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Analyzing The 3 Ways To Sell Your Home In Raleigh Durham
If you own a home in Raleigh Durham and are thinking about selling to a home buyer, there are a few methods for you to choose. In this article, we’ll look at three of the most common ways to sell your house to a buyer.
For most Americans, their home is their largest asset, and selling this asset is one of the most important life decisions to be made.
While there are many new discoveries in technology, there are three main ways of selling a home that has not changed. If you want to sell to home buyers in Raleigh Durham, you need to think about which method is best for you.
Home-Selling Method #1: Sell-Through An Agent
This is the most common way to sell a home. A homeowner will interview several local real estate agents, and then list the house for sale on the Multiple Listing Service (MLS).
The key here is that the agent is hired to act as an intermediary and broker the sale of the home (bringing buyer and seller together for a fee). The agent gets the exclusive right to sell your home and is paid a percentage, usually 6%, of the gross sales price of the home. They handle all marketing, negotiation, showings, and general leg-work of the sale.
The main disadvantage of this method is the timeline and the upfront cost. It takes several months from the time the sign goes in the lawn till the check is cashed (3-6 months). A lot of money goes into fixing and preparing the home for sale. A large chunk of equity is then given up at closing to pay the broker.
As a company that buys houses in Raleigh Durham, we employ agents to sell our homes that have been renovated.
Home-Selling Method #2: Sell By Owner
This method has come about from changes in technology, the trend toward DIY, and the desire to save money on 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 does all their own work..advertising the home for sale, showings, phone calls, negotiation, contracts, scheduling inspections, and coordinating the closing.
Selling by owner and selling with an agent are very similar– 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. We wouldn’t recommend this method for the first time home seller, but for someone who has been through the process before, it can be a good option to save money. There are also a lot of good internet resources to guide you through the process.
Home-Selling Method #3: Sell Direct To A Home Buyer In Raleigh Durham
By far the fastest and easiest way to sell a home. This process doesn’t cost the homeowner anything and eliminates the anxiety and uncertainty of the entire home selling process (so it’s not surprising that this method is gaining popularity).
Rather than dealing with the complex process of selling a home, the homeowner simply sells their house direct to professional home buyers in Raleigh Durham. These are cash buyers who buy the house as-is (no repairs), pay all closing costs, and can close when the owner is ready.
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 Otranto Real Estate Co - Mike Buys Houses ) usually pay closing costs and fees.