Looking For Home Buyers In Memphis?
We Analyze The 3 Ways To Sell Your Home In Memphis
If you own a home in the mid-South and you’re thinking about selling it, you have a number of selling options available to you. In this blog post, we’ll look at three ways to sell a house and break them down to help you determine which way is best for you.
For most people, owning a home is the largest purchase of their lives. So it’s not surprising that the process of buying a home or selling a home can be extremely complex.
Over the years, three home-selling options have developed to allow homeowners like you to sell to home buyers in Memphis. As you think about selling your home, you need to decide which way to sell is best for you, given your goals and timeline to sell.
Home-Selling Method #1: Sell Through A Real Estate
This is the traditional way to sell your home, so it’s also the most common. In this home-selling method, the homeowner chooses a real estate agent who will list the house.
The agent acts as a “middleman,” showing prospective home buyers in Memphis through your house until one of those buyers decides to buy. They’ll make an offer, the agent will negotiate on your behalf, and then you’ll close.
The timeline on this selling method can take months (the average is 3-6 months). Sellers who choose this method prefer to gamble on the timeline to do less work (the agent does the work) and with the hopes of selling at the market price. However, sellers who use this method will often need to spend money up-front to repair their house first, and then spend money after the sale on agent fees and commissions. Overall, the option of hiring an agent is a good one if your home is move-in ready, as in already updated and not in need of any repairs. If you find yourself desiring an agent to sell your house, we have an excellent realtor that we can recommend for you. Feel free to reach out to us if you’d like her information!
Home-Selling Method #2: Sell On Your Own (FSBO)
This method of selling has grown up in response to a desire to save money on agent commissions. The process is very similar to the above method of selling but it’s done by the homeowner themselves, and not by an agent.
The homeowner lists their house, shows it to prospective buyers, negotiates with the buyer, and closes the deal.
There are a lot of similarities – the timeline is usually the same and the homeowner will still have to pay up-front for repairs on their house to make it sellable. Sellers who choose this method don’t mind the extra work involved in showing their house; they usually choose this method to save money on commissions. This is a successful way of selling a home, as long as you have the time to dedicate to doing so, and as long as you are able to negotiate and communicate directly as far as pricing and terms.
Home-Selling Method #3: Sell Directly To Home Buyer In Memphis
This method of selling is gaining popularity as homeowners look for a third way to sell. This process is very different – it’s also faster, easier, and doesn’t cost the homeowner anything (so it’s not surprising that this method is gaining popularity).
Rather than listing and showing the house or negotiating, the homeowner simply sells their house directly to a professional house buyers in Memphis with cash. The best part of this convenient process is that the purchase is as-is, so no updating or repairing is necessary.
It’s faster – the buyer has money and is ready to buy; it’s easier on the seller – there is no expense or effort to repair the house before it’s sold; and it doesn’t cost the homeowner anything – professional home buyers (like what we do here at buyerhouse) usually pay closing costs and fees.