If you want to move to a new area, downsize and release equity that’s tied up in your property, or buy a larger home for an expanding family, you’ll be looking for the most effective way to sell your current residence. Today, there is more than one way to sell a residential property and it’s worth considering all of them to determine which one suits you best. With this in mind, take a look at these three ways to sell your home:
1. Use a Real Estate Agent
This is, perhaps, the most traditional way to sell a residential property and it’s a process that most people are familiar with. After getting your property valued by a number of real estate agents, you select which one you want to sell your home. They will then advertise it on your behalf, host viewings, and, hopefully, find a buyer who wants to proceed with the purchase.
Although using a real estate agent is a familiar way of selling a property, the process can take quite some time. In addition to this, you’ll usually need to pay your agent a percentage of the sale price, which means you’ll need to factor this into the asking price.
2. Auction Your Property
Auctioning a property can be a viable way of selling a residential property and it’s relatively simple to do. You need to register your home with a property auctioneer and wait for the next auction to be held so that it can be offered for sale. Prior to the auction date, you may need to host an ‘open house’ so that potential buyers can view the property. know more: bridge loan lenders near me.
Typically, you will need to pay a commission to the auction house, which is, again, based on the final sales price. In some cases, an auction can facilitate a quick sale but, conversely, it can leave you unsure whether your house will sell at all. If you set a reserve price and bids don’t reach this figure, for example, your property remains unsold.
3. Sell to a Property Development Firm
If you’re looking for a stress-free sales process, selling your home to a property development company can be the easiest option. When you choose an A+ rated firm, like Blueprint Homes, you can be confident that the transaction will be dealt with professionally and efficiently. What’s more – property developers are often happy to buy homes for cash, which means minimal wait times and fast sales.
In addition to this, you won’t need to undertake any repairs or home improvements prior to the sale as property development companies are typically willing to buy homes in ‘as seen’ condition. know more about Los Angeles hard money lenders.
Choosing How to Sell Your Home
There are pros and cons associated with each method of sale, so it’s important to research each option carefully before you decide which one is most suited to your needs. By doing so, you can prioritize the sales conditions that are most important to you and facilitate a streamlined and hassle-free property sale.
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