So you find yourself ready to sell and while you don’t want to pay all of the commissions and fees that come along with a traditional real estate agent, you also dread all that is involved with listing the property as for sale by owner. At Restoration Properties, we’ll take the time to listen to all of your questions about the process and the potential savings involved with a direct sale, get started today by calling (901) 245-6010.
Besides avoiding all of the headaches of listing your home on the market, as a seller, you can save yourself money in the following ways by making a direct sale of your Memphis property.
No Repairs or Renovations
Inspections and appraisals are an integral part of the traditional home selling process, leading many to put thousands of dollars into a home that they’re ready to walk away from. In order to pass inspections, it’s possible that you could end up facing overwhelming repair bills for an issue you weren’t aware of previously. Real estate professionals know that many buyers won’t be able to realize the potential you may feel your property possesses because they can’t see past anything that is outdated. These upgrades can be anything from aging cabinetry to apparent wear and tear in flooring, woodwork, and even the paint on the interior and exterior of the home.
Pack and Go
Cleaning? Sell direct and forget it! Experienced real estate agents know that most buyers don’t have the vision to see beyond your clutter or any apparent decorative flaws. They’ll advise that nearly every surface be free of objects. Most especially photographs or items that are of a more personal nature. Today’s real estate professional will likely advise that you store your own belongings and spend further on staging the home, both for advertising publications and showings. In addition, you’ll need to keep up the exterior curb appeal for these reasons. This allows the buyer to more easily visualize themselves living in the home. You can save all the costs involved in a deep clean of your Memphis home when you sell directly. In many cases, you can just leave behind any items you’d rather not take along to your new residence.
Forget Closing Costs
You’ll save money when you sell directly in Memphis by eliminating most of the normal fees associated with traditional closings. You’ll also forego the fees normally associated with the required reports from appraisals and inspections in most cases. Especially on newer or more recently renovated properties.
No Marketing Expenses
Whether you are working with a real estate agent or selling your home on your own, any marketing expenses will be passed on to you. Naturally, the more you spend, the better your advertising vehicle and reach to the public. As a part of the marketing plan, you’ll need to have your home picture perfect.
Monthly Costs Eliminated
The monthly costs of homeownership can add a lot of pressure, especially if you’ve already had to relocate for work or personal reasons. These costs can run into the thousands, including taxes, mortgage, insurance, utilities, and maintenance. If your home is aging, repair bills are usually depleting your funds on a more regular basis and can be extremely expensive. The financial burden and personal stress can add up quickly. By choosing a direct sale, you could quite literally save yourself thousands!
Just pack what you want to keep and sell your Memphis property directly. You can leave the monthly payments behind sooner than you think. Call Restoration Properties today at (901) 245-6010 or send us a message to learn just how quickly we can help you start saving money!