Home Selling Options…what are they?
Did you know there are multiple ways to sell your house in Salt Lake City and all of Utah? Learn about your house selling options in our latest post!
Most people think that selling their house requires a real estate agent’s services. They will find an agent, sign a listing agreement and wait. While this method of selling works great for some people selling a house, for other people it ends up costing much more time and money than they had expected. There are pros and cons to each method of selling a house. Keep reading to compare the differences for yourself! At Gary Buys Houses we want you to make the right decision for selling your Salt Lake City or Utah area house.
Selling Directly to A Professional Homebuyer
Selling directly to a professional home buyer should never cost you a thing. If it does, then you might be dealing with the wrong company. What this means is that a Professional House Buying Company will usually give you a “NET” price which means the contract should tell the seller exactly how much money they will get when the sale is final. One of the best benefits of a direct sale is all the money you will be able to keep in your pocket. Direct buyers, such as Gary Buys Houses, will buy your house as-is. You won’t have to spend money making repairs, cleaning up, upgrading the home, paying an agent, photographer or to have the home staged. In addition, you will save money on the houses monthly costs such as utilities, insurance, and property taxes. Even if you use our Sell Now Move Later Program, you don’t have to pay the monthly fees just listed.
The process of a direct sale is much faster most of the time than a traditional sale. If you choose to sell to Gary Buys Houses, we will be able to close on the house in just a matter of days, as opposed to a traditional sale which can take months. Or, we can close in 3 months, or you may want to close now, get your money now and stay in the house for a while RENT FREE. You will know your closing date and the amount you are walking away with from the very beginning. Knowing this information will allow you to plan ahead for your move or not have to worry about a vacant house any longer. With a traditional listing, you will know about when you will done with the sale, but things can happen and dates can change. This can be very stressful for you and your family. With a cash sale, you get to pick when you close and move!
With a direct sale to Gary Buys Houses, there is little to no effort needed on your part. We handle all of the details and pride ourselves on providing a simple and smooth transaction for you with NO HASSLES. You will not need to clean up the house for photos or property showings. We buy as-is, so there aren’t any repairs required. If the house is run-down and outdated, you will not need to spend any time making improvements. In fact, when you sell to us, you won’t even need to clean up. All you need to do it remove the items you wish to keep, and we will handle the rest! Selling your Salt Lake City house doesn’t get much easier than this!
Perhaps you have a house that is in good condition, and the only reason you are considering a professional house buyer is time. If you want to pick up the phone and call 801-382-9199, get an offer on your house, and close in 2 days…you can. You can even stay in the house rent free for as long as you need to stay.
Selling With An Agent
There can often be all kinds of expenses associated with listing the house with an agent. First, you will need to clean your house from top to bottom and get the landscaping looking good. First appearances are very important. Many people choose to make repairs and upgrades to the house before listing a house as to make the property competitive with other houses in the neighborhood. Properties that need a lot of work will sometimes get passed by on the MLS. By the time you hire an agent, there can possibly be administrative and listing costs. There are advertising and photography as well as the costs of keeping up the maintenance and clean-up especially before each showing. Once the house is under contract, you will be faced with agent commissions, extra negotiated repairs which will cost money, closing costs and more. Your final sale price might be higher with a listing; however, once you run all of the expenses, you might find it isn’t worth the hassle. One of the key differences between listing with an agent and selling to a professional house buyer, is that you will know right away when you sign our offer how much money you will receive at closing.
The time it will take to sell is completely unknown when selling a house with an agent. In a seller’s market, it might take 6 to 8 weeks from start to finish or maybe 12 to 16 weeks if the 1st sale fails. This is one thing that makes selling with an agent stressful. It could take months for your house to sell. Just because you see a neighboring house sell quickly, don’t mean yours will necessarily. There are no time guarantees with a traditional MLS listing agreement.
Selling with an agent might take a little more work than you bargained for. You will need to keep the property extra clean throughout the time the house is active on the MLS for showings then at the end for appraisals and final walk through’s. This is to prepare yourself for surprise showings, listing photos and open houses. Depending on your agent, you might find yourself doing a lot of the advertising yourself. You will also need to clean up for the new owners and make any repairs negotiated after the home inspection. Then if the buyer is using a VA or FHA loan, the appraiser might require certain repairs to be made on top of what the home inspector found. And, if the 1st buyer fails because there is a loan problem at the end or they just change their mind, the process starts all over.
Do you want to sell your house in Salt Lake City? If so, find out what the team at Gary Buys Houses can do for you! Send us a message or give us a call today! (801) 382-9199