3 Unconventional and Beneficial Ways to Sell Your House in Memphis

3 Unconventional and Beneficial Ways to Sell Your House in Memphis

As an AI language model, I don’t have access to the specific real estate market trends and conditions in Memphis, as it can vary widely depending on the location and time. However, I can provide you with some general information on unconventional methods to sell your home that may be beneficial in certain situations.

  1. Auction:

Auctioning your home can be a great way to sell it quickly and efficiently while also potentially increasing the sale price. Auctions are often associated with distressed properties or foreclosures, but they can be useful for any property type. In an auction, interested buyers bid against each other for your home, and the highest bidder at the end of the auction period buys the property. This method can create a sense of urgency and competition among potential buyers, which can lead to a higher sale price than traditional listing methods.

  1. Lease-Option:

A lease-option, also known as a rent-to-own or lease-purchase, can be an attractive option for buyers who are not quite ready to buy a home outright but want to work towards owning one in the future. In a lease-option, you lease the property to a tenant who has the option to buy it at a later date, typically within a few years. The tenant typically pays a non-refundable fee upfront, which can be used towards the down payment on the home if they choose to exercise the option to buy. This can be a win-win situation for both the seller and the buyer, as the seller can generate rental income while waiting for the buyer to exercise the option, and the buyer can work towards home ownership while renting.

  1. Direct-to-Investor:

If you need to sell your home quickly, selling directly to an investor can be a good option. Investors typically buy properties for cash and can close the sale quickly, often within a few days. While you may not receive as much money as you would through a traditional sale, you can avoid the costs and delays associated with listing your home on the market. This can be particularly beneficial if you need to sell quickly due to financial or personal reasons.

It’s important to note that these methods may not be suitable for every situation, and you should consult with a real estate professional or attorney to determine the best method for your specific needs and circumstances.

Cash Offer

Accepting only cash offers is one unconventional and beneficial way to sell your house in Memphis. With cash sales, closing is often in a few weeks. Sellers select this route because of the relatively simple and speedy aspects of bypassing lenders, underwriters and avoiding the time and red tape involved with dealing with buyers who need help qualifying for loans that may fall through. If you’re interested in cash offers, Memphis Home Buyers can help!  You may also want to consider selling the property as-is for cash; working with a direct buyer like the professionals at Memphis Home Buyers means you won’t need to spend any money out of pocket to make repairs before the sale. You’ll know the offer is fair because at Memphis Home Buyers, we detail what you’d earn through a conventional sale so you can compare for yourself and feel good about the deal. 

Rent-to-Own

A rent-to-own agreement is another unconventional and beneficial way to sell your house in Memphis. It can be easier than you think to arrange a rent-to-own agreement. We have buyers ready to put down their sizeable initial deposit and create monthly cash flow for you. These agreements are typically for two years, and your buyers can walk away from the contract, or you can stipulate that their breaking the contract will result in legal action. Ready to learn more? If you’re interested in rent-to-own agreements, Memphis Home Buyers can help!

For Sale By Owner

Our final unconventional and beneficial way to sell your house in Memphis is the by-owner method, known as FSBO. Often influenced by a desire to save high real estate commissions for themselves, these owners take on the job of a real estate agent. Regrettably, many lack the experience and know-how to achieve the goal of bringing a qualified and willing buyer to the door. In addition, without understanding legalities, they may end up in court over disclosure laws. Today’s tech-savvy buyers can quickly assess the property, and you could make errors that derail your listing from the start, like over or under-pricing the property. Most buyers recognizing the disparity will just continue to scroll, though a few may make insultingly low offers. Still, these are likely to be few and far between. In 2019, only eight percent of sellers chose this path because of the pitfalls waiting at nearly every turn. Also, you should be able to afford to hold onto the house until you find a buyer; there is no guarantee of a sale with an FSBO.

Ready to sell? The direct buyers at Memphis Home Buyers can help you explore these unconventional and beneficial ways to sell your house in Memphis. At Memphis Home Buyers, we will take the time to listen and work with you to achieve your goals. The direct buyers at Memphis Home Buyers provide every detail to calculate our offer against what you’d earn with other selling methods. We want you to agree the offer is fair and feel good about the deal long after closing. A direct sale to Memphis Home Buyers is a cash sale for your property as-is, so you’ll save money, time and pay no commissions. With a direct sale to Memphis Home Buyers, you’ll have a guaranteed closing date that is most convenient to you; we don’t mind waiting longer than a few weeks if you need time to move. Contact Memphis Home Buyers at (901) 828-8419.

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