Once you decide that you wish to sell your house in Jacksonville, there are various selling options available for your consideration. Each option has its pros and cons, but ultimately, it really depends on your situation and individual needs and requirements. In this blog, we will take you through the various paths you can follow when selling your house.
Option 1: Realtors
Selling your house through an estate agent is probably the most traditional way to do it. There are various services they will be able to offer you, however, these services come with a hefty fee.
- Paperwork
Usually, realtors take care of the paperwork so that you don’t have to deal with this.
- Surveys
Real estate agents do not get involved in surveys. This is a process that you will have to take care of. Sometimes though they do recommend surveyors they have worked with in the past.
- Repairs and cleaning
To increase the value of your property on the market when selling through an agent, you’ll have to invest in repairing damages, making updates, and cleaning. The fresher your home looks, the more the chances to sell faster and at a higher price.
- Timeframe
Selling your house through an agent can take a long time. Your house might be on the market for months until you get an offer, and even then, the sale might fall through as the buyer could back out at any point.
- Value of property
Market conditions will affect the value of your property and ultimately the price that it is going to sell for. If for example, you wish to sell your house during a bad time in the real estate market, you will get less than what it’s actually worth and you might have to wait longer too.
- Realtor fees
As mentioned earlier, the services real estate agents provide you with come with a hefty price. Not only do you have to pay for the repair and cleaning fees, but you also have to pay agents their commission, which is a percentage of the sale price. You might be asked to pay additional fees their brokers might charge.
Overall, selling through listing agents is a lengthy process and you will be required to invest a lot of money on home improvements and other extra fees.
Option 2: Auction
Auctions are a good way to sell your house quickly even if the market is slow, however, this also comes with a large fee.
- Showings
When selling your house by auction, one of the benefits is that you don’t have to deal with showings and open houses.
- The sale is not guaranteed
Even though sales are quicker in auctions, it is not guaranteed that you’ll sell your house in a single auction. Attendance might be low and buyers might not be interested in the property.
- Quicker closing compared to selling through an agent
Sales by auction usually close quicker than selling with realtors. It usually takes between 45-60 days from listing to closing.
- Auction Fees
If you decide to sell your house by auction, there is typically a 10% fee for the auctioneer. Because this fee is paid by the buyer, it usually drives the price of the property down.
Selling by auction is quick and relatively easy, however, the 10% fee can significantly lower the price you’d get for your property, and sales are not always guaranteed.
Option 3: Sale by owner
This option is pretty straightforward. If you decide to sell the property yourself, you’ll be in full control of the process. You’ll save a lot of money from the fees and commissions but it can be a real hassle having to deal with everything. You need to have a good understanding of how the legal process works as well as how to advertise your real estate listing.
Being in full control also has its cons, for example, if mistakes are made in the paperwork you will have the sole responsibility and such mistakes can be extremely costly. In terms of timing, if you’re not experienced enough or are not willing to pay a commission to a buyer’s agent, it might take a long time for you to sell and you might miss out on a lot of potential buyers.
Option 4: Short sale
For you to consider a short sale for your property, there are certain conditions that need to be met. You either can’t complete your mortgage payments and are struggling to catch up or due to market conditions, the value of your property is lower than the value of your mortgage. By following a short sale process you can also avoid foreclosure. To make a short sale happen, you need to negotiate with your mortgage provider.
Option 5: Cash buyers
Cash buyers, like Unload My Home, will help you sell your house in Jacksonville for cash quickly and hassle-free.
- No cleaning, no repairs
We’ll buy your house as-is. We don’t care about cleaning and we won’t ask you to make any repairs. We’ll make you a fair offer based on the property.
- Close on your timeline- As fast as 14 days
Selling with us will give you the quickest closing compared to all other options. We can close in just two weeks or you can pick a date that works best for you if you need more time.
- Cash offers
All our offers are cash offers. This means that our offers never fall apart like buyers who use banks. With us, you can feel secure that your house will be sold while you are searching for your new, dream home.
- No showings and open houses
We don’t even have to visit the property to get you an offer. We can make you an offer on the phone once you give us the information we need. However, if you prefer, we can still visit your house to make you an offer.
When selling your house, there are several options for you to consider. Each of these options has its advantages and disadvantages. However, selling through cash buyers like us will help you sell quicker, without the hassle, and with no extra fees. Feel free to call us and we’ll be more than happy to discuss the various options with you!