There are five total selling options you can consider if you’re thinking of selling your home. Which one is best for you depends on your situation.
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If you’re thinking of selling your home, there are five current selling options you have at your disposal.
The first is something I call the “pop or pay-one-price” alternative. With this option, a broker will put your home on the MLS for a flat fee. The cost of your fee depends on the level of service you want. Some brokers will help you with pricing, while others provide other menu-type services which you only pay for once and then pay a different selling agent for bringing you a buyer. This is a pretty popular model because a lot of people don’t like the idea of paying one broker to list their property and paying another broker to sell it.
Next, you have the fast cash sale. With this option, you sell your home to someone like me who pays cash for it. This is a much-desired option because a lot of people here in Long Island haven’t updated their homes and don’t like the idea of how long a total renovation could take or how much it would cost. With a fast cash sale, you might sell for less, but all the time and money you save not having to update your home can offset that discount.
After that, you have the guaranteed sale. This is where we put your home on the market at a retail price and make a cash offer for it in case it doesn’t sell. If at any point during the listing period you decide you don’t want your home on the market anymore and you just want it sold, you can call us up and take the cash offer. This option gives you peace of mind because you know your home is guaranteed to sell and you know at what price.
Of course, you can also list with a traditional Realtor, which typically takes six to 12 months after you decide to sell. When doing a traditional sale, you might need to make some upgrades to your home to get it in listing shape. The process is far from hassle-free, but with this option you make the most money.
Lastly, you can sell your home on your own as For Sale By Owner. This can be difficult nowadays because there are so many listing websites out there that buyers can have a hard time finding your home. You can try to put your home on as many of those sites as possible, but each one requires a small fee, and that cost can add up.
If you have any other questions about all the ways you can sell your home or you have any other real estate needs, don’t hesitate to reach out to me. I’d be glad to help you.