How To Sell My House

Posted on: June 5th, 2019 by , No Comments

Inherited House

There are many reasons why people want to sell a house. But when it comes time to start the process, you have to decide what the best way is.  There are 3 ways you can sell your house.

1.  The most common way is to put it on the MLS to get the most exposure.  This means you will be getting a real estate agent.  She will come to your home and let you know what needs to be done to get the best price.  She will also research properties that have sold recently and suggest a selling price for your home.  Once it goes live, she conduct showings.  Agents usually collect approximately 6% of the selling price at closing.  This method gets the seller the most exposure and also the best price.

2.  Another way to sell your home is For Sale By Owner.  You do all the advertising and the showings and you don’t have to part with an agent commission.  The downside is that you may not get the most exposure and you may not know how to price your home.  The upside is that now there are many online business that specialize in publishing homes on the market and when they sell, what they sold for.  This information may not be 100% accurate but it will give you enough data to help with pricing.  And, there are many places you can post your ad like FSBO (several resources), Zillow, Craiglist, FB Marketplace, to name a few.

3.  The third way to sell is to find an investor.  The investor will not ask you to do any repairs or worry about getting the house cleaned up for showings.  The investor will not care about the condition.  She will make you an offer which is dependent on what the repairs will be.  Investors usually pay for closing costs but not for taxes which are prorated.  There are no commissions that are paid at closing.  The investor makes money after the house is renovated and sold at market value.  Investors can be found online in every market.  Be sure to look for an investor that is also the end buyer.  If they are not the end buyer, they will be collecting a fee from the end buyer for the contract that you signed.  This is money that could be put in your pocket.

So you have to decide which selling option fits best with what your goal is.