For many homeowners, the hardest part when it comes to selling a house fast is usually determining your sale options and making a choice. And to make it worse, this is not made any easier by the fact that it’s the very first thing you’ll need to do when selling your house. With so many home sale options available, it’s often quite hard for homeowners to make a definitive choice on which sale method is best for them. Should you hire a real estate agent, or should you list “FSBO”? Should you put your house up for auction or should you sell it directly to a cash home buyer? These are only some of the many options that you’ll have to decide from when selling your house fast in Richfield MN.
However, while there are many options to choose from, your decision could become a whole lot easier to make if you knew the right factors to consider. These factors include:
1. How long you’re willing to take to sell your house
2. How much you’re willing to spend to sell your house
3. How much you’re asking for when selling your house
In this blog, we are going to help you determine which home sale option is best for you by outlining some of the factors you’ll need to consider and how they’ll mould your final decision.
How to Choose the Right Option When Selling Your House in Richfield MN
Discover what factors you can consider and how they’ll affect your decision when determining how to sell your house.
Factor #1: What Is Your Timeline?
The first factor to consider is: how long are you willing to wait in order to sell your house? Most people think that selling their home the traditional way, by listing with a real estate agent, can get them offers overnight. However, the truth about this method of selling is that it usually takes 55-70 days at best, and 3 to 9 months when the market is down. So if you have a lot of time on your hands and aren’t in a hurry, working with an agent could be a good option for you.
However, often homeowners don’t want to wait that long. Usually, people sell because they need to move or are facing pressing deadlines that require them to get cash in hand fast. In these cases, having to wait 3-6 months is typically not a feasible option. If you’d rather sell your house faster, you should consider other options such as selling your house directly to a home buying company or selling via auction.
Factor #2: How Much Do You Want To Spend?
Most people may be surprised by this question. They usually think that all you’ll need when selling your house is the property itself. However, if you choose to hire a real estate agent, this certainly won’t be the case because selling traditionally has many expenses. With an agent, there are two times that you’ll have to spend money: When you’re renovating and repairing your property before you sell; and when you pay your agents commission, as well as the closing costs after you sell. Both of these can cost THOUSANDS of dollars.
Not all homeowners are comfortable with spending all of that money, in order to sell their house. But when you sell with an agent, you’ll also spend a large chunk of your valuable time as well. If you’re a homeowner who would prefer to keep more in your pocket, you have another option: you can sell your house directly to a home buying company like us here at FastPath Home Buyers. We buy houses as-is and take care of all costs (No Fees, No Commissions).
Factor #3: Selling Price
Some homeowners believe that the open market price they’ll get for their house will be high, so they’re willing to wait and gamble with an agent for a potentially higher price. However, the nature of reality is that when a buyer is eventually found, they MIGHT offer more, the same, or less than the asking price.
But not all homeowners like the “unknown” of this gamble. They don’t want to wait months in the hopes that someone will offer what they’re asking. They subscribe to the saying, “a bird in the hand is worth two in the bush”, meaning that they’d rather work with a home buyer – even one who might offer slightly less than a market price – in order to find out EXACTLY how much they can get for their house at that very instant.
If you’re a homeowner and you’re wondering which home sale option to choose, it really comes down to these 3 factors. They will determine whether you’re willing to list or to sell right now.
Are you looking for a quick and easy way to sell your house in Richfield MN? If so, consider selling to us here at FastPath Home Buyers. Searching for a home buyer can sometimes be a daring endeavour. On the open market with a good agent, it will typically take you 3-6 months to find a buyer. And even after you find one, your deal could still Fall through. Here at FastPath, We Buy Houses for Cash in Richfield and its surrounding areas. With us, you won’t have to worry about uncertain timelines or deals falling through. We can guarantee you a Fair All Cash Offer, no matter your situation: foreclosure, divorce, the loss of a loved one, job loss… Whatever it is, we’ve got your back.
With FastPath, you also get to sell your house ” as-is” ( no cleaning, no repairs) and can close in as little as 7 days. Contact us now, by calling (612) 351-2384 to get an all-cash offer today!