Selling your house is one of the biggest and most expensive decisions of your life. Traditional listings with a real estate agent leave you facing an unknown end date and paying for all the charges involved when selling your house now. When making any important decision in life, it’s best to go into the venture with a realistic understanding of just what will be involved. Most especially when the consequences of being ill-informed could leave you severely indebted at a time you may already be stretched to your limits. Discover these 4 ways selling your house now in Overland Park will save you money!
Selling Your House As-Is
Absorbing additional losses when selling your house is the last thing you want or need, especially if the property is older or has serious issues. In traditional listings, you may ultimately be responsible for repairs even if your property is being sold “As-Is.” Listing your home with an agent or by yourself can leave you open to exorbitant surprises after an inspection. Depending on the problem discovered, you could be spending thousands of dollars for labor and repairs. All of these costs are subtracted from the purchase price originally offered. Not only can this be extremely disheartening but it could completely wipe out the plans you’ve made for your future. By working with professional home buyers, you’ll know the offer is one you can depend on being a firm price. By selling to a professional home buyer you can walk away with no additional costs or obligations, another way selling your house now in Overland Park will save you money.
Whether you are considering taking it upon yourself to sell your own home or working with an agent, there is simply no way to avoid the need to market real estate. Depending on the budget outlined, you’ll want to include professional-grade photos and virtual tours, which are all the norm for today’s online buyers. Most real estate agents charge steep commissions in order to cover their expenses for marketing and staging your house. You may also be asked to improve several areas of your home in order to improve the appearance for the listing. This could mean anything from touch up paint to renovations and modernizing the property to suit the needs of your potential buyer. Avoiding all of these costs when selling your house now in Overland Park will save you money.
After finally maneuvering your way through the sale, it’s time to sit down and collect your long-awaited funds at the closing table. The largest of these costs from your sale is in commissions if you work with an agent. Title insurance, which protects the buyer against any problems with your title, is commonly paid by the seller as well. Again, you’ll be facing another outlay for transfer fees, recording fees, and property taxes, which can vary depending on how the contract was written and the day of the month you actually close. Certain fees will be locked in, discounts on some services required for closing the transaction, and transferring the funds can be found by shopping around. Bypassing these charges at closing by selling your house now in Overland Park will also save you money.
No matter your circumstances, continuing to pay monthly costs for your current house can eat away at your savings and cause a great deal of anxiety. If you moved before the sale has closed, you may be facing the monthly bills and maintenance responsibilities of two properties. In traditional listings, contracts often contain contingencies, which means your sale is not guaranteed. Often, inexperienced buyers end up backing out of deals after several weeks have passed, due to lack of qualifying for financing or as the result of working with an inexperienced agent. By working with a professional home buyer, you can alleviate the stress involved for everyone in waiting for closing. Having a quick guaranteed closing date when you are selling your house now in Overland Park will save you money.