For many North Carolina residents, the thought of selling their home can seem like a huge amount of work and expense. This is especially true of those who have inherited property, or anyone who finds themselves to be an owner of a vacant house.
However, it doesn’t have to be that way! In our latest post, we will explore the ways you can sell your house in Raleigh without any hassle whatsoever!
When selling a house in Raleigh, many immediately think about hiring an agent and listing on the MLS. This can be a great solution for some, however, you should know there are other options available to you. There are many ways to sell a Raleigh house! Consider your options to discover which selling method is right for you and your situation!
Sell Directly to A Professional Home Buyer
There are companies such as Otranto Real Estate Co - Mike Buys Houses that will buy your Raleigh house using a straight-forward and simple process. With a direct sale, you won’t have to worry about commission, fees, repairs, cleaning-up, staging, showings, or waiting for a buyer to come along. You will immediately know the amount you are receiving as well as the closing date so you aren’t left in limbo, wondering when your house will sell.
We recently bought a probate home in Cary NC. The heirs were tired of driving an hour each way to deal with the probate process and sorting through 40 years of personal items. By selling to us, they no longer had to worry about cleaning, repairing, staging or any other hassle.
Direct sales are becoming increasingly popular, however, not all buyers are the same. Make sure you do your homework on both the local market and the buyer you are working with. A direct sale may not offer full price, but for some people, the amount saved on repairs and wasted time more than makes up for the difference in price.
List Your Home With An Experienced Agent
Of course, listing your Raleigh house is an option. After we are done renovating our properties we hire a local agent to list the home for sale. We frequently use the services of agents and are happy to collaborate with them.
Take the time to learn about everything that is involved and what will be expected of you. No two agents work exactly the same and there are no guarantees. Your property can be listed for any price, but there is no guarantee you will receive it. Watch out for agents who try to “wow” you with a high listing price. If it’s priced too high, it will likely sit on the market, possibly for months at a time. You will inevitably have to lower the price, while your property drops down the list of homes available on the MLS. If you decide to list, make sure your agent prices your home to sell. Not just setting a high price to convince you to sign a listing agreement.
Offer Seller Financing
This can work for some people who don’t need the cash from the home immediately. You can elect to carry the note setting up a “rent-to-own” structure. This is most effective with properties that have no equity in them due to a large mortgage balance. It is important to have some expertise with these types of transactions as there are a lot of moving parts. We offer to consult with owners who are interested in this type of arrangement.
Consider Your Other Options
If selling simply isn’t in the cards and you need to move, there are other options. You can rent the house out as either a short or long term rental. The trouble with this can be finding great tenants and retaining them for as long as possible. Renters can be quite nomadic, and tenant turnover can cost you dearly. If you haven’t done this in the past, consider hiring a property manager to help you keep everything in order. If you are looking for a good property manager in the Raleigh NC area we are happy to make a referal.