Looking For Cash Home Buyers In Reston?
We Analyze The 3 Ways To Sell Your House Cash In Reston
If you own a home and are thinking about selling to cash home buyers in Reston, you have a few options to consider. In this post, we will break down and analyze 3 ways to help you determine which options is best for you.
For most, the purchase of a home is the largest purchase of their life. So it is not all too surprising that the process of buying and selling a home can be quite complex and confusing to some.
There are three basic options available for homeowners like you to sell your home to a buyer in in Reston. As you consider the options for selling you home, decide which way is best for you given your goals and timeline.
Home-Selling Method #1: Sell Through A Real Estate Agent
This is standard way most people think to sell an home, so no surprise it is also the most common. In this method, the homeowner chooses a real estate agent who will list the house for a fee.
The agent acts as a “middleman,” helping you prepare the house for sale, scheduling open houses, showing prospective home buyers in Reston through your house until one of those buyers decides to make an offer. Once you have an offer or hopefully multiple offers, the agent will discuss the offers with you, negotiate on your behalf, and then you’ll close.
The timeline on this selling method is usually several months from the signing of the listing agreement to the close of escrow (the average is 3-6 months). Sellers who choose this method gamble on the timeline and do less of the sales work with the hopes of selling at market value. That said, sellers who choose to list with an agent will often spend money up-front to repair their house for sale as well as after the sale on agent fees and commissions. You can expect to pay 8-10 percent in commissions, fees and closing costs on top of any repairs needed.
Home-Selling Method #2: Sell On Your Own – For Sale By Owner (FSBO)
This method of selling has arisen in response to a desire for sellers to save money on agent commissions. The process is very similar to the above method of selling but it’s done by the homeowner themselves, and not by an agent and is even more work on the sellers part.
The homeowner lists their own house, shows it to prospective buyers, negotiates with the buyer, and closes the deal. When selling FSBO, it is important to understand market values, trends and conditions, negotiation strategies, rules and regulations, and have a closing attorney or title company you can trust.
There are a lot of similarities in timeline between selling with an agent and FSBO and the homeowner will still have to pay up-front for repairs on their house to make it sellable. Sellers who choose this method don’t mind the extra work involved in showing their house; they usually choose this method because they believe they can save money on commissions. Many will find out this is not always the case and they’ve gotten more than they’ve bargained for.
Home-Selling Method #3: Sell Direct To a Cash Home Buyer In Reston
This method of selling is gaining popularity as homeowners look for other ways to sell without all of the hassles and commissions. The process of selling direct to a cash home buyer is very different – it’s also faster, easier, and doesn’t cost the homeowner anything (so it’s not surprising that this method is gaining popularity).
Rather than listing and showing the house or negotiating, the homeowner simply sells their house direct to a professional home buyers in Reston with cash and who is ready to buy the house as-is right away.
It’s faster – the buyer has money and is ready to buy; it’s easier on the seller – there is no expense or effort to repair the house before it’s sold; and it doesn’t cost the homeowner anything – professional home buyers (like what we do here at Sell Simpli) usually pay closing costs and fees.