Are you thinking about selling your home in Eringate-Centennial-West Deane? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages of selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision find the most important pros and cons below.
The most important PRO for selling your home yourself in Eringate-Centennial-West Deane is MONEY. Selling your home without the help of an agent means more Money in your pocket! By selling it yourself you save the commissions and fees. – We are not talking about pennys, we are talking about THOUSANDS of dollars which you would have to pay an agent. Another advantage is that you are able to decide the times for open houses and showings. It is also completely up to you where and when you want to advertise. Unlike a real estate agent who is selling many houses, you can focus on YOUR house, because you are only selling your own house. It is obvious that you will have more interest in the sale than an agent.
How to Find the Best Eringate-Centennial-West Deane,Toronto Based Apartment Vs Condo ?
I'm sure you've seen these advertisements on bandit signs by the highway, or in the real estate section of the newspaper. Perhaps you've wondered if they are realistic - or are they just a scam?
Well, the truth is that the better ones are genuine. They are placed by private investors who have immediate access to funds and can afford to close on your property quickly. They will often cover the closing costs, and will certainly arrange all of the paperwork. Sounds too good to be true? Well, it isn't, but there is a snag - I bet you guessed that!
If someone is prepared to buy your house, for all cash, and close in 7 days, they are not going to pay retail market value. That's a fact - they can't afford to. These people are not philanthropists - they do this to make a profit (although the reputable ones also like to think they are helping people in distress). So, somewhere below the retail market value is what you can expect to see on their offer. How much below market value? It depends on the condition of the property, its location, and a number of other factors, but it could be around 70% of the retail price.
Of course, you can try to sell the property yourself, saving the cost of an agent, but market statistics show that over 80% of FSBOs (For Sale By Owner) end up using an agent anyway, and those that do sell the house themselves, achieve a lower price than the agent would have done. This is partly because the buyers know that the seller is saving agency commissions and discount that from the offer price.
When a private investor talks about buying your house in 7 days, this is just one of the ways in which they can do it. But as you can see, although at first glance the offer may not seem to be very generous, once you take into account the variables we have discussed, it can start to look like a good deal.
Homes For Sale - Preparing Your House For Sale
Selling a home in today's economy is a pretty difficult proposition. There are tons of homes for sale now so to be able to sell a home it must 'pop'! If the home has walls that need repair because of cracks and paint that is flaking or just generally appear dirty or too outdated, the home will not sell very quickly. With so many homes on the market now the buyer will just move to the next home that is more appealing and looks like it has been kept in good condition and updated. Newly painted walls and ceilings will make a dramatic difference in how well the home will sell.
It is generally accepted in the real estate industry that home renovations that will expedite the sale of the house are updating the bathroom, the kitchen and painting the interior. These are just basic ways that any real estate investor uses to make their property sell quickly. Interior painting is a quick and easy way to increase the resale value of the property. Freshly painted rooms will make the home look well cared for and clean which is something that is very appealing to any buyer. If the home shows sign of wear and tear like holes in the walls, cracked surfaces, stains from water leaking this is the kiss of death for the seller. Today's home buyer is very aware of all the little defects and potential problems with properties. Doing a quick fix kind of paint and repair job will not pass the scrutiny of buyers.
The choice of colors is also a big factor in raising the value of the property. Neutral colors are usually used in homes that are up for sale so that the buyer will feel that their own furnishings will fit well into the home without them having to paint before moving in. White use was once the standby but this is not a good color to use. Softer, more neutral and warm colors will make the buyer feel comfortable, relaxed and cozy. Colors that are dark and trendy are not the best idea because these may not relate to the buyers idea of décor and be a deterrent to them.