Are you being overwhelmed with your selling options?
What do you do it you want to maximize your purchase price on your home?
What do you do it you need to get out of your house lightening fast?
What do you do if you want to be in control of the entire selling process?
Let’s dig deeper on how each selling option works for you.
Comparing Your Selling Options
It is always smart to explore your selling options before selling your house in Atlanta.
In this post, find out if a direct sale, an FSBO or hiring an agent is the way to go for you.
Many people think that the only way to sell their house successfully is to hire an agent and wait around for a buyer.
However, this is not the only way to sell.
Many people are opting to sell on their own, either using an FSBO listing or selling to a direct buyer, thus eliminating repair costs and commissions.
The best way to decide how to sell is to compare the financial aspects and time commitment required for each selling method.
Take a look at some basic comparisons below.
A Direct Sale To An Investor
An exciting new job opportunity opens up but there’s only one problem…
It’s across the country and you’ve got this ball-and-chain called a house weighing down your mobility.
You’d rather not dilly dally with home prep, showings, and stagings, and simply need a fast out.
You need to sell your house asap.
Most sellers are focused on commanding the highest price for their home.
They choose to list it the conventional way with the help of an agent.
A sudden life change can make selling your house for cash instantly an attractive option, even if it means taking a price cut.
A direct sale of your house will help you sell your house quickly and efficiently.
Working with Breyer Home Buyers will:
- eliminate all selling costs
- save you valuable time
- let you plan ahead
- help you keep more cash in your pocket
You won’t need to spend any time or money on repairs, upgrades, cleaning or staging.
We handle all of the paperwork and are able to pay you for your house right away.
A traditional sale can take months, whereas selling directly to Breyer Home Buyers will take only a few days.
We will work on your schedule to make the process as simple as possible for you.
Selling On Your Own – For Sale By Owner
Selling your Atlanta house on your own will require some real effort.
It is wise to have some real estate knowledge under your belt.
What You Need To Know To FSBO
You should understand all laws, contracts, and be prepared for the negotiation process.
You should understand the local market, and be able to recognize a good offer.
A mistake most FSBOs make is listing too high and never selling.
With a For Sale By Owner Listing, or an FSBO, you will need to handle all of the marketing on your own.
This includes online listings, print materials, newspaper ads, open houses, and signage.
You will also need to be able to answer questions and show the property to potential buyers as requested.
If you do find a potential buyer, you will need to ensure all of the paperwork and contracts are handled correctly.
When choosing an FSBO listing, it is always smart to speak to a local real estate attorney to make sure everything is done the right way.
Selling your home yourself means you can avoid losing 5-6% of your equity toward paying your real estate agent’s commission.
Plus, in the event that you’re putting your house up for sale in a seller’s market, finding a buyer won’t be too challenging.
Now, if the buyer has their own agent who can handle the transaction, does a seller really need their own?
If you want a fast sale, yes.
The buyer’s agent is exactly that—the buyer’s agent.
If closing quickly isn’t a priority to the buyer, the agent will cater to her client’s needs during closing and put your desire for a fast sale second.
Aside from being your advocate, your agent will know all the tips and tricks for a fast sale from pre-listing through closing.
Out of all homes sold in 2016, only 8% were FSBO sales.
And of those sales, only 54% were interested in selling fast.
Those who do sell their homes fast typically do so because their buyer was a friend, relative or neighbor—and in that case, they are selling at an average 56% discount ($160,300 compared to $250,000).
If you are set on selling yourself, you’ll need to get educated on all the closing documents you and your seller will need to successfully complete the sale.
And you’ll need to arrange for an attorney and title company to help you complete the transaction.
Without an expert to keep track of all the intricacies of the transaction, you cannot necessarily count on the sale to go quickly or smoothly.
Hiring An Agent
Don’t mind some upfront costs, costs after the sale, and don’t have a set time in which you need to sell by?
Hiring a local Atlanta agent is the choice for you.
Selling Your House
When you put your house on the MLS, you will likely need to do some work to the house so it is competitive with others on the market.
This can involve professional cleaning, staging, repairs, and upgrades.
Once the house is listed, the agent will schedule showings which you shouldn’t be around for.
It can make buyers feel uncomfortable, decreasing your chances for a sale.
You will then need to wait to see if an offer comes in.
This can happen in days, weeks, months, or sometimes not at all.
If a buyer is found, you will have to go through the escrow process.
This process involves inspections, appraisals, and any other red-tape from the lender.
Picking The Right Realtor
If you’re on a tight deadline, it’s reasonable to worry about whether a real estate agent will work at the right place.
That means not just any old real estate agent will do.
You need to partner up with an agent who has a track record of selling homes just like yours quickly in your area.
These hyperlocal experts know what makes buyers tick and how to secure a fast sale in negotiations.
(Sounds better than hiring your cousin George who does real estate as a hobby, right?)
After an offer is accepted, it can be weeks before the property actually closes.
It’s Over To You
At Breyer Home Buyers, we want to help you make the decision that is in your best interest.
Whether you decide to sell directly, on your own, or with an agent, make sure to fully explore all your options before choosing how to sell your Atlanta home.