Are you considering selling your house? Wait a minute! Don’t call the real estate agent just yet. The traditional real estate market isn’t a perfect fit for every property–or seller, for that matter. The industry standards for listing your home have changed nowadays. Staging properties and high-quality digital imagery highlight every detail of your home, and if it doesn’t look like-new, the MLS may not be a perfect fit. Typically, homes in less than optimum condition linger on this market, garnering insultingly low offers, as the majority of buyers here are looking for a property they can decorate and start enjoying right away.
It often becomes more and more challenging to handle the day-to-day maintenance, with repair bills beginning to add up as the owners and the property age. Financial difficulty can also put a damper on your efforts to maintain your home’s tip-top condition. In many cases, owners aren’t financially able to wait out the listing, marketing, showing, and negotiating the home’s sale. Those who are not concerned about time would prefer to make a slightly higher profit on the property and keep the commissions for themselves.
Read ahead as we explore three unconventional ways to sell your house in Tampa.
Rent-To-Own
If you happen to find yourself in a position to offer a rent-to-own opportunity, you can make a significant profit on the sale of your home; however, it will take a few years to be fully realized. For the trouble of holding onto the property, and providing the opportunity to your buyers, you can sell at an above-market price and charge a higher monthly rent. Typically, these contracts include an extra monthly payment towards the down payment, in addition to the monthly rent. As a result, buyers enjoy the homeownership experience while you increase your profits from the sale.
On the flip side, if your buyers discover problems with the property, even if you were unaware of them, you’ll have to fix it or disclose it to the subsequent buyers. Additionally, you’ll be setting the price for the home based on an estimate about the future market. You may also end up selling for more than would be possible at the time, the market could have a sudden burst, and you could lose thousands in potential profit by locking in the sale price now.
FSBO
Another less conventional way to sell your house in Tampa is to prep, list, and market the property yourself, which means saving the commissions for yourself. Unfortunately, only about 11 percent of those homeowners who select the sales method will succeed. If you were to choose this route, you must understand that a real estate agent’s primary role is to market your home. To compete against other listings, you will need the same amount of prep work, high-quality digital photography, and online exposure in order to yield the same results. Additionally, these sellers typically value their home using less conventional means, and when the price is not right, the sale just does not happen. Overpriced homes sit on the market because the tech-savvy buyers of today are fully aware of how much house they can buy for the amount you’re asking. Underpriced homes sit because buyers are left to wonder what is wrong with the property that isn’t disclosed in the listing. It is essential that you fully understand the laws regarding disclosure and the serious consequences of neglecting this aspect of home sales.
Direct Sale
Likely the most unfamiliar of these nontraditional methods of selling your house in Tampa is the direct sale of a home. For homes that don’t fit the conventional method, or owners who are in a hurry, a direct sale is a solution that saves time and money. In this method, waiting for buyers, cleanings, showings, and marketing expenses all go out the window. You can bypass the drawn-out listing process and pocket all the money you would have spent prepping the property. In addition, you can forget all about the hassles and expenses of repairs when you work with a direct buyer, since the home will be selling in as-is condition. This means that direct buyers take the risk off your shoulders should any problems be discovered after the sale. The flexibility of setting the closing date around your schedule is another great benefit; we can close in as little as seven days, or hold off until you’re ready. If you’re considering an unconventional way to sell your house in Tampa, why not talk to an expert at You Pay Zero Tampa first. Our direct buyers at You Pay Zero Tampa will detail each process step by step, taking the time to listen to any of your concerns, so you can decide what is best for you. Contact You Pay Zero Tampa today at (813) 686-5404.