What to Consider When Selling Your Home
You have made your first crucial decision; it is time to sell. The thoughts that burn next are strong enough to power a freight train. How much? How long will it take? What to do next? Relax and let’s go over a few important considerations when selling your home in Tennessee.
Situation: What has driven your recent decision to sell? This could be anything from finances, job relocation, divorce, or many other common factors. It is important to reflect on “The Why” as it will complement the considerations to follow. Remember, you may think your situation is unique, and as it may, we are experienced in solving unique problems with creative solutions.
Time: When do you need to close on your property? A few months? A few days? Your answer will determine whether you need someone like us to barge in with a bag of cash, or possibly listing your property on the MLS with a realtor. If time management is crucial to you, keep in mind you will need to dedicate some effort to maintaining the cleanliness of your home while entertaining repairs and showings when listing on the MLS. Typically, when you list your home, you can expect it to sell in 30 days and pay up to 10%-11% in sales commissions coupled with closing cost. We buy homes “AS-IS”, meaning you don’t have to fix or clean a thing. You can even leave your unwanted belongings behind. We do not list your home and charge NO Hidden fees and pay ALL closing cost.
Condition: What major repairs does your home need to receive top dollar? It is common when listing on the MLS for the buyer to ask for pricey repair concessions, or some type of repair credit when submitting their offer. Not to mention what the home inspector may find and require you to fix. Homeowners spent on average $15,000 in repairs when listing their home in 2021. That leaves you to do some serious negotiating or forfeit some profit from your sale. Truthfully, the condition of your home will inevitably influence any offer price. This shouldn’t come as a surprise, however, prepare yourself mentally to welcome lower offers than expected if your home is in disrepair. We submit clear, fair, AS-IS offers so you don’t have to worry about hiring out the work or waiting to receive multiple bids on the job.
Price: Price is determined in real estate by multiple factors. The most common is comparable properties or “comps” sold recently in your area. We look at the number of bedrooms, bathrooms, and square feet to determine an “After Repair Value.” This is the most your home would sell for in pristine condition. Other considerations that determine your homes current value is the neighborhood it is located in. Do you have a neighbor that hoards trash or vehicles in their yard? Is your area high in crime or vandalism? Possibly near a county landfill? Location is a biggie when deciding price. Other items include.
· Age and Condition
· Upgrades and Updates
· The demand of the local housing market
· Economic Indicators
· Current Interest rates
We understand this can be overwhelming to process. When choosing to sell your home, be sure to speak to a professional. We guarantee we will provide you with the best options to fit your needs. Whether you close with us or with a realtor. We are real estate investors with over a decade of experience in all situations related to real estate. You will only gain by giving us a call today. (931)-223-4396