Here’s a look at the pros and cons of the two most common ways to sell.
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If you've decided to sell your home, there are two main ways of doing so.
First, let’s talk about selling it directly to an investor. The advantage to this method is that there is less hassle in general; you usually don’t have to prepare your home for sale, fret about making repairs, and deal with setting up showing times. Your home won’t even be listed in the MLS. For the most part, you’ll be able to move on your terms.
However, the downside of selling to an investor is that you’ll usually end up with less money in your pocket—just how much less exactly depends on variables like your home’s condition and price point.
The second (and most popular) way to sell your home is through a traditional listing. The advantage of doing so is that, in most cases, you’ll end up with much more money in your pocket. You’ll also have guidance and representation through every step of the sale from an experienced agent, and that includes pre-marketing, home preparation, contract negotiation, inspections, and closing.
The not-so-great part about going the traditional listing route is that buyers will need to come through your property. Though there will be plenty of virtual showings as well. Most buyers will, at some point, want to see the home in person. Here’s something to keep in mind: Yes, you’ll have to set aside time to prepare your home and let strangers walk through it, but a traditional listing in this market could lead to a multiple-offer situation.
If you have questions about either of the two main methods of home selling, or you’d like to discuss what’s best for your specific property, feel free to call me or my team or shoot us an email. We’d be more than happy to have a chat with you!