- Sell the house through a Real Estate Agent using the Traditional Selling Process.
- Sell the house yourself as a "For Sale By Owner".
- Sell the house to a professional homebuyer, like our organization.
Which choice is right for you?
This will depend on your available
time frame, condition of your house, amount of equity you have and other
personal needs. Let's touch on the above choices...
The average cost of selling using a
Realtor is 10% or sometimes even more. 6& is taken in Real Estate
commissions, 2.5-3% in Title Company closing costs; then there is a Home Shield
Warranty, and some other miscellaneous fees.
It takes 4 to 6 months on average to
sell and close on a house while the seller (YOU) continues to pay the house
loan, principal, interest, taxes and insurance. Can you wait that long? Would
you prefer not to make those payments?
So, the questions you need to ask
yourself are...
"Do I have at least 10% equity
to cover the cost of selling?"
"Do I have at least 6 months to
wait for an "acceptable" offer and wait through buyer's
qualification?"
"Can I afford to make payments
while the house is offered for sale?"
If you answered YES to all of the
above questions, and your house is in excellent condition, you should consider
listing your home with an agent.
2) The REAL World of FSBOs ("For Sale By Owner")
Not enough lookers - not enough
buyers. The FSBO house has very limited market exposure, since you're limited
to a few signs and an ad in the paper. Marketing is a science, it is expensive,
and requires "know how".
Most buyers use a "buyer
agent" because it's a free service for them (seller-you pay agent's
commission), and the buyers don't have to worry about all the liabilities and
disclosures involved.
Since a Real Estate transaction is a
complicated process, due to lack of seller's experience, most FSBOs end up as
listings.
It may take much longer than 6
months to complete the process.
But, if you can handle all the
details and solve the typical closing problems, you will save thousands of
dollars by not paying Realtor's commission. What you'll have to pay are only
the closing costs.
Which way do you turn? To an agent
with dozens of other listings to handle? Selling on your own and sweating out
financing (and legal) details, lost deals, last minute closing
"surprises"? Moving out, making two mortgage payments and hoping you
don't get some midnight call with "bad news" about your house...
3) The EASY Solution: Sell to All-American-Homebuyers
WHY list your house, when you can
SELL your house!
Don't jeopardize your future plans
waiting for a long escrow, buyer's qualification, bank approval... and numerous
other factors that can break the deal and put you back to where you started -
more advertising, more open houses, more lookers, MORE hassles! Can you afford
to take that risk?
Details here: Sell My House In Riverside
No comments:
Post a Comment