There is a lot to consider when you are selling your home. Whilst you may prefer to spend your time looking at stunning show homes in West London, UK or luxury apartments in Spain, you’ll need to invest some time in marketing your own property first!
No doubt you’ll want your home to sell quickly, and for the best possible price. If you’re wondering how to find the perfect buyer for your house, this article is for you. It will discuss some of the key options you have available to ensure that you get a great deal for your home.
Seek A Cash Buyer.
If you go online you’ll discover lots of different companies that are willing to buy properties this way, and if you’re in a hurry this may be one of your best options. You should discover in advance what is a fair cash price for your home, and always research the different companies before making any decisions. It’s well worth reading online client reviews as this will give you an idea about what other people thought about their service.
Mobile Homes.
Even mobile homes can be sold for cash, no matter where they are in the USA or in what condition. Simply go online and search for mobile home buyers – they’ll be happy to give you a free no-obligation offer and the chance to sell quicker than when using a realtor. Without the added trappings of listings and broker viewings, commissions or fees you may be able to receive your funds within a week.
Go through an estate agent.
Many people seek this option because they are busy and inexperienced in house sales. In exchange for the commission fees, a real estate agent will handle all the details of selling the house for you. You should hire an experienced real estate professional with good connections in your area because they will be able to sell your property faster than someone who doesn’t know the local market as well. Other advantages include:
- Your home will be exposed to a large number of potential buyers through high-quality websites
- A real estate agent has access to resources such as open houses and online tools so he/she can determine which offers are most attractive
- You won’t have to deal with showing your property to potential buyers or negotiating contracts
The Disadvantages
- People often have to pay between six and seven percent commission fees
- The real estate agent may not spend enough time marketing your home, resulting in a lower price
- The buyer they choose for you might be unsatisfactory or the terms of sale unacceptable
Take It To Auction.
A real estate agent will get the current owner of the property to agree to sell at a certain price. In contrast, auctions depend on the bids received from the possible buyers who are present at a specific event. If someone is really keen to purchase your home they may bid higher than expected, so they can beat the competition.
On the downside, a lack of bidders could end up with there being no sale at all. In this case, the house will go back on the market and you’ll need to find a new buyer. If your home doesn’t sell for what it was listed as originally it can be very frustrating, and you will have lost money as a result.
Look For An Investor.
Property investors have money to spend, and they’re always on the lookout for new properties that can be turned into ‘cash cows’. When someone with this type of mindset sees your home, they may decide to buy it immediately, even if there is something wrong with it. They may offer you a fair price for your property and won’t nitpick over renovation costs or anything else. All they want is to make sure they can turn it around and sell it for a profit. Whilst some investors want to ‘do up and sell’ others will want to become landlords to a host of tenants. This will give them a regular passive income, whilst the property value is expected to rise over time.
Investors look for homes with hidden potential, ie. something about them that suggests renovation will be profitable. A good example would be exterior renovation: if there’s space on the front lawn, investors may see this as an opportunity for adding value by installing landscaping or planting trees. Alternatively, they may have the money to extend the property and add bedrooms, bathrooms or a garage. Solar panels and swimming pools are also great ways that people enhance their property values.
Do It Yourself
If you are able to sell your home without the help of a real estate agent you will save money on not paying the commission we discussed previously. Take a look at your neighborhood and see what other similar homes are selling for by checking out specialist websites on the internet.
The other advantages of not using a real estate agent are that you will be able to present your home the way that YOU want. Because you’ll have total control you won’t have to wait for a real estate agent to schedule showings. Instead, you can oversee these yourself at a time that is convenient to you. You could also try using different listing websites that connect homeowners with buyers directly such as Craigslist, Gumtree etc…
The Disadvantages
Some of the sites we just mentioned are popular amongst scammers, so take precautions when dealing with people online. If you sell your home without professional help you may not reach as many people as a realtor, and you’ll need to make sure you get what the property is worth at the negotiation stage.
You now understand some of the key ways to find the perfect buyer. If you do the research and choose wisely you may end up selling your home at a great price to someone who will enjoy and look after your home for many years to come.
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