If you’ve come to the decision that you want to sell your home, you may not know the plethora of options available to you. Whether you choose a real estate agent, an investor, or decide to sell it yourself, there are advantages and disadvantages that come with all three.
While many homeowners feel safe sticking with a real estate agent, depending on your individual circumstance, this may not be the best route to take. To give you more clarity and understanding, here are some of the best ways to sell your property in 2020.
Real Estate Agent
If there are no time constraints in regards to selling your property, you may feel more comfortable using a real estate agent. Understandably, homeowners want to get good value for money, so choosing this option will increase your chances of selling for the full market price. If you are patient and can wait between 6 and 12 months for a buyer to make an offer, choosing a real estate agent may be right for you.
While there are many advantages that you can receive from choosing a real estate agent, it’s important that you’re aware of the negatives too. Once your property has sold, you will need to pay your agent commission, which will be taken out of your profit. You will typically be expected to pay 6% of the transaction to the real estate agent. If you’re adamant on using a real estate agent, make sure that they possess effective communication skills and listen to your needs.
Sell it Yourself
If you have no urgency to move out of your property and would like more control, you may benefit from selling your home yourself. For those who are comfortable with negotiating, handling financials and contracts, picking this option may be wise in the long run. Acting on your own behalf will give you total freedom, not to mention you’ll avoid having to pay commission.
While many homeowners may thrive being in control, if you would prefer to have someone else do the hard work, it’s best to avoid selling your home yourself. There may be home improvements that you need to make to boost your home’s value and increase the chances of a sale too, so working out your finances beforehand is crucial. To help make up your mind, check out this guide on how to sell a house by owner which will teach you everything you need to know.
Sell to An Investor
If you need to sell your property quickly, it may be best to sell your home to an investor instead. Selling and moving home can take its toll and heighten stress levels, so if you want the process to run smoothly, choosing an investor will eradicate the need for any cleaning, repairs, or upkeep of the home. If you like the idea of selling your home within a matter of weeks, rather than months, selling to an investor is advised.
While there are many positives, you need to be aware that there are tons of scammers who operate online. The last thing you want is to be scammed out of money, so being safe when engaging with investors is crucial.
Regardless of the way you sell your home, it’s always best to do a bit of research beforehand so you can be confident in your final decision.