Looking to sell your investment property without the high costs and time commitment? Discover alternative selling methods in our most recent blog post!
When it comes to selling a property in , listing it may not always be the optimal choice. The expenses involved in repairs, agent commissions, and the prolonged waiting period can accumulate rapidly when working with an agent. Here, we present various selling strategies to help you secure the best possible deal in the shortest time frame.
Consider Selling Your Property Independently
Opting to sell on your own eliminates the need for an agent’s fee. However, you will be responsible for covering marketing and closing expenses. Handling tasks like call screening, inquiries, and property viewings can consume a significant amount of your time each week during the sales process. Additionally, you will need to address repair costs, property listings, and ongoing maintenance for the duration of ownership. Studies indicate that selling independently typically takes longer than listing with an agent, resulting in accumulating monthly ownership expenses. While avoiding the agent’s commission, you will shoulder all other responsibilities, including marketing, contracts, and negotiations.
Sell To A Professional
There are many benefits to working with a professional home buyer such as Girl Buys Houses. You will be able to sell quickly, allowing you to move on and end your responsibility for the home. You will not need to continue paying for the maintenance of the property. You can say goodbye to the taxes, utility bills, homeowners insurance, and other costs of ownership. You will not need to spend a dime on repair costs or having the house professionally cleaned. The convenience factor will allow you to sell quickly, being able to use the proceeds from the sale on another investment. Many investors choose to sell their properties to other investors as they both know exactly what the property’s value is. There is no-nonsense, just a straightforward and mutually beneficial sale.
If You Do List…
Don’t Bother Upgrading
If you decide to list it, you can save money by only fixing up what is absolutely necessary. If the house needs upgrades or looks outdated, leave it up to the new owners. You can offer a credit for the upgrade or other incentives to encourage people to give your property a chance. In fact, many buyers will appreciate having the opportunity to fix things up according to their taste. Imagine, if you spent a ton of money on a kitchen, and finding out that something you picked out is actually what drove a buyer away. Everyone has different tastes, and allowing the prospective buyers to incorporate theirs can actually help you with a sale.
Price It Right
If you decide to list your property, make sure it is priced right. Many people will overprice their homes because they do not know the actual value. Agents will even hype up the price in order to get you to sell. If it isn’t priced right, it will sit on the market, gradually losing its appeal to potential buyers. Many buyers will think that if a house sits on the market for too long, there is likely a reason why. Learn the real value of your home before trying to sell it. This way you can gauge your expectations, and avoid being disappointed if you receive offers you perceive to be low. Our team can help you determine the real value of the property and make you an offer for it right away.