Are you tired of owning a property that you don’t want or can’t afford? Putting it on the MLS can be expensive and take up more time than you care to spend. In our latest post, we can help you learn how to sell a house in Hampton Roads without sinking any money into it in less time than you may think!
When most people go to sell a house, the first thing they do is search the internet or ask a friend to recommend a good agent. While some agents are great and worth their weight in gold, this isn’t always the best way for a homeowner to sell. For some homeowners who need to sell a house in Hampton Roads, selling as-is or a direct sale to a local home buyer can be the best way to go.
Before you decide how to sell, get the facts, and determine the selling method that will make the most sense for you. After factoring in time, money, and energy, your ideal selling method may be different than you had thought. First, let’s take a look at what listing your house in Hampton Roads could cost you…
What Will Listing My Hampton Roads House Cost?
Listing a house in Hampton Roads can come with a lot of costs that people aren’t always aware of. A few of these costs include…
- Costs to make repairs both before and after the inspection process
- Expenses to clean and stage the home for property showings and open houses
- Marketing expenses not included with your listing (virtual tours, professional photography, etc.)
- Holding while the house is on the market and through the escrow process
- Closing costs which can amount to 1-3% of your final sale price
- Agent commissions which are typically around 6% of your final sale price
According to NerdWallet, you should plan on spending at least 10% of the final sale price on the costs of listing your home. So if your house ends up selling for $250,000, that is $25,000 out the door. That said, your costs can be higher or lower depending on the property and situation. It is essential for home sellers to understand these costs, so they know exactly what to expect when selling a house in Hampton Roads.
How To Sell Your House Without Spending Money
There are a couple of ways to sell your house in Hampton Roads without spending any money. You can either list your house as-is on the MLS or work with a direct buyer to purchase your property outright without the help of an agent. For some homeowners in Hampton Roads, one of these alternative options can prove to be a better way to sell your house.
Listing Your Hampton Roads House As-Is
Some owners choose to list their houses as-is, which will make things less expensive for the sellers. While listing your house as-is in Hampton Roads will save you money on cleaning, repairs, and upgrades, you will still have to factor in commissions, holding expenses, and closing costs. All of these bills can add up to thousands of dollars, and that is without any promise of a return. Also, your house won’t get the same level of attention and appeal to as many buyers when listing your house as-is in Hampton Roads. Your property will need to photograph well and not come with a long list of needed repairs.
A Direct Sale To SellyourhouseVA.com
Selling your house directly to SellyourhouseVA.com will help you to avoid all of the listing costs, including repairs, marketing, holding costs, commissions, closing costs, and more. You don’t need to worry about spending any money at any time during the sales process. You will be able to get the offer without worrying about any deductions or hidden fees. Although our prices are not retail prices, the amount you can save may make up for the difference, which does not mean that you will always save.
Why Sell As-Is?
So why would somebody want to sell as-is in the first place? Wouldn’t fixing up the property add value, thus creating higher returns? In a perfect world, yes. However, when listing your house in Hampton Roads, you won’t have any guarantee that your repair costs will translate to a higher sales price. Fixing up your home can be a gamble. While it can add value in some cases, sinking money into a house you would rather sell can prove to be a poor use of your funds. By selling as-is, the buyer assumes the risk and you will be able to put your money into your new property, not the one you want to get rid of.
Are you ready to sell your house in Hampton Roads? Before you hire an agent in Hampton Roads, find out what we can do for you! You don’t have to list your house in order to sell it!