Sadly, the economy and real estate market is currently in bad shape. People that have lost homes to foreclosure or even newly built homes have literally been sitting for a year or more – empty. For the real estate agent, this means lost money. To work with the challenging situation, creative solutions have been developed, giving the homeowner a means of selling and the agent a means of making money. Keep in mind that some real estate companies will list homes and tell homeowners that that market is good but in truth, the market is still struggling and will be for some time.
The economy has put all of the United States in a difficult place but as a homeowner, you may be in a position of having a house that is still worth reasonable value. Even so, the number of buyers, regardless of your geographic location is low. Then, with new restrictions being incorporated for lenders, many buyers can no longer qualify for a home loan.
The question becomes – how can a homeowner sell. One of the best solutions is with a FSBO, or For Sale by Owner. Since real estate agents charge on average 6 commission, a FSBO would yield more profit and possible move the property quicker than six to twelve months see with agent sales. However, a FSBO is usually a slow process so for the homeowner that needs to sell quickly, this would probably not work. When a homeowner has taken a job transfer or even took possession of property from an inheritance, paying on two mortgages is tough, which is why selling fast becomes a priority.
With a FSBO, the middleman is cut out, which is the real estate agent. Again, this eliminates paying high commission fees. In addition, if the homeowner sells the home, he or she gains more control over the way in which the property is marketed and sold. In other words, without pressure by an agent, the homeowner could take the offer they feel most comfortable with while not getting an agent upset.
Remember, homeowners have other options such as using the power of the internet to sell a home. In fact, this method is easy and uncomplicated. Selling a home on the internet starts with a search using some of the better search engines such as Google.com, which is used by thousands of sellers although many people are investors looking for property that could be purchased with cash. The advantage is that banks are cut out of the equation, which is a huge time saver.
Real estate investors typically fund purchases using a third party, such as a private lender or money lender. In this case, loans are approved quickly, in as little time as 14 days. Depending on the situation, some investors are approved in a day or two. For the homeowner selling, they have opportunities to get the property sold and closed on in about 30 days. With this, the investor would need a free and clear title, meaning there are no judgments or liens on the property, the home would need to have passed an inspection, and from there, the closing process could begin.
For homes that have needed repairs, working with an investor could actually make the sale easier since these professionals often prefer to make their own changes. With this, the investor can make upgrades according to what he or she preferred. Therefore, homeowners can typically sell a home to an investor, regardless of the property’s condition.
As more and more people learn about investors and the benefits they bring to the table, chances are people will use this option instead of working with a real estate agent. Of all tools available, the internet is by far the best. Homeowners can market and advertise on the internet and they have a much better chance of reaching a large audience of potential buyers. Therefore, any homeowner needing to sell has the answer within reach.
Author Resource:
Thomas Stevenson is a real estate investor based in Boston. He is a former estate agent and writes widely about issues related to real estate and finance. He is an expert in establishing online sites that help people http://www.sellhousefast.co.uk/ both in the US and UK.
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