4 Home Selling Methods and How to Choose for the Most Profit
Selling a house isn’t a walk in the park, especially when there is tight competition in the market. Apart from ensuring that you’ll be selling your home, you also need to make sure you get the most profit out of it so you may get your money’s worth.
As you’re trying to sell your home, you need to know various methods and tips to ensure that you’re selling it quickly for the right price. And so, below are some home selling methods that can allow you to get the most profit:
1. Hire a Real Estate Agent
One of the best and most effective ways to sell a house for the right price is by hiring a real estate agent. They know the market well and are aware of the tactics or strategies to sell it effectively to the right audience. Their skills and experience can guarantee you a decent profit that’ll surely make you smile. However, with the benefits that they can provide you, you also need to prepare for the real estate agent commission fees.
Since you’re acquiring the benefits of what a real estate agent provides, you’ll need to pay them depending on your deal. It could either range from 5 to 10 percent of the selling price. While it might seem relatively high, they can try to sell your house for a higher price and allow you to get the profit that you’ve initially anticipated.
Consider hiring a real estate agent if:
- You have little or no idea how real estate works.
- You’re looking for a professional who can sell your home for the highest price.
2. Go for a Discount Agent
Hiring a flat fee or discount agent is your next best choice if you’re not too comfortable giving a real estate agent 5 to 10 percent of the selling price. This type of agent can help you sell your home but might not provide you with the same skill level and full service compared to what a real estate agent can offer.
A discount agent will only help advertise your home but will require you to do more of the legwork, such as staging your home, taking photographs of your home, and hosting open houses. Depending on your discount agent, you can give them as little as a 1% commission rate.
Consider hiring a discount agent if:
- You’d like to maximize your profits but pay little for professional help.
- You’d like to be active and present with your house-selling process.
3. Sell to Cash Buyers
If you’re looking for a stress-free and quick way to sell your property, going for cash buyers would be the best option for you. This way, you don’t have to put in too much work, but only show your home to a single person, and they should give you the exact price right away for how much they’d be willing to purchase your home. It’ll be quick and easy.
The only downside of selling your home to cash buyers is that you might not receive your anticipated price and get something on the smaller side. But if you’re looking for ways to sell your home quickly without putting any effort, selling your house to cash buyers would be your best option.
Sell your home to cash buyers if:
- You want to sell your house quickly
- You want to avoid staging or renovating your home.
4. Sell It Yourself
If you’d like to be hands-on with your house selling process and save from paying a professional fee, you can always sell the house yourself. This way, you don’t have to go through so many procedures, but rather allow yourself to be the first contact of your potential home buyers. However, this would only sit well if you know the ins and outs of real estate.
When selling the house yourself, you need to ensure that you stage it properly to allow people to see your home’s full potential. Additionally, it’d help if you could do some essential repairs and renovations to let your home be move-in ready. The quicker you can allow your home to house a new family, the more homebuyers you could attract.
Sell your house yourself if:
- You know the complete house selling process
- You’d like to be hands-on with the selling process
Selling property isn’t an easy task, especially in a competitive market. But with proper planning and strategy, you should be able to sell your home for the right price, making your investment worth it. While some might require you to spend on renovation and repairs, the convenience you’ll bring to your clients would be something they’d be willing to pay more for.