Are you getting ready to sell a Cincinnati or Northern Kentucky house? Before you list it on the market, make sure you research all of the different ways it could be sold. In our latest blog post, we work through different options on how to sell your house in Cincinnati or NKY. Read below and choose what works best for your situation!
When it comes time to sell your home in Cincinnati or NKY, there are generally two directions for selling. The first would be selling your house directly to a buyer. The second would be hiring an agent to handle things for you. Each solution is viable and comes with its pros and cons. It all depends on your situation and what may work best for you. Think about what each method will mean for you before selling your house in Cincinnati or NKY!
Selling Your House Directly:
Get An Offer
Each home buyer has their own methods. With a direct sale to a cash buying company like ours at We Buy NKY Houses, the process is straightforward and fast. Call us up. Then, tell us about the property you wish to sell. We will come out and look at its condition and then make an offer. It is up to you whether or not you want to accept the offer. We never twist anyone’s arm, and we are upfront and honest about how got to our offer number.
Sell Your House
If you accept the offer, we are able to close in only a couple days. We pay for the closing costs and take care of the repairs and cleaning. Many sellers get worried about all of the updates they need to make to their home, but you don’t have to make any when you sell your house directly. Our goal is to make it painless and put cash in your pocket. We leave the sale date up to you. This will let you prepare and plan ahead, which you aren’t able to do as easily with a traditional listing.
Selling With An Agent:
Price It To Sell
The other option is to sell your house with an agent. Often times, agents will give you the wrong price when trying to earn the listing. They will price the home too high, but this causes a negative affect when selling your Cincinnati house. Having to repeatedly lower your price doesn’t look good to potential buyers. The pricing history is public knowledge, so if it is dropped many times, buyers can begin to think there is something wrong with the house.
Don’t waste your time pricing it too high. You might think it is worth a shot, but when in reality it doesn’t paint a good picture to buyers. Make sure your agent shows you the other homes that are active and pending as well as recent sales. You want to know what other homes are your competition, so that you can price the home competitively.
Find An Agent You Can Trust
It can be difficult finding an agent you trust and like. Keep in mind, when you sign a listing agreement with an agent, you are bound to them for a set amount of time. Typically anywhere from 3-6 months. During this time, no matter how the house sells, they will be entitled to their commission. Interview multiple agents before making your decision and be sure to speak to some past clients to get their opinions on how the agent handled the sale.
Get It Ready For Potential Buyers
Before you list the property, make the needed repairs to get it ready. Fix anything that looks bad cosmetically as well as anything that will come up during a home inspection. By fixing these things ahead of time, you will save your self some grief when a potential buyer looks to inspect and negotiate the price of the home. This is extra work, but in the end, you should be able to get your money back. The additional price you may be able to sell your house for is what you are willing to forego if you sell directly to a cash home buyer.
Market and Prepare To Show The House
Once the house is ready to go, you will need to market and get it ready for showings. Clean the house from top to bottom or have it professionally done for the biggest impact. Put away all personal items and clear away anything that makes the house look cluttered. If you repainted with neutral colors, you might want to add some colorful staging items to make it pop. Make the space inviting and also photo ready. Your agent should be able to help you market and syndicate the listing on popular sites like Zillow, Realtor.com and Trulia.
Find A Buyer
This can be easier said than done. Hopefully, with the right marketing, your house gets seen and there is a lot of interest in the home. It can take many property showings and many months of waiting before you get an offer that you will accept. If you are very patient, waiting can pay off if you receive an offer you like!
Endure The Negotiation Process, If Applicable
Once a buyer has made an offer, they will have an inspection done on the house. Most offers contain a contingency allowing room for negotiation should major repairs be required. If you can’t come to terms, or if the house doesn’t appraise at the price you are asking, the whole thing could fall through and you could find yourself back at square one.
Wait For The Closing
Once you have a buyer and have made it through the inspection process, you then have to make any repairs/updates that you agreed upon and wait for the buyer’s loan to be approved. This can easily take another 30 days or so, and in the meantime, you are still responsible for all associated costs with the house.
Worth the Wait?
As you can see, selling your house directly is a much simpler process! Find out if it is right for you before signing a listing agreement!