Selling your home is a big decision. People need or want to sell their homes for many reasons. It can be due to financial reasons, legal reasons, or a change of job. Perhaps there was a death or illness in the family. Maybe your nest is too empty. You could have finally found your dream home. Whatever the reason it’s time to move on to the next chapter of your life, it can be exhausting, time-consuming, and depending on its condition, expensive.
The Traditional Way may get higher price but at what cost?
If you choose the traditional route of hiring a real estate agent or broker to sell your home, there will be additional expenses and inconveniences. While you may get a higher price, you need to consider what you must spend, what you must do, and how long those tasks will take. Here are some things to consider when deciding the best way to sell your home:
Commission and Fees
Selling with an agent means you must pay them a percentage of the selling price for their time and marketing efforts in addition to various closing fees.
Cleaning, Repairs & Upgrades
Before you can put your home on the market, you need to make it attractive so potential buyers will fall in love and make an offer. This can mean deep cleaning, repairing anything visibly broken, freshening the paint, and often investing in some upgrades.
Decluttering and Staging
If you want that top-dollar offer, you still need to stage your home so it has that magazine-worthy look for marketing photos and walkthroughs. This means rearranging furniture for looks rather than function giving the illusion of more space. You will have to pack up your personal items to depersonalize and eliminate any clutter so potential buyers can see themselves and their belongings in the house and not yours.
Open Houses and Showings
When the house is clean, repaired and staged, photos and videos must be taken for all the world to see your home online. Then it is time for potential buyers and other agents to view and inspect your home. You must keep your home in pristine condition so it can be shown at a moment’s notice. You have to be willing to pack up the kids and the pets while strangers parade through your home, serious or not.
Additional Expenses Waiting for Sale to Close
Maybe you were successful in obtaining that high offer you were willing to spend money and time to get. You still need to wait for the sale to close. In a perfect world, the closing date is convenient for the buyer, seller, and mortgage lender but it often requires concessions made by one or all the parties to meet in the middle. The farther out the closing date is, the more additional expenses you must cover while you wait.
Property taxes, insurance, maintenance costs, utilities, mortgage payments and interest all must be paid until transfer of ownership takes place. If you already purchased your new home and the closing dates don’t line up, these expenses may duplicate and even require bridge financing to cover two mortgages. Even when you have an acceptable offer and desirable closing date, there is still risk involved until ownership has transferred. Can the buyer secure financing? Will all the conditions be met on time? Will the closing date need to move?
An Easier Option Saves Time, Money, and Stress
Now imagine an easier, faster way to sell your home. Selling your home to a private home buyer “as-is” for cash puts the control back in your hands. While the selling price may be lower, the net proceeds will not likely be that different. A private home buyer, or house flipper as they are sometimes referred to, is essentially taking on the tasks required to get a home ready to sell on the market. They buy your house for a cheaper price and spend money and time to fix it up, finance it until it’s ready, and then sell for a higher price to cover the costs and some profit for their time.
No commission or Fees
Selling privately means selling off-market. Your house doesn’t need to be listed on MLS sites and no commission or listing fees are required. You can even negotiate for closing costs to be included so you don’t have to pay a penny.
No Cleaning, Repairs, or Upgrades
Selling “as-is” means just what it sounds like. You don’t have to do a thing. Private home buyers will purchase your home in any condition, so you don’t need to waste valuable time and money transforming the home into a magazine worthy property.
No Decluttering or Staging
Again, private home buyers buy “as is”. They can even include packing, sorting, and disposing of unwanted items you want to leave behind. It doesn’t get any easier than that especially if you are selling an abandoned property or one that you have inherited.
No Open Houses or Showings
A private home buyer will take a look at your home without any prior preparation required. They will assess the market value of the home will be after they have readied the property for sale. They estimate what it will cost to get it in to that condition. Taking into consideration what it will cost to finance the house while the work is done and the cost of the work required including their time, they provide a fair cash offer for your home. No additional visits are required.
No Additional Expenses
A private sale puts the control in the hands of the seller. You choose the closing date that works best for you. It can be quick so that another month doesn’t pass resulting in saving additional property tax, maintenance, insurance, utility, mortgage, and interest expenses. It can also be extended as long as it takes if you need time to find your next place to live. You can be comfortable knowing you’ll have money in the bank when you need to close or put deposits down on your new home.
Selling your home is still a big decision and can also be a big job. Perhaps you are handy, have time on your hands and access to discounted construction materials. In that case, doing the work yourself and paying commission to an agent is the way to go to get the most money for your home. But, if you don’t have the time, knowledge or access to supplies, there is an easy solution. You can pass the responsibility of getting your home ready to sell on to a professional who loves to complete these projects. This leaves your valuable time available for what is more important while saving the inconvenience and added expense too.
Choose The Right Buyer
Looking for a private home buyer to learn more about this easy alternative?
Contact Matt Scott from MJS Properties. He has the skills, knowledge, and ability to accurately estimate the costs of transforming your home. This ensures you get the best offer. He has investors behind him to enable a secure offer that will close when you need it to. And he manages the project himself instead of serving as a wholesaler who must sell the property to another to complete the work.
You will get a better offer without having to cover the cost of a wholesaler’s commission. Give him a call today for a no obligation offer and see what he has to say. Even if it’s not the right choice, his ideas and vision for your property are worth the time of a conversation alone.