How Would You Like to Sell Your Home?
Selling your ex-dream home can be a challenging experience. You would like to hire a successful realtor. You want to know about your options and the least disturbing way to sell your home for the maximum profit.
We can understand your frustration. In the real estate sector, there are only three ways to sell a home which are “FSBO,” “selling with agents,” and “selling for cash.” You can either go on your own, work with a realtor or sell to a redevelopment company. This article explains the cons and pros of each option.
Selling By Owner
“Selling home by owner” is becoming more popular, but statistics show that more than 80% consumers hire an agent to sell their home. According to reports published in 2015, FSBO makes 8% of all real estate transactions in the calendar year.
For sale by owner also gets you a lower price on your home. This statement is considered a myth by most real estate experts. However, working with an agent is a sure way to reduce stress and get a higher price on your home.
The best part is that you do not have to pay realtor commissions. Prior experience in real estate/construction industry is mandatory. Read online details and see if you can handle the entire transaction.
Another important step is to check your area. Is it a custom here to sell with realtors? Will you be able to get attention with a FSBO sign?
Most homeowners have never sold a property before, and they have no prior experience in the real estate industry. In such cases, you should consider paying the buyer’s agent to help you speed up the entire process.
Work with an Experienced Agent
Experience comes at a price, and it will save you where a simple Google search will not work. Realtors receive education about real estate transactions. They possess neighborhood knowledge and a logistic brain to help you analyze the profit/loss mechanism in any deal.
They know the market statistics, marketing methods, and negotiation skills. These qualities can help you sell your home at the maximum price.
Furthermore, working with a realtor will save you from unwanted stress and sleepless nights. You can trust your broker to take over the job. If you look at the situation that way, 6% realtor commissions are worth every penny.
However, there are times when you cannot afford to pay those hefty fees. For example, in the case of a divorce or foreclosure, you are facing a tight deadline and a tight budget. In such situations, you must sell your home quickly without spending a penny.
This is where the next solution can help you.
Sell Home for Cash
That sounds like a great deal. If you sell home for cash, you will not have to wait for the bank approval. The buyer will immediately finance your home which means cash will be instantly transferred to your bank account.
Wait, ponder for a minute, who is going to buy your property?
Is it going to be a friend or a first-time buyer?
Do you have a wealthy friend who will buy your home? If not, you should contact a residential redevelopment company. These companies purchase homes in need of significant repairs and put them back on the market after extensive renovation. It is best to sell bank owned, damaged and foreclosed homes to a redevelopment company as they are willing to purchase the property for cash value.
You can ask your agent to connect you with a local company or contact these companies yourself.
The advantage of selling to an investor is you do not have to pay commissions or closing costs. The company will buy your house as-is.
About the Company:
JJW Homes LLC is a residential redevelopment company in San Francisco Bay area. Our mission is to rejuvenate neighborhoods by renovating homes one at a time. We help people going through foreclosures by purchasing their homes for cash. In this way, we assist individuals who need immediate cash. Next, we rehab those distressed homes and sell them to new families who are looking for affordable yet modern homes.
Contact us now to sell your home.