Do you feel stuck with a property you no longer want in Memphis? Learn how to sell your house without any costs in our latest post!
When you own a house you don’t want, the last thing you want to do is spend more money attempting to sell it. Below, we will outline the costs you can expect with a traditional listing and what you can do to avoid them.
Costs Of An Average Listing
Many homeowners aren’t aware of all of the costs they will incur when listing their house with a Memphis real estate agent. You don’t just call an agent, take a few pictures, and wait for the offers to roll in. A successful listing of your house in Memphis will likely take a good amount of time and money.
No matter how great of condition your house is in, there are bound to be some repairs needed to get the house ready for the MLS. Whether you are patching holes, touching up paint, or fixing a leaky faucet, all of these small fixes can add up fast. And if your house needs more than just a few small repairs, the amount you spend fixing it up may not be worth it.
Marketing a house costs money. While a real estate agent in Memphis will get your house on the MLS, they may not advertise on other sites or invest in premium listings for your property. As the seller, you may find that you end up paying these costs along with the costs of professional photography, staging, and a professional cleaning to ensure the house is photo-ready. If you list with an agent, make sure you understand what is included in their services.
Owning a house can be expensive. When you factor in the utility bills, property taxes, insurance costs, maintenance, miscellaneous repairs, and landscaping, just owning the home is costing you money… and that’s not including the mortgage if you have one. Selling your house quickly will save you thousands compared to selling your house months down the road.
If you choose to hire an agent in Memphis, you’ll need to know about any costs you can expect for their services. A standard commission will be somewhere around 6%. You’ll want someone who is full service so you don’t find yourself on the hook for things like administrative fees.
Once you total up all of these expenses, you may find that a fast, fair, and direct sale of your house to Restoration Properties, is the best way for you to sell. Get an offer and run the numbers for yourself, there is never any obligation!
Ways To Avoid Selling Costs
Sell Your House Directly
The easiest way to sell your house without any cost in Memphis, is by selling it directly to Restoration Properties. We will offer you a fair price, free of the costs, hassles, and wasted time of a traditional listing. You won’t have to spend a dime on any of the things listed above.
List Your House “As-Is”
Instead of spending the money to fix up your property for the MLS, you can choose to list it as-is. Keep in mind that it may take longer to find a buyer this way as most buyers on the MLS are looking for turnkey houses that they can move into right away. If your house needs some work, you may have better luck selling it directly.
Offer A Credit
If you would still like to list your house with a Memphis real estate agent, but don’t want to spend any money upfront fixing it up, you can always offer your buyers a credit to do repair work on their own. Keep in mind, this might make finding a buyer a bit more time-consuming.