Thinking about selling your house soon? If so, there are several things you’ll need to evaluate before you list your property. Knowing when the best time to sell is, whether your property needs any work before you can sell it, and just how much your home is worth are all things you’ll need to understand before you start the process. But those aren’t the only things you should know.
Read on to learn the questions everyone should ask before deciding to sell their house. If you decide you want a no-hassle cash offer on your home, call KM Home Buyers.
Should I Hire an Agent or Sell My House Independently?
How do you want to sell your home? Do you want to hire an agent with lots of expertise who can help you get the most exposure and the best offers? Or do you want to sell on your own and pocket more profit? You’ll need to put some thought into this because the way you choose to sell your home will determine the level of market exposure you have, the kind of offers you get, and ultimately, the time it takes for your property to sell.
What’s My Ideal Timeline for Selling?
Do you need to sell your house fast because you’re facing foreclosure or need to move ASAP? Or can you hang around for a bit? Having some wiggle room in your selling timeline could lead to larger profits, especially if the market isn’t to your advantage at the moment.
If you need to sell your house quickly though, selling on the open market may not be in your best interest. The average time to sell on the open market will vary based on what the market is doing, and closing timetables can vary too.
However, you can expect to wait an average of 30–60 days to close once the closing process is initiated. If you don’t have that kind of time, you may want to consider selling to a cash home buyer (real estate investor) who can close the deal in as little as seven days.
When Is the Best Time to Sell?
Generally speaking, spring and summer are the hottest seasons for homebuying, but depending on the market, it may be feasible to sell your home at any time of year. If you’re looking to maximize your profits, market data says selling in May, June, or July is best. Homes that sell in June and July rack in nearly 10% more than average, and houses that sell in May typically bring in about 7.5% more than they would at other times of the year.
What Is My House Worth?
Do you know what a reasonable asking price might be for your home? If not, it’s time to get a valuation. You can use online tools to get a ballpark estimate of your home’s value, or you can hire an appraiser to perform a professional and highly accurate valuation of your property. Knowing how much your home is worth will help ensure that you list it for an appropriate amount so it generates more interest from prospective home buyers.
How Much Will It Cost to Sell My House?
Have you thought about how much money you’ll need to spend to sell your house? Because if you hire a realtor, you’ll inevitably end up forking over approximately 10%–12% of the sale price in commission fees, closing costs, and transaction fees.
In the Tampa area, where the average home value is currently about $350,000, you’ll pay about $35,000 to $42,000 to sell your home with a realtor. If that’s not something you’re comfortable with, and you’d like to take home more profit, selling FSBO or to a cash home buyer may be a better option.
Do I Want to Declutter and Depersonalize My Home?
When you sell a house with a realtor, you’ll need to do a lot of work to get it ready for showings. Not only will you have to spruce the place up, but you’ll also need to remove personal items that hint at the fact a person or family currently occupies the space. Prospective home buyers want to envision their own lives in the house, not yours, which means you’ll need to depersonalize and declutter to help them do that.
If all that work doesn’t sound like something you want to do, working with a cash home buyer to sell your Tampa house may be your best bet. When you sell to an investor, you don’t have to do any work to get your house ready to sell — a cash buyer will purchase your home exactly as it stands.
What Kind of Condition Is My House Currently In?
Does your roof need a few repairs? Maybe your foundation has a crack or two that needs attention? Or maybe you have some water damage or mold that needs to be addressed?
All of these issues (and several others) can be expensive to fix, and if you want to sell on the open market, you’ll need to take care of any damage to increase your odds of selling. If you don’t want to pay for extensive repairs or don’t have the funds necessary to get the job done, your house could take a long time to sell, if it sells at all.
If your home needs work, you can still sell it to a cash home buyer, and you won’t have to handle the necessary repairs before you can sell. Keep in mind, however, that any required repairs will naturally reduce the fair market value of your home since the buyer must pay for those repairs after the purchase is complete.
Want to Sell Your House Fast? We Buy Houses for Cash
If you own a home in the Tampa metro area, and you want to sell your house fast, get in touch with our team at KM Home Buyers right away. We pay cash for houses throughout the Tampa Bay area, and we buy houses in any condition, no matter what they look like or how much work they need.
Ready to get an offer? To learn more about how we can help you close on your home in as little as seven days, give us a call today at [phone] or request a no-obligation offer online, and we’ll be in touch promptly with more information.