Listing your home on the market can be costly, so it is best to understand what you will spend money on in advance as you undertake the traditional selling process. Now, let’s discuss real estate agent commissions first. If you’re like most home sellers, your second thought after deciding to sell was about saving the real estate commissions and listing the property yourself as an FSBO.
However, no matter which method you select to list your property, there are industry standards required by both in today’s technically savvy world of real estate sales. So, read on as we explore how you can avoid spending too much on your Memphis home sale.
Sales Method
To ensure that you don’t overspend on the sale of your Memphis home, it’s essential to choose the right sales method that best suits your situation. Making an informed decision can help you avoid unnecessary expenses. Working with a professional home buyer such as Memphis Home Buyers can provide you with all the necessary information to make the best decision for your circumstances. We believe in providing our clients with complete transparency and honesty, which is why we offer our expertise to help you make an informed choice. If listing your home with an agent is more suitable for your situation than a direct sale, we will advise you accordingly. Our goal is to ensure that you feel satisfied with the deal and your experience with us, even long after you have sold your home.
Asking Price
Holding costs refer to the monthly expenses that continue to accumulate while a property is on the market, and every additional day of ownership further eats into the potential profits from your sale. Setting the asking price too high or too low can extend the number of days the property is on the market, which can be expensive.
A professional home buyer like Memphis Home Buyers can provide you with advice on the current market value of your property, and just how much you stand to profit by listing with an agent or on your own. We can also offer to buy your home directly, providing you with a fair price that you can agree upon. This approach can help you avoid the holding costs associated with traditional home sales and sell your home quickly, so that you can move on to your next endeavor without any financial strain.
Prepping and Repairs
Preparing and making necessary repairs to your home is often required to achieve the highest sales profits. However, these expenses can add up quickly, and you’ll have to pay for them out of your pocket before the sale. Additionally, with most conventional listings, you’ll need to pass an inspection and deal with contingencies that could lead to tens of thousands of dollars in additional repairs lurking beneath the surface. Fortunately, by working with a professional home buyer like Memphis Home Buyers, you can avoid all these potential expenses. We buy homes as-is for cash, which means that you can skip all the prep work and repairs. This can save you time, money, and stress, and allow you to sell your home quickly and without any unexpected expenses.
Marketing
When selling your home through traditional means, you typically hire a real estate agent to market your home and attract qualified buyers. To present your home in the best light and maximize profits, it’s often necessary to invest in expensive high-quality imaging and staging methods, which can be paid for by the seller. Showings and open houses are also a must, and the costs of providing snacks and drinks for open houses or keeping your family entertained during showings can add up quickly.
However, by working with a professional home buyer like Memphis Home Buyers, you can avoid all of these expenses. We buy homes directly, which means that you can skip the marketing and go straight to the closing table. We also pay the closing costs, which can save you even more money. This can help you sell your home quickly and without any of the hassles or expenses associated with traditional home sales.
Work with Memphis Home Buyers
Working with the professional home buyers at Memphis Home Buyers and our full-service network of providers means that you work with a highly superior local team of specialized industry pros, from attorneys to the closing. With our local connections at Memphis Home Buyers, you can avoid spending too much on your Memphis home sale because we move swiftly and efficiently, saving you valuable time, money, and the hassles and stress of listing. Contact Memphis Home Buyers today at [phone] to learn more!