June 21st, 20083 Ways To Sell Your Home
In today’s real estate market, selling a home can be very stressful. There are several options to choose from which can meant the difference between selling your home for a profit, or barely breaking even. Depending on your situation, below are some of the options available to you when you make the decision to sell your home.
Selling Your Home Using a Real Estate Agent
A real estate agent can be a very valuable tool if you have the time and the equity to spare. An agent will come to your home, evaluate your property and assist you in coming up with an asking price. They will be responsible for marketing your home, presenting offers to you and guiding you through the negotiation and closing processes.
If you make the decision to sell your home using a real estate agent, there is definitely a trade off; less profit for you. Typically an agent will earn 3% commission for assisting you in the sale of your home. Another 3% commission will go to the agent who brings you a buyer. You can expect your home to be on the market for 6 months up to 1 year or longer when using a real estate agent.
Selling Your Home For Sale By Owner (FSBO)
Deciding to sell your home FSBO will most definitely save you money on a Realtor commission, but can cost a large amount of your time. FSBO will require much more work out of you and usually takes quite some time to sell. Be prepared to handle everything on your own , such as the numerous phone calls requesting information on the property details, marketing the property and open houses.
Selling your home FSBO often means less exposure of your property to the real estate market. When you work with an agent, she adds the property to the Multiple Listing Service (MLS) which exposes your home to the entire market for other agents to show. Using plain FSBO signs and newspaper ads severely limits the amount of people that know you want to sell your home. A FSBO sign in the yard is a red flag for an agent; meaning that you may not want to pay them a realtor’s commission. This typically results in fewer agents telling their clients about your property even if they see your sign or your ad in the paper.
There is always a chance you may get lucky and find a buyer relatively quickly. Ensuring all that money you saved on an agent goes straight to your bank account. If you make the decision to sell your house FSBO in this market, be sure to have a good marketing strategy and a lot of patience.
Selling Your Home Using an Investor
Investors are people who buy and sell properties to make money. They usually sell the homes for profit, rent them out, or hold on to them in shaky markets. The biggest benefit in making the decision to sell with an investor is the time it will save you.
Typically, an investor will be able to get you the money, possibly in cash, within a few weeks. There are no ads to run, no commissions to pay and very little stress on you. Everything can be taken care of in little time and you can take your money and move on with your life.
Keep in mind, investors are looking for a discount on the home in order for them to make a profit. They definitely want to help but the transaction has to be win-win for both parties involved. The speed and lack of uncertainty is the primary reason most choose an investor to work with.
April 16th, 2010 at 10:01 am
Как это можно определить?…
Этимологический словник російської мови (укладач Крилов Г.А.) Deciding to sell your home FSBO will most definitely save you money on a Realtor commission, but can cost a large amount of you…
May 3rd, 2010 at 12:50 pm
Не нервничайте, лучше опишите подробно ошибку….
Дизайнер верстальщик, наборщик, сканирование, обработка фото Deciding to sell your home FSBO will most definitely save you money on a Realtor commission, but can cost a large amount of your time…