The Basics
If you’ve made the decision to sell your house, you’re just not sure whether you want to go with the traditional selling process or sell to a cash home buyer, this post is for you. We’re going to give you some great tips for selling, regardless of the method. Plus, we’re going to tell you some of the costs of traditional selling and some advantages of selling your house for cash.
Incidentally, you can start the process of getting a free, no-obligation, all cash offer from Sell Your House Fast – Mississippi right here on our homepage of this website!
Compare Prices
If you’re going to put the house on the open market, you’ll want to know how to figure out the fair market value. It’s really easy to get a very good estimate with two things. First, compare home prices of similar houses in your area that sold recently, to come up with a price average. (One of the biggest mistakes homeowners make is overpricing due to emotional attachment.)
Property Tax Bill
Then, find your last property taxes bill and look near the end at the bottom. If you look closely you’ll find your home’s appraised value, according to the city’s ‘unofficial’ appraisal. Compare it with the other approximation you got from recent sales, and estimate a fair sales price that falls somewhere between the two. Now let’s go over some of the costs associated with a traditional sale.
Prepare the House
You’re going to want to work on your curb appeal to attract potential buyers and make necessary repairs. The outside of your house is important because it’s the first impression buyers get. Landscaping and making the property look well cared for and inviting from the street is critical for a traditional sale. Making repairs throughout the interior and exterior is also a cost to include.
Real Estate Agents
Selling traditionally generally means you’re going to need a real estate agent. If you’re going the traditional route, an agent is necessary to get top dollar for your property. To get as much money as possible, find an agent who clicks with you. Just keep in mind the average commission is still 5-6% of the purchase price, which is a significant cost.
Individual Buyers and Lender Requirements – The Home Inspection
Remember that most traditional real estate buyers are going to be dependent on a mortgage loan for the funds to purchase property. Therefore, be prepared for the various lender requirements that all take time, such as an extensive credit report, a home appraisal, and a home inspection. Additionally, depending on the home inspection, you may have to make major repairs before any real estate investors will be approved.
Title Services
These services are necessary for any real estate purchase, and you’ll need both a title company and an escrow company, or a title company that offers both. The title services will do the title search and insurance to ensure a clear title for the buyer.
Escrow Services
When a buyer is putting money as a down payment to show their serious interest in purchasing your property, the escrow services put the earnest money into a separate bank account until the sale is completed. They also handle all the paperwork and the application fee.
Additional Costs
You may also want to have a real estate attorney or a closing agent help you go over the contract and closing documents, and to help negotiate. Seller concessions and other details can be quite significant and important. Someone to go over the legalities can be crucial, especially if you decide to sell FSBO (for sale by owner). See our blog post about the costs of selling for other additional costs.
Selling Your House for Cash
There are legitimate companies that buy houses for cash, and there are also scam artists who try to buy at a huge discounted price. Sellers should not pay extra fees for cash purchases. When sellers want a simple process and a quick sale, talking to a cash buyer is the answer. But who do so many sellers trust to buy their house outright for cash?
Sell Your House Fast – Mississippi
There’s one house buying company you can trust for sure, and that’s Sell Your House Fast – Mississippi. We are built on integrity and reliability, and we believe in complete transparency with cash sales. We are the cash buyers who care about our clients. We want to help sellers in difficult circumstances find a solution, and a cash sale can be a win-win situation.
Advantages to Selling for Cash
Here are some definite advantages to selling with Sell Your House Fast – Mississippi:
- NO REAL ESTATE AGENT COMMISSIONS!
- NO CLOSING COSTS!
- NO STAGING OR OPEN HOUSES REQUIRED!
- NO HOME APPRAISALS NEEDED!
- NO HOME INSPECTIONS NECESSARY!
- NO REPAIRS NEEDED!
- NO FEES – WE PAY ANY LEGAL OR OTHER COSTS ASSOCIATED WITH THE SALE OF YOUR HOUSE!
- WE BUY HOUSES IN ANY CONDITION!
- GET A NO OBLIGATION, FREE CASH OFFER!
How to Get a Free Cash Offer
Just fill out the short form on our homepage right here on this website, and a cash buyer will be in touch shortly to schedule an appointment to visit the property in person. At that time, they can answer any questions you may have, and will be prepared to make you a cash offer on the spot! There is no obligation to accept the offer and no strings attached. So what are you waiting for? Contact Sell Your House Fast – Mississippi today.
