If you want to make an educated decision about which sales method is best for your home and your situation, it’s best to compare all of your options. So read on as we explore five costs you can expect with a traditional sale of your Memphis house.
Prepping
When preparing to sell your Memphis house traditionally, it’s essential to budget for prepping costs. Depending on the home’s condition and how outdated its decor and style may be, these costs can amount to around one percent of the home’s sales price. However, if significant renovations are necessary to meet the demands of today’s buyers, the costs can quickly add up to tens of thousands of dollars.
Fortunately, you can skip the expenses, work, and time spent prepping by selling directly to a local professional home buyer, such as Memphis Home Buyers. When you sell directly to a professional buyer, you won’t have to worry about any prepping costs, commissions, or closing fees. The buyer will purchase your property as-is, regardless of its condition or location.
Selling directly to a professional buyer can be an ideal option for those who need to sell their property quickly, without the hassles of traditional home selling. The process is simple, straightforward, and fast, allowing you to receive a fair cash offer for your property within days.
By working with a reputable and experienced professional buyer, like those at Memphis Home Buyers, you can ensure a smooth and stress-free transaction, with no hidden fees or surprises. You can receive a fair and competitive offer for your property, without having to spend time or money on prepping, staging, or repairs.
Marketing
Marketing is required to bring buyers to your door and is another cost you can expect with a traditional sale of your Memphis house. However, there’s no need to pay the fees to professional stagers, photographers, or videographers to meet the demands of the digital online real estate marketplace when you sell directly to a professional home buyer like those at Memphis Home Buyers. In addition, selling directly to Memphis Home Buyers alleviates the constant pressure of keeping your home tidied up perfectly at all times. As a result, you can start enjoying your evenings and weekends again, leaving everything where it is until moving day, bypassing showings, and having to rush your family and pets out the door.
Holding
If you choose to sell your Memphis house through traditional means, the expenses associated with property ownership that recur monthly, along with unforeseen repairs, commonly referred to as holding costs, can accumulate rapidly. This can significantly reduce your initial profit expectations. However, by opting to sell your house directly to a professional home buyer such as Memphis Home Buyers, you can expect to close the deal within a few weeks, or even less, putting an end to the constant outflow of funds for holding costs. Additionally, you can inquire about Memphis Home Buyers’ flexibility in choosing a closing date that suits your specific preferences.
Contingencies
When selling your Memphis house through traditional means, repair costs can often become a significant issue. Many sellers dread the inspection phase of the process since it can lead to contingencies in the contract and thousands of dollars spent on repairs. However, by selling your house directly to a professional home buyer like Memphis Home Buyers, you can avoid this hassle altogether. We buy homes as-is for cash, which means that you won’t have to worry about passing an inspection or spending money on repairs. This can give you peace of mind and help you rest easy tonight, knowing that you’ll be able to sell your home quickly and without any unexpected expenses.
Closing
Closing costs are something else you can expect with a traditional sale of your Memphis house. However, selling directly to a professional home buyer like those at Memphis Home Buyers means you won’t pay any closing costs.
A professional home buyer at Memphis Home Buyers will detail the profits and costs you can expect with a traditional sale of your Memphis house vs. a direct sale. At Memphis Home Buyers, our professional home buyers offer complete transparency because we’re your neighbors who live and work alongside you in Memphis, and we want you to feel good about the deal long after closing. Talk to one of our professional home buyers at Memphis Home Buyers about the hurdles you feel stand in your way and how we can help you over them. At Memphis Home Buyers, the goal of our professional home buyers is for you to make the most profit on the sale while meeting demands on your time and finances. Call Memphis Home Buyers at (901) 828-8419.