Have you decided to sell your house or are you still weighing the important factors for making this decision? No matter where you are in this process, there is no need to look any further than Darrel Buys Houses! Our real estate specialists are able to answer your questions and make the home selling process as easy as possible. We know that selling your house is a major decision and there are many factors that go into making the right decision.
1. Should I list my house on the MLS through a traditional real estate agent?
Traditionally a real estate agent will have you sign a contract that is mainly a guarantee that the agent will make a commission if your house actually sells. It is not a guarantee that your house will sell. It does not guarantee that the realtor will find a buyer for your home. By placing your house on the MLS it gives other agents the ability to see that you are interested in selling your property. Typically the agent that lists your house is not the same agent that brings the buyer.
There are some agents that work hard to sell your house. Some agents invest in marketing the houses that they have listed. If you are considering listing your house with an agent then you should definitely ask them to give you an entire marketing plan for how they will sell your house.
2. Should I try to sell my house by myself?
Today there are many options for people that would like to do a For Sale By Owner or FSBO. The real question comes down to whether or not you are willing and able to do what is necessary to market your home and work with the potential buyers to ensure that a deal can be made. Do you have the time to devote to hosting people going through your house when they want to view it. Are you financially able to continue making mortgage payments for a significant amount of time, until a buyer is found? Do you have a budget for marketing? Are you good on the phone? Are you able to answer phone calls from interested parties and get them to schedule a viewing? Once a potential home buyer has viewed your home, how are your sales skills? Do you know how to determine if a potential buyer is financially qualified or able to buy your house?
3. Should I sell my house to a real estate investor?
Many people never consider selling their house to an investor. Some homeowners are completely unaware of this option while others have heard bad stories from unscrupulous investors. Depending on your particular situation, a real estate investor could be a good option. Typically investors are interested in buying properties from motivated sellers. Investors are normally all cash buyers that buy houses as is. They are often able to provide solutions for distressed properties that are not available from the traditional sales process.
4. What repairs do I need to make to my house?
This is an important factor to consider when you are thinking about selling your house. What type of repairs need to be done on your property? There are structural repairs and cosmetic repairs. Obviously if you are going to try to list your house with a realtor or do a FSBO then you will need to fix as much as possible in order to make your house as appealing as you can for potential buyers.
If the person that wants to buy your house needs to get bank financing, then the bank will typically require that any structural problems are remedied before they will loan the money for the purchase. Most real estate agents will not want to list a house that needs a lot of repairs.
When you sell your house to an investor, you are able to save all the money that you would have spent on repairs or renovations. If an investor decides to buy your house they will buy it as is no matter the condition or location. Depending on what repairs that your property needs, this could result in quite a significant savings.
5. How much money will I be able to get out of my house?
When you are weighing out your choices for selling your house, you should consider the cost of repairs that you will have to make and add that to the cost of the real estate agent’s commission (normally 6% of the sales price of your house) and add to that the closing costs that you will be responsible for paying. This will give you a basic idea of the expenses that you will have to deduct from your sale.
Your listing price is always just a starting point for negotiation. In most every real estate transaction some negotiation will be made that will cause you to come down on the asking price. Once you have arrived at the final sales price then you will need to subtract the amount that you still owe on your mortgage as well as the costs listed above. This will give you the figure that you will make on your home sell.
6. Is this a good time to sell my house?
There are certain times that are good to try to sell your house. Normally the spring and summer are the best times of the year. Once it starts getting close to the holiday season, people do not think about moving. Another factor to consider is how many other houses like yours are for sale in your community. If people have many choices then it will be more difficult for you to sell your house. An investor or an agent can tell you the current condition of your local real estate market.
One of our friendly and knowledgeable real estate professionals would be happy to answer any questions that you have about issues with your house or property. We can even come out and give you a no obligation cash offer on your house to help you get an idea of what your house is worth. (214)306-8626
Give us a call today!