Have you been planning to sell your house? Stop! Hold off from calling your favorite real estate agent. Not every situation is suited for using realtors, especially in today’s real estate climate. If you don’t have a sparkling remodeled house, listing your house on the MLS might not be the ideal choice. Usually, if your house needs some work or TLC, it will stay on the market much longer and you’ll suffer from receiving “low-ball” offers. This is because most buyers are looking for move-in-ready homes, so only a handful of handymen and investors are interested in buying a house that needs fixing up.
While your house is sitting unsold on the market, you still have to deal with the daily maintenance, repairs, and bills associated with your property. It costs a lot of money to hold onto real estate, and some sellers just don’t have the financial armor to withstand 90-120 days before the house can finally be sold. However, there are also sellers that have the budget to weather these storms. These sellers can even cut out the real estate agents so that they don’t have to pay commissions and keep a higher profit margin.
Read on as we explore three unconventional ways to sell your house in Augusta.
Rent-To-Own
Rent to own is not a new strategy, and it’s been proven very effective and profitable for those who can pull it off. This is the first of our unconventional ways to sell your house in Augusta. Although it can take a few years for your total profit to materialize, you will end up making a lot more money from the sale than the traditional selling method. By giving your tenants the option to own the home by buying it from you in the future (usually within 1-5 years), you are not only able to sell it for above market value but also can charge a much higher rent than the typical rental property. Tenants-buyers feel secure about their long-term livelihood in your rentals while you will enjoy a better profit margin; it’s a win-win scenario for both parties. If there is a problem/repairs happening at the property while the tenant-buyer is renting, they will be the one responsible for taking care of it. You won’t have to do any repairs like in the traditional rental because the tenants are treating this place as if it’s their own home. You can set your sale price higher than market value because it is safe to assume that real estate value goes up over time, and your tenants-buyers can understand this concept also.
FSBO
Another unconventional way to sell your house in Augusta is to prep, list, and market the property yourself, saving the commissions for yourself. Regrettably, only about 11 percent of those homeowners who select the sales method are successful. Should you choose this route, you must understand that the primary job of a real estate agent is to market your home. To compete against other listings, you will need the same prep work, high-quality digital photography, and online exposure for the same results. Additionally, these sellers typically value their home using less than conventional means, and when the price is not right, the sale just does not happen. Overpriced homes sit because the tech-savvy buyers of today are fully aware of how much house they can buy for the amount you’re asking. Underpriced homes sit because these buyers are left to wonder what is wrong that is unseen in the listing. Most importantly, it is essential that you fully understand the laws regarding disclosure and the consequences of neglecting this aspect of home sales.
Direct Sale
One of the most unfamiliar of these unconventional ways to sell your house in Augusta is the direct sale of a home. This option is very attractive to homeowners that are in a hurry to sell or their homes aren’t in tip-top condition. Going this route means that you don’t have to worry about doing repairs, cleaning, countless showings, or finding the right buyers. The process becomes very streamlined and you can get your house sold as fast as 7 days. Direct home buyers always buy homes in the as-is conditions so you won’t have to spend money on making the house presentable. Companies like HBI Home Solutions will work with you on selecting a closing date that best fits your schedule. In case where you’re not ready yet to sell the home anytime soon, we can push out the closing up to a few months to fit your needs. If you’re considering an unconventional way to sell your house in Augusta, give us a try by filling out the form below, or you can always give us a call. At HBI Home Solutions, our direct home buyers will guide you through every step of the process and consult you on the best options for you. If we’re not the best fit for you for some reason, we’ll be sure to provide you with a few contacts that will serve you what you need. Contact HBI Home Solutions today at (706) 389-5419.