There was a time when you had no option but to call a real estate agent if you wanted to sell your house.
Cut to the 21st century, sellers now have a variety of options, thanks to major advancements in technology and the ever-changing status of the real estate sector.
If you’re old school, you can always stick with the tried-and-tested method of calling up an agent to take care of it.
Only what if we tell you that this so-called “tried and tested” method actually burns a hole in your pocket and there are way smarter ways to sell your house without getting ripped off?
Some of the brand-new options available in todays’ times are iBuyers and Flat Fee MLS listing services, FSBO, and more which promise to save you money, time, or inconvenience —or all three.
When it comes to selling your house online, first impressions are very important. The typical online attention span is just eight seconds, so your ad should be so mind-blowing that your potential buyer can’t get their eyes off of it.
Regardless of this issue, selling your property online or using online tools in the process allows sellers to grasp the value of their home, reach out to potential buyers, locate top-performing brokers, and even sell their properties swiftly for a competitive cash offer in no time.
In this article were going to take you through the 3 surefire ways to sell your house (so that you don’t feel left out) and make sure you renter the 10% bracket of home sellers across the USA.
Real Estate Agent
Using a local real estate agent is the most typical technique to sell a home. The agent will list the property, advertise it, and schedule showings with other agents and possible purchasers. They will also assist you in evaluating proposals, negotiating terms with the buyer, and ensuring the transaction is completed. They may even accompany you to your closing appointment.
Traditional real estate agents are often paid on a commission basis. The seller’s agent is paid a portion of the final sales price (often approximately 6%), which is split with the buyer’s agent. That works out to a $6,000 cost on a $100,000 home.
Agents stay current on the latest tech-enhanced real estate trends in order to assist their customers in marketing their houses. Online listings must stand out in order to get the attention of prospective customers. Professional photography, drone flyovers, and 3D tours can be arranged by top agents to offer your house listing an advantage over similar properties.
Why Should You Consider Hiring A Real Estate Agent?
- Your agent provides various strategies that work best when someone is house hunting online.
- An agent who specializes in your region can advise you on prospective buyers, community dynamics, and local real estate trends, which you may highlight in your online listing description.
- Top agents have access to the greatest inspectors and other professionals, so you can rest assured that your pre-sale inspection will be thorough and professional.
Why Should You Not Consider Hiring A Real Estate Agent?
- It takes time to sell your house the traditional approach by working with a realtor. The average time from listing to closing in November 2021 was 71 days.
- The commission paid to your agent will be deducted from the proceeds of your transaction.
When Should You Consider Hiring A Real Estate Agent?
- When you need assistance and direction during the sales process
- When you lack any knowledge about real estate
- When you want to make sure your house sells for top dollar (then you should check our Houzeo reviews).
FSBO
You can always sell your house on your own as an FSBO (“for sale by owner”). To accomplish this, you must market your home, maybe by listing your house on some of the best real estates websites like Zillow, Redfin, Houzeo, or other FSBO-focused websites, and then coordinate showings with buyers and their agents. You’ll also need to manage the sale’s negotiations, contracts, and other technicalities on your own—or enlist the assistance of a real estate attorney.
If you choose FSBO, you hold the key to the entire process when selling your home.
However, it is not a preferred method of selling a home, and for good reason. In fact, only 7% of recent house sales were for sale by owner. This is due in part to the time and effort required. FSBO is a large job, so only take it on if you’re up for a challenge.
Why Should You Consider FSBO?
- You can still list on the MLS for maximum exposure.
- You have complete authority over the sale, marketing, and negotiations.
- You don’t need to pay the agent’s commission fees.
- No problem of time or rushing in to sell your house.
Why Should You Not Consider FSBO?
- It is entirely up to you to market your home. Without the assistance and skills of a real estate agent, you’ll have to generate eye-catching material and distribute it around the Internet.
- It takes a long time to do FSBO. Real estate brokers earn commissions by keeping online listings up to date, scheduling showings, and connecting with possible purchasers. If you sell your home on your own, you’ll need to devote a significant amount of time to the sales process.
- Your selling could result in a loss or you may end up selling at a rate lower than the market rate.
- Without any legal help, you could put yourself in legal jeopardy. A purchase agreement, for example, is a legally binding instrument in the selling process. Having an experienced, professional agent on your side might help you avoid legal pitfalls. If you choose this path, you should consult with a real estate attorney.
When Should You Consider FSBO?
- You’re well-versed in the entire process of selling your home.
- You’re confident and comfortable pricing your home at your convenience.
- Not in a hurry to sell
iBuyer
iBuyers are online companies that buy properties directly from you, with a cash offer. They are a relatively new option for property sellers. After providing details about your property on an iBuyer website, you will receive an offer, either immediately or within a few days. If you accept it, you will be able to choose a closure date and receive your money. If you do not, you may accept additional offers or list your home on the open market.
Redfin Now, Houzeo, Opendoor, Offerpad, and Zillow Instant Offers are examples of popular iBuyer companies.
Selling your home this way is a faster procedure than a typical sale, and you can often close in weeks rather than months. Finding an agent, staging your property, and vacating for showings and open houses are all part of the traditional real estate sales process. Investment buyers want quick deals and may often pay cash for your home, sometimes sight unseen.
People who want to cash out quickly now have new, straightforward options thanks to the Internet. For example, some platforms enable you to instantly obtain a competitive cash offer. It only takes a few moments to answer a few basic questions about your home.
It can sometimes make more sense to move swiftly than spend the time and effort to find the highest potential bidder. According to a recent survey, 77 percent of sellers would be willing to accept 5% to 10% less for a speedier and smoother selling experience.
Why Should You Consider iBuyer?
- It saves you time because you don’t have to prepare your home for sale or showings. Some investment buyers will buy your house without even viewing it or sending an inspector.
- In some situations, you may be able to sell your house totally online. Direct sales can be completed swiftly, making them an appealing choice if you need to sell your home quickly.
- Many direct sales take place without the need of a real estate agent, which saves money.
Why should you not consider iBuyer?
- Those buyers looking for a quick sale may have to accept a lower price than you would receive from a traditional sale.
- There’s no chance of negotiating the price.
When Should You Consider iBuyer?
- You want to close swiftly and get your money
- You would like to avoid staging and showing your home
- You are somewhat technologically savvy
The choice is yours…
Feeling overwhelmed by the plethora of alternatives? There’s no need to make a hasty decision. Just remember that homebuyers no longer drive across neighborhoods looking for homes. Instead, they’re looking for — and finding — their future home on the internet. And, thanks to a plethora of web tools, selling your house online is now easier than ever.
Regardless of the sales approach you use, the Internet can help you sell more readily than you ever imagined.
So, consult with a few agents, get quotations from various buyers before determining which path to choose. Also, consider how much time and information you can bring to the table.
And if you’re still lost, don’t hesitate to check out Houzeo.com where instead of you running about figuring out which method suits you the best, they’ll do for you in the most hassle-free manner.
