Traditional Ways Of Selling Real Estate - House Buyers Fredericksburg: When you need to sell your house you have choices as to how you will sell it. The common options are to use a real estate agent or to sell it yourself as an FSBO, or for sale by owner. When you use an agent to sell your house you won’t have to do much as far as selling goes.
Agents do most of the work of the sale process, but there are still things that you will have to do to get the house ready for a good presentation. An agent will usually come to see the property and take photos for the listing. There are usually recommendations made on which rooms to remodel or at least fix up so everything looks just so. If you are strapped for money and having trouble paying your mortgage this may not be a good time for you to put out more money to help get the house sold.
The current market is making it difficult to sell houses in the traditional ways. MLS listings are where buyers go that are interested in seeing what’s available. The trouble is that there are too few buyers today and far too many homes on the market. The prices are dropping and it isn’t certain when the market will once again stabilize. This is a serious problem when you are in trouble with your mortgage and must sell quickly.
Homes on the traditional sales market are so numerous, in fact, that the prices are lower than they should be and those that fix their homes up at a great cost are unlikely to see a return on their money. On top of that, it takes many months and even as long as a couple of years to sell a house in the traditional way these days.
The other problem that is making home sales more challenging is the tighter rules for qualification for loans. That means that no matter how much someone loves your house and wants to buy it, they could be denied the loan from the lenders and the sale will fall through. Now you’ll be back at square one and have to start over again.
Real estate agents work on commission and are working on several houses at once so that may slow things up a bit. If you don’t have time to wait for your house to sell you might consider the use of a real estate investor. They buy houses fast and with much less hassle.
We are looking for all types of single and multi-family homes. Your home does not have to be in perfect condition. With your property, we structure several options, and let you choose the one that best suits your needs. We take the financial burden of having to pay monthly mortgage payments off your back and we’ll take care of any rehab or maintenance, regardless of how minor or serious.
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