What Are Your Options When Selling Your House?
Are you getting ready to sell your house in Ohio? If so, you may be exploring different options that work best for you. The main option is to hire a realtor to manage the marketing and sale of your property. If you super motivated and have a little business savvy, you may consider doing a For Sale by Owner. This puts you more in control of the sale.
There is also a third main option for selling your house. You can bypass the real estate market altogether and sell your house fast to a local home buyer. Rather than spending thousands of dollars in repairs, realtor commissions, and closing costs, you can sell your house as-is and close in as little as seven days. Let’s go in-depth and compare the three main ways you can sell your house today.
Option 1: Hire a Realtor
Average Time to Sell: 60 to 90 Days
If you are like most homeowners, your initial thought is to call a local real estate agent to manage the sale of your house. A realtor can list your house, manage the sale, and help you land a deal with a buyer. Also, they may be able to help you negotiate the asking price. However, there are some drawbacks to hiring a realtor.
- Realtor fees and commissions
- Closing costs
- Inspection and appraisal fees
- Renovations and repairs to your property
- Multiple showings over several weeks
- Lots of marketing and promotion
In a traditional sale, you are responsible for making sure that the house passes inspection and can compete in the market. This means shelling out thousands of dollars in repairs and upgrades. You will also spend a considerable amount of cash on preparing the house to show. The more improvements you make in the house, the longer it takes to sell it.
For instance, it can take up to 12 months just to renovate the house. It may take another 45 days for the buyer to get mortgage approval and 40 days to close on the sale. If you are in a situation where you need to sell your house fast, you may not have that kind of time to unload the property.
Option 2: For Sale by Owner
Average Time to Sell: 6 to 12 Months
If you don’t want six percent of your profits going to a realtor, you may want to consider a For Sale by Owner (FSBO). This option gives you full control of the sale. You determine when you want to list the house, how you want to market it, and how much you want to ask. Simply put a for sale sign in the front yard and wait for interested buyers. If you are motivated and have negotiating powers, then an FSBO may be a better option than hiring a realtor.
However, you need to be prepared for all the time, money, and effort you will invest in selling your home. Most homeowners who go the FSBO route have an unlimited amount of each and are in no hurry to sell the property. Even if you don’t pay commission for your realtor, you may end up paying the commissions on the buyer’s realtor. Also, you will also be responsible for the following items:
- You determine the fair market value of your property.
- You find, hire, and pay for a licensed appraiser.
- You pay for renovations and repairs.
- You prepare and show your house multiple times.
- You are responsible for all your marketing.
As a seller, you must be assertive enough to negotiate your asking price and not let a buyer take advantage of you. You’ll also quickly discover how complicated the closing process is when you are doing it on your own. In the end, you may decide that you don’t have the time, energy, or resources to pull off an FSBO.
Option 3: Sell Your House for Cash
Average Time to Sell: 20 to 40 Days
A third option that may work for you is to sell your house fast for cash to a local home buyer in Ohio. The process is simple. You meet with the investor, who performs a quick walkthrough of the property. If they like what they see, they make an offer – usually within 24 to 48 hours. If you accept the offer, you close on the sale in as little as seven days. A home buyer can work with you regardless of your situation:
|Bankruptcy||Damaged Property||Distressed Property||Selling Rental Property|
|Probate||Downsizing||Ugly House||Late Mortgage Payments|
There are other benefits to working with a local home buyer, such as
- There are zero closing costs and zero realtor fees.
- You do not have to list your house or show it multiple times.
- You can sell your house as-is – not renovations or repairs.
- You receive a fair cash offer within 24 hours at just under the market value.
If you need to sell our house fast, selling it for cash eliminates needless steps and hassles associated with an FSBO or traditional sale. This is especially valuable if you are going through situations such as a divorce, new job, or foreclosure where you need to get out from underneath the property quickly.
How Do I Sell My House for Cash?
You may be wondering, “How do I sell my house fast?” We make it easy to get out from underneath your property in just three steps:
Step 1: Call Our Local House Investors
Call us today and schedule a quick walkthrough with one of our house buyers. We can assess your property to decide if we would like to move forward with a purchase. If so, we will make an offer within 24 to 48 hours. Do not worry about preparing or cleaning your property. We buy houses as-is.
Step 2: We Will Make a Fair Cash Offer
If we like what we see, we will make a cash offer on your house at just below its current market value. We will not try to buy your house at a rock-bottom price. Instead, our local house investors try to create a solution where everyone benefits. As local buyers, we understand the real value of your property in Ohio.
Step 3: We Pay You Cash
If you accept our offer, then you can schedule a close date that is convenient for you. In most cases, we can close in as little as seven days and have cash in your hand in only a few weeks. We pay all closing costs. You pay nothing. Simply walk away from your property with no strings attached.
Sell My House Fast in Ohio
Before you contact the realtor or list your house on the market, do not pass up the chance to sell your house as-is for cash. Home Buyers Ohio is here to help you find the simplest solutions to get cash-in-hand quickly without wasting time and money on repairs and closing costs. To schedule a quick, no-obligation walkthrough with one of our local house buyers, call 440.490.4600.