Selling a house should be done fast for the highest profit margin. As the days wear on, any offer you receive for your home will likely be lower than expected. Technology has revolutionized the real estate industry, providing various popular ways to sell your house.
You no longer have to rely solely upon an expensive realtor for assistance; today, numerous avenues exist for selling your home.
Deciding to sell your home requires careful consideration, as each option has its pros and cons. Your choice depends on your real estate experience, desired sale price, and much more. Ultimately the right decision is up to you.
In this article, we dive deep into popular ways to sell your house and explain why a cash offer is invariably the quickest way for homeowners.
Different Ways to Sell Your House
You have a few different ways to sell your house:
- Real estate agent
- For Sale By Owner (FSBO)
- Real estate investors
- Trade-in
- iBuyers
- Cash offer for your home as is
Alternative Ways to Sell Your House
An alternative way to sell your house is using Craigslist. Craigslist has maintained its popularity of late and still commands an audience of over 55 million users every month – making it a reliable source for connecting with buyers who may be inactive on other social channels.
Another alternative way to sell your house is through the power of Facebook. If you’re looking for a more convenient and social media-friendly alternative to Craigslist, look no further than Facebook Marketplace. It gives you access to local deals, and its unique boosting feature lets you share your listing in various local groups or even pay to place it at the top of your Marketplace.
What’s the Best Way to Sell a House?
The best way to sell a house depends on your specific situation. Do you want to sell it for market value or to sell it fast?
Selling your house with a real estate agent might get you a fair market value for your home. But, you’ll have to pay to get the home market ready, Realtor commissions, and closing costs, and the house could linger on the real estate market.
Selling your house to a cash buyer is typically the fastest way to sell your home, but you won’t get the total market value. But when you sell to a cash buyer, you don’t have to pay to get the home market ready, real estate agent commission, or closing costs. Also, you can usually get a fast offer and close within days.
How Can You Improve Home Value?
Homeownership is a source of pride and an intelligent financial decision that can reap huge rewards. If you plan to sell your home and increase its asking price, there are numerous ways to improve your home’s value.
Deep clean your home
Deep cleaning and decluttering makes home selling easier. Begin your decluttering process by sorting through cabinets and closets and creating separate piles for items to donate and throw away. Afterward, inspect drawers and other storage spots for unused or unwanted possessions that can be discarded.
Refresh your home with paint
A new layer of paint can give your exterior and interior a rejuvenated appearance without burning through your bank account. Your painting budget will vary depending on the rooms you want to transform with a fresh coat of paint.
Improve your curb appeal
Enhancing your home’s exterior appeal – from power washing the driveway to employing someone to clean windows and improve landscaping – can significantly increase your home’s worth.
Revamping your outdoor space can do wonders for the overall look of your home. Unleash your creative side and consider these additions: a plush pathway, lush shrubbery, decorative planters, elegant mulching, or even a paver patio or outdoor kitchen.
Replace your exterior doors
Transforming the look of your home’s entrance is remarkably simple; replacing an outdated front door can make a huge difference. As the saying goes, first impressions are everything. Your potential buyer sees the outside of your home first and creates an emotional judgment based on its appearance.
Remodel your kitchen
Buyers often view the kitchen as a critical aspect of any home, so if it is old-fashioned, you may be unable to achieve your desired sale price.
If a kitchen renovation is too big of an endeavor for you, consider making low-cost upgrades that can still impact your home’s value. Installing modern hardware and matching appliances are great ways to spruce up the look of your kitchen without breaking the bank.
5 Most Popular Ways to Sell a House
The 5 most popular ways to sell a house are:
- Traditional sale with a real estate agent or Realtor
- For Sale by Owner (FSBO)
- iBuyer
- Trade-in
- Cash offer
Traditional sale with a real estate agent
On the surface, this will make you the most money.
When selling a home, the most common, lengthy, and expensive path is enlisting the help of your local real estate agent. The real estate agent will determine the listing price, market it, schedule home inspections, and organize appointments with other agents and buyers. They will also work with you to assess offers and help you negotiate the best terms for sale.
The seller’s agent is rewarded through a portion of the final sale price. This amount is then divided between themselves and the buyer’s agent. For instance, a 6% commission on a $300,000 home would cost you $18,000.
For Sale by Owner (FSBO)
If you know how and your pulse on the housing market, choosing the FSBO option can save a considerable amount of money – nearly 3% of your home’s sale price based on the average commission rate in the US. Unfortunately, you are on your own regarding pricing, marketing to prospective buyers, walk-throughs, home staging, price negotiations with buyers, and signing contracts.
iBuyer
Home sellers can do business with iBuyers. These digital companies offer cash promptly and make the entire process easy from start to finish. So that you know, offers on the open market are usually higher than those provided to you. iBuyers are only available in some real estate markets and only buy some types of properties.
Trade-in
If you have a home but would like to switch it to another one, consider partnering with an organization that allows you to “trade” your property in exchange for your new house. The companies will purchase the home you own, market it on your behalf, and use those proceeds to help finance your new home.
Cash offer
By reaching out to a real estate professional or house-buying company, you can expedite the process by obtaining an immediate cash offer.
With a cash buyer, you will:
- Get an offer almost immediately
- Be protected from any potential risk of your buyer’s mortgage falling through
- Avoid the hassle and expense of maintaining costly repairs
- Close in the real estate transaction in days
A cash buyer offers sellers convenience and reliability through its streamlined process that dispenses with lender involvement. The quicker timeline this allows can also work to their benefit.
When you consider the money saved from not having to make costly home repairs and include an agent fee of up to 6%, what cash buyers offer will likely be just as much or more than when going through traditional listing processes.
Most Popular Way to Sell a House
The most popular way to sell a house is by using a real estate agent. It’s the traditional way and how it’s always been done.
Most people resist change, and they feel the work a real estate agent does justifies the huge commission. When you work with a Realtor, you’ll need to remember that you’ll eat into your profits by paying for the following:
- 6% commission of the listing agent and buyer’s agent
- Cleaning
- Repairs
- Staging
- Closing costs
- Showings and open houses
Conclusion
When selling your house, there is no one-size-fits-all solution; the right choice for you will be determined by what aligns with your timeline and individual requirements.
If you’re in a hurry to sell your home, requesting a cash offer through companies like We Buy Houses for Cash is an excellent option. This will decrease the number of steps and days required to close the sale officially. Ultimately, it’s up to you – so don’t hesitate to reach out if there’s anything we can do.
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