Selling your home fast for top dollar can be difficult. It’s not as simple as just listing your house for sale in today’s Florida real estate market. There’s much more involved, especially if you want to get fair market value for your home.
In this article, we’ll go over the three different ways to sell your house fast and discuss the pros and cons of each.
How are you going to sell your home?
There are 3 different ways to sell your property: with a real estate agent, For Sale by Owner (FSBO) and directly to an investor or real estate investment company. Choosing a strategy will affect every other part of the selling process including the selling price, time frame, convenience and work involved. Please keep in mind that it’s always good to choose one strategy to start however you can always change your strategy at any time during as long as its before the house is under contract with a buyer.
Technology has increased significantly in the last ten years so it may not be necessary to list your home with a real estate agent like it once was. There are some benefits but it’s always recommended to weight the pros and cons of each strategy. Each one has a different level needed for real estate contracts, house preparation, marketing, showing the property, negotiating price and terms and lastly closing the transaction.
#1 Listing your house with a real estate agent
Selling your house with a Realtors or a licensed real estate agent has its benefits, which of course come with a cost. Realtors handle every part of the process including putting the house on MLS, marketing the property, showing the property, negotiating price and terms and coordinating the closing.
The only thing the Realtor doesn’t do is prepare the house to sell which usually is more intensive when choosing this strategy. This may include cleaning, new carpet and paint, home repairs, landscaping, new AC or roof if needed, removing personalized items such as pictures, staging the home and anything else that will bring the condition of the home as close to being new as it can be so it sells for top market value.
For this service the real estate brokerage will usually charge around 6% of the total sale price. It is customary for the brokerage to then offer a portion of the 6%, for example 3%, to the Buyers agent or other real estate brokerage that brings a buyer. Now there are also other closing costs associated with selling your home that usually will be around an additional 1.5%-2%.
#2 FSBO For Sale by Owner
Selling you house yourself is the second option. This means that you the seller manage everything having to do with selling the house. The benefit is that you won’t need to pay the listing brokers commission, which is usually around 3% or half of the total commission which is usually around 6%. The other half or portion of the commission is offered to the buyer’s agent for bringing the buyer.
The biggest benefit when using a realtor is getting your property listed on MLS and along time ago you had to use a realtor to do so. However, there are several real estate brokerages in Florida that offer a Flat Fee Listing service to put your property on MLS. They may charge anywhere from $295-$995 for this service and some even include a picture, sign etc. You can also go on fsbo.com and list your property there which is a popular alternative.
If you are going to sell your house yourself, I strongly suggest using both fsbo.com and a flat fee listing service to market your property. This is an affordable result to selling your home using a realtor. The final outcome can vary depending on your negotiating skills and presentation of your property. You still have to know what you are doing to maximize the final sales price. In most cases the buyers always know you’re not paying a realtor commission so they actually reduce their offer by 6% right away.
Another recommendation is to offer a 2-3% buyer’s agent commission to any real estate agent that brings a buyer. You can include this in your MLS Listing. Remember with a flat fee listing service you’ll be getting all the phone calls and showing the property yourself, which can be very time consuming.
Selling your home to a real estate investor or real estate investment company is fast and easy, requires very little preparation and more than anything is a great place to start. There’s a stigma associated with selling your house to a real estate investor where homeowners think they’ll always get a low offer, which isn’t always true. There are those companies of course that will give you a super low offer, however there are some more reputable companies such as A1 Buyers that do so much volume during the year and hold a lot of their properties that they can still offer you a very competitive and fair price and stay in business.
With A1 Buyers, you’ll receive a fair offer for your property within 24 hours of your call, they’ll pay all the closing costs so the offer price is the price you get at closing, no realtor fees or commissions and they’ll even choose the closing date.
Another benefit to selling your property to a real estate investment company like A1 Buyers is that you usually don’t have to fix up the house and spend money on renovations or repairs. Real Estate investors usually can do any repairs much less expensive then you can so there’s no need to spend any money out of pocket preparing the property.
Speaking of the condition of the property, A1 Buyers will buy any property in any condition, anywhere in Florida including the Tampa Bay Area, Orlando Area, Sarasota County and all of Pinellas County such as St. Petersburg and Clearwater.
In conclusion, I’d strongly recommend try A1 Buyers first. See what their offer is and make a decision from there. It can’t hurt and only takes a day to get an offer. I think you’ll find that when you compare apples to apples and realize their offer includes paying all your closing costs and no other realtor fees, you’ll find that this hassle free and quick way to sell your home far outweighs trying to do it yourself or pay for a realtor. There’s no uncertainty with selling to A1 Buyers and you even get to pick your own closing date. Once you’ve taken a look at the A1 Buyers Cash Offer and decide you’d like to try to sell your home then decide whether you want to use a realtor or For Sale by Owner.