amount you actually receive.
Another complication is you will be expected to fix up the house before he lists it for sale. Even if your home is in relatively good condition, this can be time-consuming and expensive. You should also keep in mind that the time and money you put into fixing up your house does not guarantee a fast sale.
An additional point to consider is the real estate market. On average, homes remain on the market for 60 days. This can result in more complications that you do not need when you want to sell your home quickly.
2. The For Sale By Owner (FSBO) Alternative
Perhaps you believe you can avoid all of these complications by selling your house on your own. If you take this approach, you will find it is a mistake.
If you try to save money by not hiring a realtor, FSBO is not the best alternative. It can be more costly than you realize. First, you must spend money to market your house. You will need to pay for ads in the newspaper, signs, and listings on Internet sites. Second, you must prepare your home for the market by fixing it up. With FSBO, you may not even know which repairs and upgrades are needed.
FSBO requires a lot of paperwork. From a title search and disclosure documents to checking the financial qualifications of prospective buyers, it is time-consuming and stressful. If you do not have knowledge of real estate, it is not difficult to make mistakes.
For Sale By Owner is like having a part-time job. You may not have this much time to invest in gathering information, showing your home to prospective buyers, and all of the other activities associated with selling a house. You should also keep in mind that up to 80 percent of homeowners who try to sell their own homes do not achieve the results they want. Often within weeks of listing their homes, they hire a real estate agent.
Another reason to avoid FSBO is the amount of money you will get for your house. FSBO sellers usually receive lower offers and end up settling for less than they had wanted. It can be quite disappointing to put all that time and work into selling your house, and not getting nearly as much for it as you had hoped.
Is There A Better Way To Sell Your Home? YES!
Selling your home without a real estate agent is definitely the best solution. Not only can you avoid the complications that come with hiring a realtor, but you also do not need to deal with the complications of selling your home on your own. You have a third option that is much better. With this option, you do not need to make upgrades or repairs, deal with realtors or prospective buyers, or spend months worrying that your home may never be sold.
Bucks Buyer can make selling your home a fast, easy, enjoyable experience. As we buy homes directly from homeowners, there is very little you will need to do. You can receive an offer on your home as soon as you call. It is a simple way to save money and time.
We have plenty of experience in buying houses. This includes homes that required repair work, homes that had been for sale with no prospective buyers, and homes from individuals who needed to sell their houses fast for a variety of personal and financial reasons. Divorce, death, bankruptcy, or the need to relocate does not give a homeowner much time to sell a house. We offer the same fast solution to you as we provide to all of our satisfied customers. We’re professional real estate consultants. That’s all we do. If you need to sell your house fast, call us ASAP!