Some people will tell you that it’s just not possible to sell your house in days -- and that it really takes months!
Nothing can be further from the truth!
So how do you do it?
Well, first, let’s take a quick look at how NOT to do it!
The two most common ways to sell a house:
Listing With A Real Estate Agent
It may sound silly, but an “agent” works for an agency! An agency lists dozens, if not hundreds of properties on the Multiple Listing Service, or MLS every month.
Things have changed in the real estate industry – and YES, it’s just another business. With so many agents out there, what they now focus on is getting listings. That means they want to get your house under contract-- so no one else can sell it! It’s like getting a lottery ticket out of someone else’s hands with the hope that you will be the big winner. The more tickets, the better chance for a pay-off!
Most people think that agents get 6% of the house’s sale price as a commission. But what a lot of people don’t know is that fee is split four ways! The seller is paying the fee of the listing agent, and buyer’s agent! In addition, those agents usually have to pay their brokerages half the fee. That’s a lot of work for about one and a half percent! For the agent you use, this works out as $1500 for a $100,000 house!
But the commission isn’t the only cost to you. Chances are your agent will tell you that the house needs to be fixed up before it goes on the market. And then you will need to constantly be ready for visits and open houses having to leave at a moment’s notice whether it is convenient or not! During inspection, you may find that you need to pay for additional work!
In addition, the National Association of Realtors keeps information indicating that it takes about 3 months to sell the house and up to 2 extra months to get through closing process – assuming the deal doesn’t fall through due to financing issues or inspection troubles. Now that $1500 the agent keeps is over a 5 month period – that’s a lot of work, expenses and waiting to get $300 a month! That's not a great incentive to help you!
So if agents are working for their agency, and get minimal compensation when it is all over, why would you think they have YOUR best interests at heart?
Selling By Yourself
For these very reasons, some owners try to sell their houses by themselves. This is known as For Sale By Owner, or the abbreviation FSBO.
This method sounds like it will be efficient: the seller, the buyer ---and no middle men (or women).
Technology has really changed the exposure that FSBOs get. With online services such as Craigslist, and Zillow now in the mix, owners don’t have to rely just on word of mouth, signs in the yard, or newspaper ads anymore!
The disadvantage of these advertizing methods is that the seller will be competing with buyers who have been conditioned to look on the MLS, where the majority of FSBOs just can’t arrange to show.
What sellers may not realize is that they must still clean and fix up the property. In addition, they have to show their house to complete strangers, hoping that one will like it enough to make an offer. Even with the offer, a seller must be cautious in case the buyer’s financing falls through, or the buyer changes their mind during inspection. Owners selling this way are responsible for reviewing all offers and negotiating the sale, and all the contracts and documents to finish the transaction. Selling this way takes a lot of patience and work.
Both these methods require weeks or months to have a sale and need money for repairs and renovations. Usually after a few months of trying to sell, the seller will agree to ANY offer that comes their way and usually for a lot less than they were expecting.
What if there was a better way?
You can sell your house right now, as is, to a willing buyer with available funds! There are numerous benefits to you:
- No long contract periods or expensive commissions with indifferent agents! We can pay cash!
- No spending thousands of your dollars on repairs or renovations that buyers will not even appreciate. We buy properties in any condition!
- No spending nights and weekends – or missing work -- to show your house to curious strangers, hoping for offers and waiting to see if they qualify for a mortgage. When we show up, we are ready to make a deal!
- You can get out of your mortgage payments quickly and in a few simple steps and start your new life! We are prepared to close whenever you want!
So what’s the catch?
We can’t help you unless you contact us!
If you are putting your home on the market, winter can be a very stressful time. Most people are not focused on buying a house at this time of year. This may extend the time it takes to sell your property.
If selling during the winter isn't something you wish to consider right now, we can help.
If you have come to the realization that it is time to move right now to have a better life, but your house isn’t ready for the traditional market, we can help.
If you are juggling too many responsibilities to sell your house yourself this winter, then there are people who specialize in the sale of properties "as is" - usually within a week to resolve the situation quickly. We have a team of professionals able to assist you immediately.
Contact us for details.
So thanks for reading my post. I'm so glad you're here!
And I really look forward to getting into more great stuff in future posts -- so that you can
Turn Your House To $OLD!
Feel free to ask me any questions through the contact info below. I would be very happy to help.
Some photos provided by Léa Dubedout, Richard Thomas and Joe Belanger