Many homeowners consider selling their homes by themselves, often avoiding the hefty real estate commissions. In real estate, these listings are referred to as FSBO for sale by owner. Regrettably, however, homes listed and marketed by their owners typically sell for less, and homeowners only sell about eleven percent of FSBO homes listed. Understanding all of the numbers involved can help homeowners like you make a sound financial decision, and by understanding the average time involved when you list, you can begin to make plans for your future.
While listing your property on the market with an agent or selling it yourself (FSBO) can be a popular choice, it may not always be the best option for everyone. Your current financial and personal commitments may require a faster and more efficient sale. In this case, selling your house to a company like Memphis Home Buyers may be the better choice. Here’s what you need to know about selling your house by yourself in Memphis and why selling to Memphis Home Buyers can be a more favorable option:
- Time and effort: Selling your house on your own can require a lot of time and effort. From marketing your property to scheduling and showing appointments, managing offers, and closing the sale, the process can be both time-consuming and stressful. By selling to a company like Memphis Home Buyers, you can avoid these responsibilities and streamline the selling process.
- Marketing and advertising: As an FSBO seller, you will need to take on the responsibility of marketing and advertising your property. This includes creating and distributing marketing materials, listing your property online and in print publications, and hosting open houses. If you don’t have experience in marketing or real estate, this process can be challenging. By selling to Memphis Home Buyers, you can avoid the marketing and advertising process altogether and leave it to the professionals.
- Negotiations: Negotiating with potential buyers can be a challenging and intimidating process, especially if you’re not familiar with the real estate market. Memphis Home Buyers has a team of experienced professionals who are skilled in negotiating the best deals for sellers, ensuring that you receive a fair and equitable offer for your property.
- Closing costs and commissions: When selling your property on your own or with an agent, you’ll be responsible for paying closing costs and commissions. These fees can add up quickly and significantly reduce your profit. By selling to Memphis Home Buyers, you can avoid these costs and receive a fair cash offer for your property.
Time
Naturally, you don’t have a guaranteed closing date because you don’t know when or even if a buyer will appear, which is something you should know about selling your house by yourself in Memphis. Holding onto the property while it is listed can be costly, especially if something else goes wrong and you have another repair expense. It can also be expensive when you sell if there is a lag in time between the closing of the home you sell and the availability of your new home. You may need to arrange for temporary housing and rent storage space for your belongings. Making a direct sale to Memphis Home Buyers is a better choice because we can often close within a few weeks, or if that’s a bit too fast, you have the option to pick your guaranteed closing date when it best suits your plans.
Comparing
When it comes to the numbers, the bottom line is something else you should know about selling your house by yourself in Memphis. First, when you work with a direct buyer from Memphis Home Buyers, they will provide you with a rundown of all of the costs to list your home yourself, so you can see what you would profit with an FSBO vs. the offer from Memphis Home Buyers, which you’ll agree is fair. Then, when you review the data for yourself, you can make an educated decision. Seeing the numbers for yourself will help you understand why selling to Memphis Home Buyers is better.
Disclosures
When you’re selling your house by yourself in Memphis, disclosure is an important legal matter you should know about before the sale. Because of these laws, owners face legal ramifications down the road for problems with the property that didn’t get disclosed, even if they weren’t aware of the issue. For example, suppose you’re concerned about passing the inspection. In that case, you won’t need to worry about making repairs because Memphis Home Buyers buys homes for cash, in as-is condition, and this is another excellent reason why selling to Memphis Home Buyers is a better choice.
The direct buyers at Memphis Home Buyers are happy to help you understand everything you should know about selling your house by yourself in Memphis and offer complete transparency about why selling to Memphis Home Buyers is a better choice. Feel free to call and speak with one of our experienced professional investors about your concerns and ask any questions; at Memphis Home Buyers, our direct buyers stop and take the time to listen, with no obligation whatsoever. We understand that communication is key in helping you solve your problems. With no commissions to worry about, no hidden fees and no closing costs, no showings, and no prepping, selling your house directly to Memphis Home Buyers is quick and easy. Call Memphis Home Buyers at (901) 828-8419.