Is your primary goal this year to sell your house? Selling a house is one of the most challenging assets to sell, as homes are more expensive than most other things. One of the first things you must do when selling is choosing a method. The method you use for selling your home will affect the time it takes to sell it, and the price you get for it. If you are curious about your options, here are three you might be interested in learning.
Use a Realtor
The most commonly used method for selling a house involves the use of a real estate agent. Real estate agents list homes and find buyers. They show the homes, help with negotiations, and assist with closings. They handle every step and make selling houses easier, but they charge a commission. When you sell a house, you might pay around 6% of the home's selling price to the agent as the commission. For a $200,000 home, this would equal around $12,000. People who do not want to pay the commission might turn to one of the other methods described here.
Sell It FSBO
The second method is selling a house for sale by owner (FSBO). Of all the methods you can choose from, this option is the most difficult to use. Without an agent, you must handle the sale yourself. You will have to find a way to advertise the home, and you must negotiate the sale yourself. You will also be responsible for showing the house to buyers and handle all the closing steps. The good news is that you will not have to pay a commission. The bad news is that it is difficult to find a buyer when selling a house FSBO.
Find a Cash Buyer
The third option you have is the easiest but typically results in making the least amount of money. This method is selling your house to a cash buyer. A cash buyer is an investor that purchases real estate to make money. Investors pay cash for the homes they purchase, which means they close quickly and have no contingencies. You can have a guaranteed sale through this method, but you might get a lower price.
As you can see, these methods all lead to the same result, yet each is different from the others. If you have questions about selling your home, talk to a real estate agent to learn more.
For more information about how to sell your house, feel free to reach out to real estate agents to learn more.