fbpx

Our Archive

Welcome to your Archive. This is your all post. Edit or delete them, then start writing!

Buy MI House > Blog >

Mailbox outside of a residence.

All homeowners eventually have to go through the daunting task of selling their home. In fact, for many people, this year will mark the first time they’ve ever sold property in their lives. In this article, we hope to educate you on the best path you can take in this tricky process. Here are three different methods for selling your residence in the United States.

Sell your home to a house-buying company

House-buying companies, also known as property investors or cash home buyers, are businesses that purchase your house for a fair cash price. This type of house-buying is an increasing trend in today’s economy with a proven, painless process. We won’t go into too much detail on house-buying companies in this article. However, if you want to learn more, check out our blogs on how to find a good house-buying company and reasons to sell to a cash house buyer. For now, we’ll break down the pros and cons for you.

Pros:

  • Enjoy a quick transaction (can take as little as under a week).
  • You both agree on the price offered.
  • There’s no need to make repairs (they will flip your home after purchase).
  • No heavy paperwork.
  • No commission or closing costs.
  • You won’t have to market your property or appeal to purchasers.

Cons:

If you’re interested in learning more about house-buying companies, we encourage you to do your research. These businesses are quick, easy purchasers with years of experience under their belt.

Sell property through a realtor

Selling your property through a realtor is the common, traditional route. Indeed, this method is tried and true, which is why so many people take the realtor path. However, if this is your first time selling property, be sure to educate yourself thoroughly. Many people don’t realize the amount of fees and time commitment needed when selling through an agency.

Pros:

  • Realtor is knowledgeable about the area, process, and other sale-related factors.
  • Your house will probably get more exposure to potential buyers.
  • A lot of the stress of selling your home yourself is taken care of by the realtor.
  • Realtors are experts in their field and can answer questions.

Cons:

  • Paying commissions.
  • Paying closing costs.
  • Draining money into making repairs and staging your home.
  • Being only one of many clients your agent may have.
  • Possibility of home sitting on the market for longer than you’d like.

Indeed, while real estate agents are professionals, they’re still at the mercy of the market like anyone else. This means that you’re not guaranteed a speedy sale or ideal profit.

Sell on your own (FSBO – For Sale By Owner)

These days, many people elect to sell their home themselves rather than through a real estate agent. As newer generations become familiar with DIY-culture, and search engines make a vast wealth of information available to us, people are more confident in their ability to do things themselves. However, for novice house sellers, putting property on the market can be overwhelming if they don’t know what they’re in for. Here are the benefits and drawbacks of selling a home by yourself.

Pros:

  • You have your own timeline and can proceed at a pace comfortable for you.
  • If you need help, the internet is always available.
  • You don’t have to pay commission costs, closing costs, or other fees to a third party agent.

Cons:

  • You have to draft your own paperwork, prepare your own showings, and research all selling factors.
  • Marketing your home can be incredibly difficult.
  • Your home may get less exposure if you have a small or nonexistent network.
  • You may still have to pay for repairs or stage your home.
  • The process is time-consuming and stressful.

If you are set on selling your home yourself, Forbes has a great article that breaks down a few tips which may be helpful to you.

Conclusion

All in all, selling your home is a different experience for all homeowners. The method you choose should be the one that best accommodates your needs. If you’re looking to cut out costs, consider avoiding real estate agents. If you don’t want to deal with stress, try not to sell by yourself. Of course, we encourage you to investigate further to make a decision that will ultimately benefit you in the end!

Ready to do business?

If you’re in or around Macomb County, Michigan and want to sell your home fast, connect with us! We’ll purchase your property – repairs and all – for a fair cash price. For more information, feel free to explore our website or reach out to us at 586-200-1710.

Read More

Preparing your home for sale can be just as lengthy a process as marketing it. In order to encourage buyers to bite, your property should be spotless, inviting, and well maintained. In this article, we’ll share four initial steps to take before you actually begin selling your home. If you prefer to sell your home fast and hassle-free, scroll to the bottom for information about house-buying companies.

Ways to prepare your property

Clean and bright kitchen.

Step 1: Declutter and clean

Before initiating any sort of sale process, your first step should be to clean and declutter. First, get rid of any personal items that are only adding mess to your home. This includes old papers, clothes, baby toys, even bulky furniture. Don’t forget to declutter those hard-to-tackle areas, such as the garage, shoe closet, and attic. Once you’ve rid your home of unneeded items, dust and disinfect every corner of every room. Be sure to target your window sills, under furniture, and other hard-to-reach places.

Cleaning and decluttering your home gives you a fresh canvas to begin the selling process. Not only this, but buyers are likely to be more attracted to the property when it’s spotless. In addition to these benefits, you’ll enjoy a shorter packing and moving period when the time comes. Not to mention having a clean environment gives you a clearer, stress-free headspace.

Decluttering can be overwhelming and time-consuming if done improperly. For actionable tips, check out Budget Dumpster’s article on how to declutter your home.

Step 2: Make a list of repairs

Crucial to any property sale is knowing which areas need work. When you have the time, grab a pen and notepad and make your way through the home. As you do this, jot down everything that needs repairs, small or large. Is your faucet leaking? Are there cracks in the wall? Do the cabinets have a squeaky hinge? If so, make note of it.

Even if you don’t plan on fixing these problems, it’s handy to have a list. This way, if a buyer brings up a property issue, you’re prepared and can have a discussion about it. Being knowledgeable about the repairs needed instead of feigning ignorance will make you seem like a more competent and trustworthy seller.

Step 3: Tackle property repairs

Once your list is made, you can go through and make fixes. We suggest working on the small stuff first and budgeting for the big stuff. For example, go through and put some oil on those squeaky hinges. Unclog the drains. Seal up scratches in the tile. After the small tasks are managed, look into the more formidable repairs, such as old carpeting or holes in the wall. You should come up with a budget to see which repairs, if any, you can afford, and set a timeline to complete them. After all, it’s easier to sell a house on the market when your property doesn’t require repairs already.

Step 4: Make final touches

If you succeeded to make it through Steps 1 to 3, great work! Preparing your property for sale is no easy feat, so any step taken is a victory.

The final piece of advice is to make additional changes. This can be anything from opening all the windows to air out strange odors, to throwing some fresh paint on the front door. The little last-minute touches you make is what will really put your home over the competitive edge. Tip: buyers are typically more attracted to bright areas and fresh air, so keep those curtains open. It also helps to dust regularly before any potential purchasers view the home.

Skip the hassle – sell to a house-buying company

Not interested in the time and energy-consuming process of preparing your home for sale? Consider selling to a house-buying company! These businesses are interested in purchasing your home – no repairs needed – for a fair cash price. Want more info? Check out our article on why you should sell to a cash house buyer.

If you live in or around Macomb County, Michigan, we’d love to buy your property off you! For more info on who we are, feel free to explore our website. For inquiries, please don’t hesitate to reach out to us at 586-200-1710.

Read More
×

You're just a form away from getting a cash offer for your house. Just fill out some basic information below and let's get started!