Do you want to sell a home? It may not be as simple as you think. Some people imagine that it’s as simple as contacting a real estate agent, posting the listing online and waiting for the money to roll in. But if you’re selling your home the “traditional” way, this “simple” approach could be much further from the truth.
You always want to start the home-selling process by evaluating your market. This sounds fancy and complex, but it doesn’t have to be. It can be as simple as jumping onto your local real estate website, such as Redfin or Zillow, as those are the two main sites here in Washington State. Then, run a search for homes.
If there are tons of listings, then selling your home could be a challenge because it means you’re in a buyer’s market. Buyers are spoiled for choice, and could be pickier or offer less money. They’ll negotiate harder for homes that they want, because there are many homes to choose from if they don’t get exactly what they want.
If there are only a few homes on the market, then you’re in good shape. You’re in a seller’s market, and buyers may have to fight with each other for the privilege of buying your home.
Preparing the Home for Sale
Preparing your home for sale is about more than planting some flowers in the front yard and slapping on a fresh coat of paint; preparing your home can include the removal of all personal items, the elimination of any smells, and some advice to “turn your bathroom into a spa.”
All of these suggestions assume that the house is more or less in good repair. If this isn’t true, you may have to sink money into major repairs.
Keeping the Home Ready for Sale
This is a challenge if you’re actually living in the home. You have to live without most personal items, and keep the home spotless, impersonal, smell- free and magazine ready.
Buyers with Unrealistic Expectations
In the back of their mind, buyers expect even older, used homes built in the 50’s and 60’s to look and feel brand new. Few will want to pay your asking price. These attitudes can become a frustrating hassle, especially when you’re trying to sell a home that you’ve loved and made so many memories in over the years.
Contingencies, Inspections, Negotiations and Other Delays
Once an offer is made and accepted, you may enter a quagmire. First, the offer will come with contingencies which must be cleared before the sale can proceed. The most common is “contingent upon the home passing inspection.”
If you haven’t had a pre-inspection you might be in for some nasty surprises as you learn that your electrical system is out of date, there are problems with the foundation or the roof is sagging. The latter two issues are very common here in the State of Washington, as we experience so much rain and humidity throughout the year.
Problems with the home can spur a new round of negotiations involving home price, closing costs, who repairs what, and more. These negotiations can be frustrating and may delay the sale of your home.
Okay, so you’ve navigated all the hurdles and have a closing date, congratulations! But it’s not time to breathe a sigh of relief yet. Your deal can still fall apart even all the way up until closing. The mortgage company may choose to deny funding at the last minute, either because they don’t like the results of your home appraisal or because they’ve discovered something about your buyer that makes them nervous.
Either way, the bank has the power to put the entire deal back at square one, which means it can take a long time to sell your house even if you have the most desirable home in the world.
A Better Way
Believe it or not, you can avoid every single one of these headaches. You just have to think outside the box a little bit and work with a reputable real estate investor.
When you work with I Will Buy House, you don’t have to do anything to prepare your home. Give us a call and we’ll make an offer within 24 hours. It’s a cash offer, so if you want to proceed you can just sign it. We can close whenever you want, even if you want to close in one week. And while you won’t get top dollar for your home, you’ll avoid the expenses, headaches, and hassle of attempting to sell it on your own, or through a realtor. There are no strings attached, no obligation whatsoever to go with our offer, and no cost to you to pick up the phone and have a conversation with one of our house buying managers.
If you want to sell your home the fast and easy way, call us today.
Contact us for a free, no-risk quote within 24 hours.
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