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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.

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There are countless reasons why you may be selling your Michigan home. Perhaps you’re relocating for work. Maybe your family is growing. In any case, many homeowners suddenly find themselves in the situation of trying to sell their home, and fast. Generally, when you sell your home, your first thought is to hire a real estate agent and get your house on the market. While the traditional route is tried and true, there are common problems with this method. In this article, we will compare the process of selling your home through an agency versus to an investor (ie. cash house buyer).

Aerial view of a neighborhood.

Why should you sell your home a cash house buyer?

Whether you call them cash house buyers, house-buying companies, or investors, these businesses want to buy your home quickly and painlessly. Here’s a few reasons you might want to deal with an investor over a real estate agent:

  • The process is shorter. Cash house buyers are just a phone call away. Once you contact them, they’ll set a date to view your home and offer you a fair cash price. Following this, it’s up to you to decide whether you accept the price and want to move forward. There’s no tricks or additional fees.

    Consequently, when hiring a real estate agent, you’re in for a lengthy process of appraisal, staging the home, and waiting for bites. Unlike the traditional route, which can take months or years, cash house buyers can close the sale within a week.

  • The profit is straightforward. When you go the traditional route, your real estate agent takes a slice of the sale. In addition to this, you have to pay closing costs out of pocket. This doesn’t even include the repairs and upgrades you may have to pay to ensure the home is marketable.

    In contrast, cash house buyers offer you a fair cash price before you make business with them. It’s completely up to you to accept or deny this price. No percentage of that goes to the investor, and you won’t have to pay hidden fees. It’s a simple, straightforward transaction.

  • It’s more convenient. The most frustrating part of selling your home through an agency is marketing the property and catering to potential buyers. At any moment, your agent can enter your home short-notice to showcase the house. This doesn’t even include the inconvenience of doling out cash on repairs and upgrades to make it seem more presentable.

    Why go through the hassle? Cash house buyers won’t put you through this trying process. Instead, you agree on a price, sign paperwork by the title’s owner, and can resume your life.

Contact us!

If you want to sell your home fast and hassle-free, consider doing business with us! We buy houses in the Oakland and Macomb Counties. That said, be sure to explore our website for more information and contact us for a fair cash offer.

Interested in learning more about cash house buyers? Our blog has you covered! If you have any inquiries, please don’t hesitate to call us at (586) 200-1710.

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