Do you need to sell your house in Suffolk? This article will give you the three ways you can do that and some Pros and Cons to each. You can find out much more if you contact us when you are ready to sell. Even though we buy houses, we don’t really work with every customer or a house we see. Our specific customers are people who value ease and speed of the transaction as opposed to making repairs and selling the house months down the road.
Selling Through An Agent
When you are ready to sell your Suffolk, house, most people can tell you (as you may already know) to go with a realtor (agent). This is a the traditional way and it works fine, but not in all cases. When you are working with an agent you would be expected to sign an agreement with them to represent you, get 6% commission, you’ll be asked to do repairs, cleaning, and staging. You would fetch a high dollar amount from the sale, but you will have to go through all of the hoops to do cleaning, repairs, multiple showings, and pay commissions, and not be sure when the closing will be, which would be controlled primarily by the mortgage lender of your buyer. So, what else could you do to sell your house? Read on…
Sell It Yourself (FSBO)
Selling a house FSBO (For Sale By Owner) in Suffolk is also very doable, if you have some time and money. The recommendation is to do some repairs, at least cosmetic. If you house needs major items updated, then you should. That means new roof, HVAC, kitchen, etc. These are big-ticket items, but they add the most value. If you are looking for that “Internet” price for you house, you will need to do a major rehab. How much does that cost? Well, in today’s dollars, in our state, you may be looking at 30k-60k in repairs for a medium-sized 3 bedroom/2 bath house. If you want a simple and cheap, cosmetic-only rehab, it will be less, but your house will not sell for near those amounts you see online. Why? Many of the houses sold online are rehabbed ones and the average numbers you see there, as far as price, are for the newly-renovated houses – at the highest sale prices, which will beat any other house that was rehabbed 3-10 yrs ago. So, if your house was not fully-rehabbed recently, it will sell for significantly cheaper than the recently updated houses you see online, even if they are exactly the same size & age as yours.
So, what’s the benefit of selling via FSBO? Well, you have control over all the negotiations with the buyer and you will not need to pay commission to your selling agent (because that’s you), but you would still need to pay the buyer’s representing agent (usually 3% of the sale amount). That’s what you’ll save. Beware, you’ll need to do all the prep work, paperwork, repairs, price-setting, showings at any time of day or night to potential buyers, and you will need to do all of your own marketing. So, is there a way to sell a house easier and quicker? Yes, read on…
Sell Direct To A Local House Cash Buyer
You could avoid all the hassles above and sell your house directly to a local house buyer, like Coastal Edge Homebuyers. You can get cash in 2 weeks and be done with it – no repairs, no agents, no commissions, no cleaning, no fees, no other costs. Why? Because the local cash buyer buys houses as-is, in any condition. You can even choose your own closing date, which can be very important if you are planning a move to another city or a state. Also, were you aware that if you sell your house via FSBO or an agent there are closings costs and holding costs you’ll need to pay? The holding costs are all the expenses when you are preparing your house for sale – utilities, repairs, mortgage, etc. You are facing a small fortune in costs when you are selling your Suffolk house. Why not avoid all these costs you’d normally expect to pay, by selling directly to Coastal Edge Homebuyers instead? With a sale to Coastal Edge Homebuyers closings are super quick, usually within several weeks, and you don’t need to worry about any repairs or cleanup. Coastal Edge Homebuyers handles all the risks, by buying your home as-is. Coastal Edge Homebuyers even pays all of your closing costs. Send us a message or call us at (757) 414-7117 today to find out if we are the best solution for you!