Ditching the conventional property listing approach is becoming a trend in Reston as interest rates rise and the market tightens. With a shift from a seller’s market to a market with less buyers making moves and less sellers willing to trade down in interest rate, more individuals are embracing the idea of permanent long term housing, complete with recreational amenities and a focus on a home-centered lifestyle, thus fueling the current market. Learning how to sell an off market property, commonly referred to as a pocket listing, brings an exclusive allure to potential buyers and may even fetch a higher sales price.
Selling off-market provides a unique level of control over who is privy to your home being on the market and when they can view it. The inherent privacy of off-market listings leads to fewer showings, but the buyers who are aware of such listings tend to be genuinely interested. The off-market strategy often evokes a sense of urgency, creating a “act now or never” atmosphere.
Have we sparked your interested on how to sell an off market property in Reston? Let’s delve into the details.
Commission Considerations
Real estate agents LOVE off-market listings because they can exclusively market the property to selected clients and retain both sides of the negotiated commission. Since other agents in the Reston market may not be aware of the listing, the listing agent can represent both sides of the transaction in many cases. However, there’s an alternative – sell your off-market property directly to a professional buyer like us at Sell Simpli and skip the commission altogether. We don’t charge fees or commissions and will often pay for closing costs as well as work with you to make the sale fast, efficient and hassle free.
Prepping and Repairs
Preparing a home for traditional sale and required showings, open houses, and inspections can be an expensive and time-consuming process. Older homes or those requiring repairs can be particularly challenging, as sellers may need to address issues post-inspection or accept a lower asking price after items are discovered and negotiated. Opting for an off-market sale with a company like Sell Simpli eliminates these concerns, as they purchase homes as-is, taking on all associated risks. The price we offer is the price you get!a
Agent Fees
Beyond commissions, many agents charge additional fees for transaction processing and other expenses, which sellers may not be aware of until closing. By choosing to sell off-market to a professional buyer like Sell Simpli, you can sidestep these agent fees, ensuring a transparent and straightforward transaction.
Time Efficiency
Traditional listings through the MLS expose the property to scrutiny regarding the number of days on the market. Extended periods can raise suspicions among buyers, potentially leading to lower offers. Off-market listings keep the number of days a property has been for sale hidden, contributing to the appeal of this strategy. Sell Simpli streamlines the process further by offering a fast closing, often in just a few days, allowing sellers to choose a timeline that suits their needs.
Navigating the sale of an off-market property in Reston is made easy with Sell Simpli. Our streamlined process ensures a hassle-free experience. Reach out to us with no obligation – Send us a message or call Sell Simpli at 703-544-7516 to explore your options.