Top 3 Methods Of Selling Your Home

by - 7/12/2017 08:25:00 PM

If you're planning on selling your home, it's important to be aware of the different methods you can sell, as the whole process and outcome can be very different. You may find that one option makes a lot more sense to do than another, that's why it's so important you do all the possible research you can before making any decisions.
Here are your choices.

Selling Property through an Estate Agent
This is the most common method, in which 90% of homeowners use because it's just 'what you do.' But it may not always be the best choice. It all depends on what you're really looking for.
If you need someone to walk with you step by step through the whole process, then yes, you will benefit from having an estate agent. But just make sure you have a good, reputable one who has a great track record (that they can prove!)

The Problems
You may not be getting the service that you want from your estate agent, and as it is such a competitive industry, they may cut corners to bring home weekly bonuses at your expense.
They take control over your home, and you are expected to trust in their judgment, but it can be hard to figure out if they have an ulterior motive.

You have to pay them a fair amount of your money, and the whole process isn't what you'd call a quick one. Besides the endless paperwork having to be dealt with, the home checks to pass inspection, listing your property and throwing open houses - then and only then, do you get the opportunity to negotiate offers, and even that might not be what you wanted for your home.

The Benefits
(Or at least what you would expect off a decent agency,) is honest advice on the price of your home and ensure that you are getting the best service possible.

They should take care of you, and make the journey an exciting one while dealing with all the viewings in an efficient manner and making buyers want to buy.

Easy to contact at any time to stay informed and updated with the latest news about your property. A good estate agent will stay in touch with you right up to the completion of a deal, not just ghost on you for however long, only to get back in touch with their bill.

Selling Property Privately
The idea of selling privately often seems like way too much work and difficult for someone that has no experience selling before, but it really isn't that hard to do - it is possible!
You may think that by working will a real estate agency, you will get a 'proper' price, but in fact, that in no way can guarantee you are selling for a higher price than if you went about it privately. Plus, you're not having to pay the expensive fees for their service.

The Problems
There are so many different sites to advertise your property on - we're talking hundreds - but only a handful of them will actually be of use to you. So you need to know which sites are worth paying for, and which ones should be avoided, otherwise, you will just be wasting your money.

You won't have as much knowledge about the industry as an estate agent would, so you may feel a little underprepared when it comes to advertising and meeting with potential buyers. That's why researching is key.

The Benefits
One of the main benefits would be the fact that you will be saving thousands of dollars in commission than if you were hiring an estate agent.
The money that you will be putting in will be for your advertising, which would only be from around $200 - $700, depending on how many platforms you wish to cover.

You are in control of the sale - if you're not happy with something, you can just say no and not have to ask someone first. You don't have to rely on someone else to feed you information, as you are the only person potential buyer will be communicating with.

Selling Fast to Cash Buyers
If you have absolutely no idea how to sell your house yourself, aren't willing to go through an estate agency, and just want this over and done with quickly - then this is the best option for you.
It works by giving them a call and having a consultation about the property you want to sell. They will then meet with you and take a look around. Once that has been done, they will get back to you with an offer, and then it's entirely up to you whether you agree or not. If you do, the deal will be ready to close usually within two weeks (unless you need it to be sooner) and then you will receive your money.

The Problems
The offer they give you will not be anywhere near the price you could get for your home if you sold it privately, or went through an estate agent. This is because they don't require you to have your home repaired and 'prettied' up for sale, in which they are more so doing you a service, meaning they offer less, at worst even half of your ideal asking price.

There are many frauds out there that are looking to take advantage of people's desperation to sell. They might paint you a picture of the money you will have within the next couple weeks, only to decrease that number last minute.

The Benefits
If you need to move out quickly, whether that be due to a family issue or you just can't afford what you're paying any more - you can, without having to worry about paying all sorts of expenses and services.
In a matter or two weeks, you will be done with the whole process and can focus on the future.

You don't have to deal with any repairs in the home like appliances, the broken window or the crumbling wall. You don't need to try and turn it into some sort of dream to attract buyers - all this is irrelevant to cash buyers. As long as you have a home that needs to be sold - they'll take it off your hands.

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