Selling your home is a big decision, and it’s natural to lean toward the traditional route of working with a real estate agent. However, that’s not the only option available. Depending on your needs and timeline, waiting for the right buyer might not be the best fit. That’s why we’ve created a comprehensive guide exploring various home-selling strategies. Whether you need a quick sale or prefer a more customized approach, this guide will help you navigate the process and choose the best path for your situation.
Traditional MLS
Listing your home on the MLS provides unmatched exposure by feeding your listing to major real estate portals, reaching buyers and professionals worldwide, however, selling traditionally requires prepping your home for buyers, including maintenance, updates, and daily upkeep to keep it show-ready.
Even after securing an offer, negotiations may arise post-inspection, with buyers requesting repairs that can be costly and time-consuming.
Appraisal issues can also cause setbacks, especially if the appraisal comes in lower than expected, potentially forcing a renegotiation or a lost deal.
Sell to an Investor
If you want to avoid the complexities of a traditional home sale, selling to an investor is a great option. It can save you time and money, allowing for a quicker and more reliable closing, often without the usual fees and delays.
One major advantage of selling to a cash buyer is the fast turnaround. Without mortgage underwriting, some cash buyers can close in under two weeks, compared to the months-long escrow period of a traditional sale. Additionally, cash sales are more secure since there’s no risk of financing falling through.
Investors are often more flexible about a home’s condition, meaning you may not need to invest in repairs or staging. You can also save on real estate commissions since many investors have streamlined purchase processes, potentially eliminating some agent fees.