The most common reason you may need to sell your home is because you need to relocate. Prior to 2007 the average duration people stayed in their home was 7 years. After the collapse of the housing market the average increased from 7 years to 11 years. Even though the length of time people say in their home has increased, there are many people that need to sell their home quickly so they can relocate.
Relocation because of a job offer in another city is a common occurrence. The Internet allows us all to search for employment across multiple towns, states, and countries. One of the biggest obstacles of accepting a new job is selling your home. The options you should consider when selling your home include selling your home yourself, for sale by owner, selling with a home selling agent, or selling to a local real estate investor.
Sell your house home by yourself can be a complicated process but may save you money. The money you save can be contributed to the savings of not having to pay a real estate agent or real estate broker. Agents gents typically cost 6 percent of your homes selling price, 3 percent for real estate agent representing the seller and 3 percent for the real estate agent representing the buyer. If you are selling a $200,000 home then the cost of selling with a real estate agent will be $12,000. The important thing to remember about selling with a real estate agent is that it is their job and this will save you time and frustration.
The next option to consider is selling your home yourself, FSBO. If you decide to sell your home yourself you should consider the time and effort it will take you. Although you may save money in the end, the time and effort will be tremendous. You will need to research and learn how to sell your home yourself. You may want to attend a local FSBO class, which typically cost between $100 and $200. After you learn how to sell your home you will need to spend some money on marketing your home. If you want your home shown on the Multiple Listing Service then you will likely have to pay between $250 and $300 for a couple month listing. This will allow your home to be viewed by reale state agents that have buyer for houses. The important thing to remember is that if an agent with a buyer does find your home, you will need to pay the buyers realtor fess which is 3 percent of your homes selling price.
The last way of selling your house that you should consider is selling to a local real estate investor. There are real estate investors in every major city in the nation. These investors purchase home from people that would like to sell quickly for a reasonable price. Some of the benefits of selling to a real estate investor include selling quickly, selling for a fair price, and selling your home without having to fix anything. Although real estate investors will want to buy your house for less than full market value, you will get a quick sale, not have to pay realtor fees, and don’t have to learn, list, and sell your home FSBO.