Are you thinking about selling your home in Maple Leaf? 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 Maple Leaf 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 Maple Leaf,Toronto Based Apartment Building ?
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.
Property Development - What's an Entitlement and Why Do I Need it to Build?
Selling a house is difficult, but what's more difficult is selling a house that's far away like another state. The reason this situation happens is sometimes an unexpected thing occurs like you have to move out of state because of a new job or maybe you inherit the property from a love one that lives far away. If this ever happens and you decide to sell this far away property there are some things you should know. One thing you should know if your selling a house out of state is how much a property of that size and kind sells for in that area.
A property in one state may be price way more or way less than an exact property in a next. The recommended thing to do is get an estimate of market value from more than one real estate agent. This is a good way to see how much the house will go for. Another thing you should know if you're selling a house out of state is what repairs need to be done to the property. The best way to do this is take some time to travel and see the property. When you do this take some time to write down what needs to be replaced. If you can't travel get a friend or a family member you trust to do this for you.
One last thing you should know if you're selling a house out of state is the housing market in the area. If it is a slow market it is wise to get someone to look after the house until it sells. This person or company can make sure everything is good with the house from the outside, like is the junk mail picked up, is the grass cut, and if it is a place that gets cold is the snow cleaned up from the property's sidewalk. Selling a house out of state is not an easy thing to do, but if you use the information you read here it will make the process easier.