WHAT SHOULD I DO IF I AM FACING FORECLOSURE?
If you are thinking about selling your home in Memphis, then you are probably tossing around the different ways to approach doing so.
Should I hire a realtor?
Should I try to sell on my own?
Well, like with everything, there are advantages and disadvantages to each route.
If you are like most people who are wavering between these two different ways of selling, then you are most likely leaning towards the route to sell on your own. Am I right?
Of course, I am! Ideally selling on your own is the best way to sell for the greatest return.
Unfortunately, there is also going to be a lot of work ahead. But first, let’s talk about the benefits of selling your home by owner.
Cut out realtor costs
Selling your home through a realtor is awesome because they do most of the work for you. However, you are paying them for their efforts and then some! Realtors require that you pay them 4-6 percent of what you sell your home for. This is a HUGE expense and one that you can and should avoid!
Saving on the large realtor fees by selling by owner will give you a large chunk of change to throw into savings or put into your next home purchase.
Stage your home and decide the extent of repairs/renovations
If you are selling with a realtor, they are going to require you to make a lot of repairs and renovations. On top of the high fees they charge, you are going to have to drop a lot of money the repairs and renovations. These repairs are necessary so that your house looks pleasing to a potential buyer's eye.
Often, realtors will expect more than is necessary so you need to be careful of this. Especially because the repairs you make will not increase your home’s value, they will only help with the appeal of the home.
If you sell your home by owner, you will get to present your home how you know it looks best. And when it’s time to show the home, you get full control over when you want strangers to come into your home for open houses and showings. This is nice because you won’t have to keep your home in perfect condition for months on end.
Selling your home on your own is an ideal way of selling. If you are able to find the right interested buyer, then you should be very proud! This is because even with all the benefits of selling by owner, selling your home still doesn’t come easy. It will take a lot of work, and it will take longer than it would if you were selling through a realtor.
If you have the time and patience, then selling on your own is a great route to take. If time is an issue, then you may not want to attempt this route.
So what should you do instead?
Have you ever heard of a cash buyer?
Working with a cash buyer is a quick option of selling your home, and has many of the same benefits of listing your house for sale by owner, and much more!
Memfixerupper the cash buyers
Here at Memfixerupper, we are cash buyers. We purchase any home as is for cash. This means that you don’t need to make any changes to the home. You don’t even have to find a buyer or list your home on the market.
We are the interested buyer, and because we have the cash in our hands already we will purchase your home in a quick seven days. No need to wait for us to get approved by banks. We are our own bank and we want to purchase your home.
Give us a call at 901-437-0154 today, and we can tell you all about how our process works!