“What Are My Options To Sell My House Fast In Birmingham?”
Homeowners in Birmingham who want to sell their home quickly need to know what their options are…
If you own a home and you’re thinking, wondering, “how do I sell my house fast in Birmingham,” this blog post is a quick tutorial on your available options, and how you decide which option is right for you.
The speed of selling your home comes down to four main factors:
1. How long you’re willing to take to sell your house
2. How much you’re willing to spend to sell your house
3. How much you’re asking for your house
4. Is FSBO the way to go
Option #1: What Is Your Timeline?
The first factor is: how long are you willing to take to sell your house? Most people think of selling their home the traditional way, by listing through an agent. This method of selling can take 3 to 6 months (sometimes longer, depending on market conditions). So if you have a lot of time and are not in any rush, this might be a good option for you.
However, many homeowners don’t want to wait that long. Usually people sell because they need to move and they don’t always have 3 to 6 months (or longer) to wait for a sale. So there is another option, and that is to bypass the agent and sell directly to a home buyer.
Option #2: How Much Do You Want To Spend?
Most people are surprised by this question because they don’t realize that they have to spend money to sell their house but if you sell the traditional way, there are two times that you have to spend money: before you list, when you renovate your property to get it ready to sell; and after you sell, when you pay your real estate agent a commission for selling the property. Both of these can costs THOUSANDS of dollars.
Not all homeowners are comfortable SPENDING all that money in order to SELL their house. If you’re a homeowner who would prefer to keep more in your pocket, you have another option: you can sell your house directly to a cash home buyer like us at Sell Birmingham Home Fast . We buy houses as-is and take care of all costs (and there are no fees or commissions).
Option #3: Selling Price
Some homeowners believe that the market price for their house will be high, so they’re willing to wait and gamble and see if a buyer will purchase it for that price. When a buyer is eventually found, they MIGHT offer more, the same, or less than the asking price.
But not all homeowners like the “unknown” of this gamble. They don’t want to wait months in the hopes that someone will offer what they’re asking. They subscribe to the saying, “a bird in the hand is worth two in the bush”, meaning that they’d rather work with a home buyer – even one who might offer slightly less than a market price – in order to know EXACTLY how much they can get for their house right this very instant.
If you’re a homeowner and you’re wondering, “What are my options to sell my house fast in Birmingham?” then it really comes down to these 3 factors that will determine whether you’re willing to list or to sell right now.
Option #4: Is FSBO the way to go
Selling your house yourself means you can avoid losing 5-6% of your equity toward paying your agent’s commission. Plus, in the event that you’re putting your house up for sale in a seller’s market, finding a buyer won’t be too challenging.
Now, if the buyer has their own agent who can handle the transaction, does a seller really need their own? If you want a fast sale, yes.
The buyer’s agent is exactly that — the buyer’s agent. If closing quickly isn’t a priority to the buyer, the agent will cater to her client’s needs during closing and put your desire for a fast sale second.
Aside from being your advocate, your agent will know all the tips and tricks for a fast sale from pre-listing through closing.
If you are set on selling the house by yourself, you’ll need to get educated on all the closing documents you and your buyer will need to successfully complete the sale transaction. Omissions or errors can be costly and may lead to legal issues. And you’ll need to arrange for an attorney and title company to help you complete the transaction.
Without an expert to keep track of all the intricacies of the transaction, you cannot necessarily count on the sale to go quickly or smoothly.