There are many different ways to sell your home, the traditional ways, and then the not so traditional way. These include:
- For Sale by Owner
- Hiring a Real Estate Agent
- Selling to a Cash Buyer
So what is the best way of selling your home and the way that’s most profitable? Well, really that depends on your situation and your time frame. If you are about to sell your home, then ask yourself these questions:
- Does my home need repairs?
- Does my home need renovations?
- How much time do I have before I need my home sold?
- Do I have time to find a buyer?
- Do I have enough money to fix up the home?
- Can I afford realtor fees?
Your answers will determine the best selling approach you should take. But, before you decide, we will go over some of the problems you may run into when trying to sell your home using the traditional methods.
Selling on Your Own/through a Real Estate Agent
If you choose to sell using one of these two ways that is absolutely okay! You just need to know that these methods will probably cost you more money than it is worth, and they will take a lot more time than you would think. This is because you are going to need to repair and renovate your home so that it looks pleasing to a buyer's eye. These repairs are not going to add value to the home. You will spend thousands of dollars on changes for a home that you won’t even live in. These repairs and renovations are going to take a lot of time to complete and you may not even be able to list your home until they are finished.
If you choose to hire a real estate agent then be prepared to pay 4-6% of the final sale price of the home to the agent. This is going to take a huge chunk of your profit, and it may leave you with less money than you would have if you sold it on your own or to a cash buyer.
Selling to a Cash Buyer
If you sell your home to a cash buyer you will see more benefits than if you sold your home using the two other methods. A cash buyer won’t require you to make any repairs or renovations. This will save you time and money. You won’t have to hire a real estate agent or list your home on the market by yourself. If you don’t hire a real estate agent then you aren’t going to have to pay the high realtor fees.
Selling to a cash buyer will save you a lot of money and it will save you a lot of time. Here at Enlight Homebuyers, we are cash buyers and we want to purchase your home as is. No need to make any changes to the place. Sell us your home and we will get you the cash in just 7 days! Give us a call today at 317-333-7011.