Even in a seller’s market, when you think “I want to sell my house Fort Lauderdale” you can be entering in an expensive affair if you go the traditional route. Many sellers do not realize the drain it can have on your bank account, given how long it can take to sell on the market. Commissions, holding costs like mortgage and utility bills, and expensive closing costs can all significantly chip away at any profit you would have received post-sale. Assume the final sales price of your home is around $200,000. The average real estate commission is around 5-7% which is up to $14,000 out of your profit margin. Factor in the other additional holding costs, you may be lucky to receive any profit at all. In this post, find four tips to help you sell your Fort Lauderdale home as cheaply as possible. Selling a home quickly, cheaply and at a fair price for you is where Your Trusted Home Buyer specializes. We are a Florida based team of professional home buyers and we buy houses in Fort Lauderdale. Continue reading to find out how selling to us can help you sell your home cheaply and hassle-free and find out more information about us in our website. These are our few tips!
- Sell to a Direct Buyer
- There are numerous benefits to selling your home to a direct buyer besides the ease and low expense cost of sale. Selling to direct buyers helps bypass all expenses that come by default of selling a home via MLS
- At Your Trusted Home Buyer, we buy houses Fort Lauderdale, Orlando, and all cities in the Florida state in an easy way. We prioritize people over price. Being local Floridians ourselves, we hate seeing people lose their homes or struggle to sell them while dealing with other personal or professional complications. We have your best interest at heart, and you will have our 100% honest guidance and support right through the closing process.
- Working with direct buyers like us means you save on several expenses that would have come your way. We charge 0 commissions and handle the closing costs. Additionally, you have no marketing expense, we buy the property as is, and will handle all necessary repairs as well. We can help you close in as little as seven days and you can release yourself from paying all the holding costs immediately. Selling to a direct buyer is a very viable option to sell your home cheaply
- Sell the home yourself
- Selling property via a “For sale by Owner” or FSBO listing is another option to consider saving some money. The key benefit to an FSBO sale is again, there is no real estate agent involved which means no commissions or fees.
- However, selling via FSBO may be tempting it has certain risks and requires specific in-depth knowledge. Any mistake you make can be extremely costly and you are fully liable for them.
- The seller must understand the real estate industry and his/her local market. Incorrect extremely high valuations of the property may lead to a lost sale as potential buyers pull out or, you sell horribly under market value and could lose a lot of money. Even more than what you would have lost by using a real estate agent
- There may be legal risks also associated with the process if the documents are drawn up correctly or the details about the home are not correctly disclosed.
- Selling via FSBO can also be a time-consuming process, and if you have little experience with the real estate industry you use either a direct buyer or a real estate agent
- Understand Demography and Location
- Selling your house also involves thoroughly understanding its neighborhood and surrounding area. Take time to familiarize yourself with the current economic situation, the demography of the locals, school zones and crime rates, and what public facilities or amenities are nearby.
- This will help you better gauge the kind of buyers you are looking for and what may attract them to your home. Understanding the demography can help you understand what prices would be affordable to target buyers as well