What Are My Options To Sell My House Fast In Eastpointe Michigan?
Homeowners in Eastpointe MI who want to sell their home quickly need to know what their options are.
If you own a home and you’re thinking, wondering, how do I sell my house fast in Eastpointe Michigan, this blog post is a quick tutorial on your available options, and how you decide which option is right for you.
The speed of selling your home comes down to three main factors:
1. How long you’re willing to take to sell your house
2. How much you’re willing to spend to sell your house
3. How much you’re asking for your house
Consideration #1: What Is Your Timeline?
The first factor is: how long are you willing to wait to sell your house? Most people think of selling their home the traditional way by listing through an agent. This method of selling can take 3 to 6 months (sometimes longer, depending on market conditions). So if you have a lot of time and are not in any rush, this might be a good option for you.
However, many homeowners don’t want to wait that long. Usually, people sell because they need to move. They don’t always have 3 to 6 months (or longer) to wait for a sale. There’s also a lot of other costs associated with selling through an agent. The other option is to bypass the agent and sell directly to a home buyer.
Consideration #2: How Much Do You Want To Spend?
Most people are surprised by this question because they don’t realize that they have to spend money to sell their house. If you sell the traditional way, you’ll end up paying significant costs for two things: renovations before listing to get the house into retail condition, and after you sell, when you pay your real estate agent a commission for selling the property. Both of these can costs THOUSANDS of dollars.
Not all homeowners are comfortable SPENDING all that money in order to SELL their house. If you’re a homeowner who would prefer to keep more in your pocket, you have another option. You can sell your house direct to a homebuyer like us at Cash Buyers Macomb. We buy houses as-is and take care of all costs (and there are no fees or commissions).
Consideration #3: Selling Price
Some homeowners believe that the market price for their house will be high, so they’re willing to wait and gamble to see if a buyer will purchase it for that price. When a buyer is eventually found, they MIGHT offer more, the same, or less than the asking price.
Not all homeowners like the “unknown” of this gamble. They don’t want to wait months in hopes that someone will offer what they’re asking. They subscribe to the saying, “a bird in the hand is worth two in the bush”, meaning that they’d rather work with a home buyer who can close quickly and pay cash. Oftentimes, even though a cash buyer is going to offer less than retail, the seller can often end up with more cash in their pocket. This is because there are so many less costs associated with selling AS-IS to a cash buyer.
There’s also the option to seller finance your property to an end buyer. In other words, you become the bank. This is a great way to actually get MORE than retail value for your property. You can collect payments with interest over time. You’ll end up getting the most amount of money for your house in exchange for a longer pay off. Plus, you’ll be receiving a check in the mail every month for doing nothing at all!
If you’re a homeowner and you’re wondering, “What are my options to sell my house fast in Eastpointe Michigan,” then it really comes down to these 3 considerations. Determine what’s most important to you and select the best option.