May 16, 2024

Estate Agent, Short Sale, Auction, Cash Sale – House Selling Options to Consider

When you need to move quickly, it can be difficult to find the perfect way to sell your home. Many people say that you have to use a real estate agent to sell your home, but that’s not always the best option for people with problem homes, or who need to get out of an underwater mortgage. Each situation someone might be in needs a different type of home sale, and there are many different routes you can take to sell your house quickly and painlessly.

Selling With An Agent

Oftentimes, when someone talks about selling their home, they mean that they’ve contacted a estate agent who will then sell the house for them. When you work with a real estate agent, they do all of the heavy lifting in home selling for you- they market your home, they price your home, they find buyers for your home, and they can even advise you about the best people to sell your home to. Estate agents are useful- but they also come with drawbacks. They’re expensive, and many times estate agents receive a bonus called a commission. These commissions come out of your profits on the home, and that means that unscrupulous estate agents might try to overprice your home so that they can earn a bigger commission.

Using A Cash Sale

Many people consider a cash sale. Cash sale house sellers find this to be the second most convenient option, just behind working with an estate agent. With a cash sale, you can sell any house incredibly easily. Even if your home hasn’t been lived in for thirty years, even if it looks like it’s falling apart- chances are, you don’t even have to do any repairs to sell it! Cash buyers are often looking for homes in as-is condition, and they’re willing to buy both quickly and easily. There’s a reason so many people look for these buyers, after all. And if your home is proving difficult to sell, a cash sale might be one of the best ways to sell your house. Keep in mind, though, that while you’ll get market price for your property, you may make less with a cash sale. House sellers, though, often don’t worry about that, since they usually get around 75% of market value in this type of sale. You also don’t have to spend any money on renovations or an agent, though- so cash sales more than make up for themselves in terms of money saved and money earned.

Short Selling Your Home

Short sales are a great way to sell your home if your mortgage is proving to be more than you signed up for. These are only available to sellers who are more than a few months behind on their mortgage payments, and even then, you have to talk to your lender in order to arrange a short sale. These sales can be especially useful to those with a large mortgage on an unsellable home, because they enable a homeowner to sell their home for less than they owe on the mortgage. This can be a great way to get out from under a house you don’t want and can’t pay for.

Auctions

Auctions are the fastest way to sell your home, but they come with just as many drawbacks as they do perks. When you sell your home at auction, you’re guaranteed to be rid of it in as little as thirty days– but you’re also doomed to a smaller sum of money than you would’ve gotten on the open market. If you need to move really quickly, or just have a house that won’t sell, auctions are a great way to get rid of your home. If these don’t really apply to you, though, and you want to get a good price for your property, you might want to consider other options.

What’s the Best Way To Sell A House?

When you’re looking to sell your home, the chances are that you want to do it quickly! And that’s possible, especially when you know how to sell. Between agents and cash sales, short sales and auctions, there are dozens of different ways to sell your home. Each comes with its own perks and drawbacks, and each is suited to a different type of move. No matter what your situation, though, it’s always easy to sell your home.

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