Three Ways To Attract the Right House Buyers
When you’re looking to sell your home, there’s a lot of different ways to do it. From agents to cash buyers to short sales, it’s easy to get lost in the method. Selling a home is hard, after all! But with this quick list, it might be a little easier to figure out how you should do so. Before you even list your home, consider the three different ways to sell your house, and which type of house buyers might be best for you.
1.Working With An Estate Agent
Working with an estate agent is the quintessential way to sell your home. You hire someone, they list your house, they tell you what repairs and renovations need to be made, they market your home, and then they find a buyer and help you close on your home. You get a lot of extra help in this process, and working with an estate agent actually helps you get as much money as possible out of your home. However, it does come with drawbacks. You have to pay for your repairs and renovations when you hire an estate agent, and you also have to pay a commission fee. A commission fee is your estate agent’s percentage of your total profits from your house– oftentimes up to 10% of your hard-earned money. Even worse, estate agent-sold homes can sit on the market for up to a year before attracting a buyer. This delays your closing, and can keep you from moving until you have the money to find a new home. These drawbacks are steep– and if these aren’t prices that you want to pay in order to sell your home, hiring a estate agent isn’t the right choice for you.
2.Finding The Perfect Cash Buyer
Cash buyers are one of the best deals in real estate. When you sell with a cash buyer, you receive the money quickly and in as little time as it takes to complete the sale. Cash buyers will purchase your home and property in as-is condition, which means that you don’t have to pay for repairs or renovations. Cash buyers also, by the very nature of who they are, don’t have to fight with a mortgage lender in order to buy your home– which means that your sale gets completed faster, and that you have less of a headache when selling. However, there’s one very big drawback when talking about a cash buyer– you’ll oftentimes receive up to 10% less profit on your home than you would when selling with a estate agent. However, you also don’t have to pay any commission or repair fees, so this might be a blessing hidden as a curse. Cash buyers are a quick and easy way to sell, but they don’t reap quite as many rewards as selling with an estate agent might.
3.Looking Into A Short Sale
Short sales are a rarer way of selling your home, and they’re best for people who are struggling to pay off their mortgage. When you sell in a short sale, you have to contact your mortgage lender first and see if they agree. If they do, that means you get to sell your home for less than you owe on your mortgage, and you don’t have to repay the rest of it. This means you get very few profits from your home sale, but you also get rid of a property that you can’t pay for. It’s a trade-off, for sure, but it might be the best option for those who are struggling with money and can’t find a buyer for their problem home.
Deciding Among the Three Different Ways To Attract House Buyers
No matter who you are, no matter what kind of home you’re selling- you’re going to find the perfect house buyers. Those buyers might come easier, though, if you start out with a cash-for-homes investor. When you work with a cash buyer, your sale is guaranteed to go through, no matter the condition of your home. That’s something none of these other ways of selling can guarantee, and if you want to move quickly and with as much money as possible, it’s easy to see why a cash buyer might be the perfect pick for your move.