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Let’s Analyze The 3 Ways To Sell Your Home In Dallas
If you own a home and are thinking about selling in Dallas, you have a number of options available to you. In this blog post, we’ll look at those 3 ways and break them down to help you determine which way is best for you when looking for buyers.
For most people, buying and owning a home is always the largest financial purchase of their lives. So it’s not surprising that the process of selling a home can seem overwhelming and stressful. The way people shop and sell homes change throughout the years as technology progresses. When you’re looking for buyers to buy your home, here are 3 ways you can sell:
Home-Selling Method #1: Sell Through A Real Estate Agent
The most traditional way to sell your home is through a Realtor and most people are aware of that. But some people consider it and others don’t, so let’s go through the pros and cons.
A real estate agent is a fancy term for “professional house seller”. If you want to hire a professional to represent you and attempt to get the most amount of money possible for you, then hiring a Realtor is the way to go when looking for buyers.
But keep in mind, the agent only acts as a “middleman,” showing prospective home buyers in Dallas through your house until one of those buyers decides to buy. This means that the agent’s job is to just market your home and hope the buyer comes along. If you have time to wait for this, again this is by far your best option.
The timeline for this selling method can take months (the average is 3-6 months) before you’re finally done and can walk away. Sellers who choose this method prefer to gamble on the timeline to do less work (the agent does the work) with the hopes of selling at the top of the market. However, sellers who use this method will often need to spend money up-front to repair their house first, and then spend money after the sale on agent fees and commissions.
If your home is not in tip-top condition and/or you don’t have the time to wait for a buyer to come along, then selling with a real estate agent isn’t the best option for you.
Home-Selling Method #2: Sell On Your Own
If you’re willing to put in the work, you can always cut an agent out and just sell the home on your own, which is commonly known as FSBO or for sale by owner.
There are pros and cons to every decision made so of course there are pros and cons with this one as well. Agents are paid very well for the work they do. The reason they are paid well is because they are very knowledgeable (some of them at least) and they do put in a lot of time and effort to sell your home. Sometimes people think the amount of work they put in doesn’t justify their pay, and that’s fine to think so. That just means that selling on your own is probably the better route for you. Just be prepared to work!
You can list your home on public sites like Zillow or Facebook when looking for buyers to buy your home. Just remember that just because you’re comfortable selling your home without an agent representing you, that doesn’t mean your buyers will be comfortable buying a home unrepresented. So you might have to pay a buyer’s agent.
The timeline for this method isn’t any shorter than selling with an agent. Actually, it usually takes an owner longer to sell their home without an agent than it does with an agent. So if you have any monthly expenses you’re paying, you might take a look at your overall spending to see if you really are saving money by selling your home yourself rather than listing with an agent.
Home-Selling Method #3: Sell Direct To A Local Home Buyer In Dallas
With the market shifting and it taking EVEN longer to sell your home right now, this method is usually the go-to because it’s a lot more convenient and it’s a lot faster when looking for buyers.
Rather than listing and showing the house to buyers or negotiating the price and repairs, you can simply sell your house direct to a professional home buyer (like us) in Dallas with cash and who is ready to buy the house as-is right now.
It’s faster – and we have the money ready to go; it’s easier on the seller – there is no expense or effort to repair the house before it’s sold; and it doesn’t cost the homeowner anything – professional home buyers (like what we do here at North Texas Cash For Homes) usually pay closing costs and fees.
Again, there are pros and cons. We can close as fast as 5 business days (or as slow as you need us to) and we won’t require you to make any repairs to the home. However, we do not pay full retail for the home. So you will need to decide if fast and convenient is better for you or if the slower process with more money is what you desire. Everyone is in a different situation and we understand that! If you’d like to hear what we could offer you, fill out our form or give us a call and we’ll make you a no-obligation offer.