It’s been said that selling your home can be more stressful than many other major life events. When you’re under duress and need to sell quickly, additional strain is added to the mix. We’ll help you by exploring your options when selling your house in Raleigh.
Exploring All of Your Options When Selling Your House in Raleigh
Listing Agent
Let’s explore selling your house in Raleigh through a professional real estate agent, which is the traditional method. Agents are paid based on a percentage of the sale price in addition to other possible fees they or their broker may also charge. Market conditions can impact your asking price in this demand-driven market.
You’ll have to spend money on improvements and repairs to get your home ready for showings while you wait for the ideal buyer to come along. They typically demand home inspections and could call for fixes before closing. Sadly, even after taking all the necessary procedures to satisfy bank requirements, waiting for the mortgage underwriting process, and having the property inspected, you can still wind up with a buyer who is ineligible for a mortgage.
Cash Offers
if you’re lucky enough to get an offer from a professional buyer, you may be able to close the deal much faster than usual. Professional buyers typically offer cash for properties, which makes the closing process much simpler and quicker. This means that you don’t have to worry about lengthy loan applications or waiting for bank approval. Instead, you can expect a quick closing on your house with minimal to no hassle.
This also alleviates you of the legal responsibilities associated with disclosure.
Professional buyers take more risks, offer faster cash sales, and typically pay the closing costs. For these reasons, their offers are typically lower than those made on FSBO or MLS properties. Unfortunately, there are dishonest buyers who may try to take advantage of the time or financial constraints you reveal to them, so do your homework carefully. We at Present Day Properties are committed to making fair and well-thought-out offers to homeowners.
For Sale By Owner
Selling a house in [market city] on your own may seem appealing because you will have complete control. Professionals charging fees for their services, such as real estate agents or auctioneers, reduce your profits. You can save a lot of money on the deal if you are familiar with legal issues involving real estate advertisements and transactions.
It may also seem like a great way to get the best deal and save money, but it is important to consider all the risks associated with this process. While you may have complete control over the sale, you also need to understand that there are many potential pitfalls that come with selling a house on your own. From finding buyers, negotiating prices, and dealing with paperwork, it can be overwhelming and time-consuming. With the help of an experienced home buyer, however, you can make sure that you get the best possible price for your property while avoiding any potential problems along the way.
Short Sale
When you are facing financial difficulties and are unable to make your mortgage payments, a short sale may be the best option. A short sale is when you negotiate with your lender to accept less than the full amount of the loan that is owed in exchange for releasing their lien on the property. Depending on your circumstances, it may be possible to negotiate a short sale with your lender and also avoid foreclosure. This could help you get out from under a difficult financial situation and give you a fresh start.
However, you should be aware that this is a lengthy process, implying that the lender has agreed to allow a sale for less than the remaining debt on the loan.
Auction
Avoiding the headaches of showing your house is one of the favorable aspects of auctions. Additionally, these properties close quickly, selling as-is, so you won’t need to continue to pour time and money into repairs and upkeep of your house in Raleigh.
Keep in mind that the typical fee for their services is a hefty 10% of the final purchase price. Because most auctions charge the buyer for their fees, lower bids are more likely to be placed in an attempt by the buyer to pay a lower fee. Make sure you’re aware if you’ll be responsible for their fee, which will detract from your bottom line. Actually, a property sale at auction is not guaranteed; there could be low attendance or several properties up for auction at the same time, resulting in lower bids.
We’re happy to further explore all of the options for getting started now on selling your house in Raleigh. Just call Present Day Properties today at 984-689-9785 or send us a message to learn more!