Thinking of Selling Your Home? Here Are 4 Options to Consider
The average sales price of an American home was $375,300 in March 2020.
Are you thinking of selling your home and want to cash in on the great selling prices? Then read on. Here are 4 options to consider.
1. Use a Realtor
You might be asking yourself: should I sell my house myself or use a realtor? This is a pretty traditional way of selling a house.
A realtor can list the house for you, as well as set a competitive selling price. They’ll also be the liaison between you and potential buyers. In addition, they’ll negotiate for you.
All in all, they’ll handle practically everything for you, including paperwork.
While it can certainly make things a lot easier for you, there are other ways to sell a house than to use a realtor. Check out more of your options below.
Image Credit: Paul O’Mahony via Flickr CC 2.0 – House for Sale2. Sell With a Home Buyer Business
Maybe you need cash, and you also need to sell your house as-is. In that case, you can look at companies that buy houses with cash.
With these home buyer businesses, you can get a cash offer within 24 hours of submitting a property information form. They’ll also close when you want to, even if your house is in terrible shape.
This option can be great if you don’t have the luxury of fixing up your home and then waiting for a long period to complete the sales process.
3. Do a Short Sale
Some people are able to qualify for short sales. If you’re facing foreclosure, falling behind on mortgage payments, and need to declare bankruptcy, then this may be an option.
A short sale doesn’t actually get rid of your property quickly; it means you can sell it for less than you owe on your mortgage. In fact, it can actually take longer to close than with a regular sale.
4. Sell It Yourself
Selling a house by yourself can be tough work, especially if you’ve never done it before and don’t have real estate experience. But that doesn’t necessarily mean it’s impossible.
Doing this is called for sale by owner (FSBO). You can list your home on your own, put a sign up front, or even utilize an FSBO website.
FSBO can take longer than using a realtor and other methods on this list. But you can save quite a bit of money.
However, it may leave you with more stress and more vulnerable to scams, which can lead to some dangerous situations. We don’t particularly recommend FSBO, but if you want to pursue it, it’s certainly an option.
Thinking of Selling Your Home? Try the Above Options
If you’re thinking of selling your home, then the above 4 methods are well worth a try. They’re great for selling a house as-is or in pristine condition.
Of course, selling on your own is always an option, but make sure you exhaust all your other options before trying to do so. This is the option that’s riskiest and most time-consuming.
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