Selling your home can be stressful and an emotional experience, especially if you’ve lived in it for some time. But 2021 is a sellers’ market, and if you've been thinking of selling, now is a good time. Today with the internet and social media, you have a variety of methods to choose from to sell your home. Each process has good points and some not so good. Some methods will save you work, and others will save you money. It takes research to discover what is the best method for you. Here are four ways you can sell your house in 2021.
Contact a Licensed Realtor
Selling with a realtor is still the most common method. There are many benefits to working with a licensed realtor. Realtors will do a market analysis of your home and discuss what price point will work best for you. They’ll do the advertising and photography. Studies show that sellers using a realtor typically sell their homes for more than those without. Also, realtors manage the showings, negotiate any offers and help with the paperwork. The best agents will offer suggestions on how to prepare your home for sale.
Using a licensed agent may not be the right method of sale for you. Though there are many advantages to selling with a realtor, the downside, of course, is the cost. Sellers pay the listing agent a percentage of the sale price. They also pay the buyer's agent a commission. Depending on the home's sale price, these fees can run in the tens of thousands of dollars. To decide how to sell your house, you need to know your strengths and weaknesses and do a little research. If you are comfortable doing some of the work yourself, a different selling method may pay off.
Know that if you choose to hire an agent, you are, in essence, hiring an expensive service. Always Interview several agents before signing a listing agreement and make sure you are comfortable with the agent you choose.
Use a Discount Broker
Do an online search for discounted brokers, and you may be able to hire a qualified full-service listing agent at a discounted price. Your agent choices will be limited, but they will handle the advertising, paperwork, and negotiations. The services state they can do this because they get an abundance of leads online. If you contact a discount broker, you will most likely still have to pay the buyer's real estate commission.
For Sale by Owner (FSBO)
Selling a home on your own will save you the real estate commissions, but you will be responsible for arranging everything. You are responsible for presenting to buyers, completing the paperwork, setting the price, negotiating offers, and hiring a title company to complete the closing. Potential buyers will contact you directly to arrange showings and discuss the property. You’ll do your own marketing, photographs, and property descriptions.
In some ways, FSBO is easier today since several internet home sale sites will advertise your property. But if you want your property to be available on the Multiple Listing Service (MLS), the service real estate agents use, you will have to pay for a Flat Fee MLS.
Sell As-Is for Cash
There are circumstances where this can be a sound option. If you need to sell fast and need the cash, you can contact one of these buyers. The downside is, you usually get less than you could by offering your home for sale with a realtor or FSBO.
Negotiate a Private Sale
You can also sell your home to a friend or relative. This will be a version of FSBO. It is best to hire a real estate attorney to handle the paperwork.
Today there are several ways that you can sell your home. The method you choose depends on your personality. If you are a hands-on person who enjoys meeting new people and can handle negotiations, you can go without a licensed real estate agent. Even if you’re more introverted with today's online services, it's easier than ever to sell your own home. Whatever method you choose, 2021 is a seller's market.
Publish Date: September 11, 2021 1:37 AM