How To Sell Your House, The Top Three Methods

The home sale process may seem overwhelming, but the one of the largest decisions who you want to work with generally fall into three answer choices. When deciding with whom you want to work with when selling your home, the top three ways is to contact a real estate agent, contact a real estate investor, or do it yourself as For Sale By Owner.

Using a real estate agent or Realtor

A real estate agent is a person who helps market your home and communicates with buyers, attorneys, title agents, etc. surrounding the sale in order to make the whole transaction go smoothly. A Realtor is a real estate agent who is a member of the National Association of Realtors, a professional real estate organization who has their own best practices and ethics within the real estate industry.

The commission rate can vary from 5-10% of the entire sale of the home. In exchange for this commission payment the agent will oversee showings, help with staging and getting the house ready, and act as a go-between with you and the buyer, plus offer all of their years of experience during the sales process. If you have a home that is in good condition and you are not in a rush to sell your house then paying the commission fee of a real estate agent might be the right choice for you. On the downside, if you are using an agent you will have to pay the commission fee plus leaving the sale of your most important asset in the hands of a total stranger.

For Sale by Owner

Doing the sale as FSBO (For Sale by Owner), is for people who do not mind the hard work it takes to complete the sale and who are eager to save on the commission fees of using a real estate agent.

The commission fee for an agent can be in the thousands, or tens of thousands, of dollars, so an experienced seller will often try to sell the house themselves. If you are selling a house by owner you are in luck because the process has never been easier then it is right now. If you sell the FSBO route you have to understand that this is a more challenging way to do things and your house might stay on the market for longer then it would have otherwise. Doing things this way can save you a lot of money but it also requires a lot more time and energy on your part.

Using a Real Estate Investor

This is by far the fastest way to sell your house because you are in direct contact with the person and they are usually very experienced with the process of buying and selling a home. If you are trying to avoid foreclosure, have a house that is more of a burden then anything else, or someone that is in need of some quick cash, then an investor might be the right one for you to sell your house too. These types of homes are usually distressed or damaged in some way that a traditional sale would be difficult so the investor stands a chance of making some sort of profit in the resale, or renting of the house. With investors buying and selling homes is their job so they already have all of the finances and other requirements in order for a house to close within weeks. This is a great thing for people that are facing foreclosure, or who have a home that is heavily damaged, or if they need to get some money quickly.

In summary, as with most decisions, who you decide to go with to help you with the sale of your house is dependent on your specific situation and goals.

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