Why You Should Compare Options When Selling Your Cleveland, OH House
If you are getting ready to sell your house in Cleveland, OH, you’re probably considering a traditional sale where you hire a realtor and list the house on the market. While this is the most common way of selling property, it’s not the only option. If you are in a situation where you need to sell your house fast, a traditional sale may delay your efforts.
When selling a property in Ohio, there are several things to consider, such as your timeline, selling expenses, legal issues, realtor commissions, closing costs, repairs, and the current real estate market. So, if you are looking for an alternative to a traditional sale, you may want to explore other options for selling your house. Below, we look at why you should compare options when selling your home in Cleveland, OH.
6 Factors to Consider When Selling Your House
1. Your Timeline
Time is always an issue when selling a house. Most people sell a home because of a time-sensitive situation - a new job, military, divorce, foreclosure, bankruptcy, probate, etc. Regardless of your reason for selling your house, you need to consider how much time you have to find a buyer and land the deal.
2. Repairs and Upgrades
Your house may need to undergo extensive repairs or upgrades before you list it on the market. If your house fails to pass inspection, you will not be able to find a buyer until you make the necessary repairs. Upgrades can cost thousands of dollars that you may not have upfront. Plus, the time and money you spend on repairs may not be worth the effort.
3. Realtor Commissions
Most homeowners are unaware of how much realtors make. On average, realtors make six percent commission on every house they sell. It may not seem like a lot of money until you do the math. For instance, the realtor commission on a house that sells for $200,000 is $12,000. The commission is take off the top of the selling price, which means you lose $12,000 in profits.
4. The Market
The real estate market can significantly impact if, when, and how you sell your house. In a weak market, it can take months to find a buyer and close a sale. Even if the market is strong, multiple variables determine whether you sell your house for the listing price.
5. Your Situation
Your situation may be the biggest factor in determining whether you sell your property. If you face a legal situation such as probate, bankruptcy, or foreclosure, you may be unable to sell your house the traditional way. Instead, you may need to find a buyer who can buy your house as-is so that you can get out of your property or mortgage right away.
6. Closing Costs
Closing costs can accumulate quickly, taking a large portion of your profits. To sell your house, you may have to agree to pay most or all of the closing costs before the buyer agrees to buy the house. Costs may include an appraisal, inspection, title search, survey, loan payoff fees, attorney fees, transfer taxes, recording fees, or any outstanding taxes owed on the property.
What Are My Options When Selling a House?
Once you decide to sell your house, you have three main options.
1. Hire a Realtor
The route that most people take to sell a house is to hire a realtor and list the house on the market. While it is the most popular choice, it may not be the best option for your situation. A traditional sale typically takes 60 to 90 days. You may need to sell your house right away and cannot wait that long.
2. For Sale by Owner
If you are a motivated seller and have a little bit of business savvy, you may choose a For Sale by Owner (FSBO). You don’t have to pay realtor commissions. However, you assume all responsibilities, which can be time-consuming. Plus, you still pay for all repairs and closing costs. You may not have the time or resources to market and show your house on your own.
3. Sell Your House for Cash
A third option is to sell your house as-is for cash to a company that buys houses in Cleveland, Ohio. When you work directly with a professional buyer, you eliminate all of the responsibilities and costs of a traditional sale. You pay for no repairs, realtor commissions, or closing costs. Plus, you sell your house when you want.
Sell Your House As-Is in 3 Easy Steps
You may be wondering, “How do I sell my house fast in Ohio?” We make it easy to get out from underneath your property in just three steps:
Step 1: Contact Us
Call us today or fill out the form, and we will call you to discuss your home. We will schedule a quick walkthrough to assess your property. If our services meet your needs, we will make you a CASH offer within 24 to 48 hours. Do not worry about repairs or cleaning your property. We buy houses in as-is.
Step 2: Receive your Cash Offer
After a quick viewing of your house, we will make a cash offer. Our offers come in at just under the current market value of your property. There is no obligation to sell your house. You have nothing to lose and a more convenient sale of your house to gain. See how much cash you can get for your house!
Step 3: We Pay You Cash
If you accept our offer, we schedule a close date that is convenient for you. In most cases, we can close in as little as seven days. No repairs or cleaning is necessary – simply walk away from your property with cash in hand.
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. We buy houses for cash in Ohio. Call 440-490-4600 today to get a fast cash offer.