Are you planning to sell your house in Cumming fast but are not sure how to start?
Navigating the real estate market can seem pretty terrifying, but let us help you simplify things. You have four main avenues to choose from if you want to sell your house in Cumming, and this article will walk you through the major differences of each.
Selling a house is more than just putting your personal stuff in boxes and getting ready to move out. You have to think about how you are going to sell to increase the chances of a sale. Moreover, if you want to get the most money out of your Georgia property, you’ll have to make it more valuable for your potential buyers. To start off, you have to decide if you want to sell your Cumming house by yourself or tap the services of real estate professionals.
Sell Your House by Yourself (FSBO)
If you don’t want to spend for agent commission, you can consider selling your Georgia house on your own. If you are a first time-seller, expect that it will take some time to get used to because you are dealing with a very large market. Nonetheless, here are a few fundamental things to remember if you are considering selling your house by yourself:
1. Know the Best and Worst Times to Sell a House in Cumming
Many factors influence real estate prices, which is why there is no fixed season for when it is best to sell a house. In Cumming, between 2014-2020, sales prices were highest during December, October, and September. This means that there were plenty of buyers who were willing to pay more than the market value during those months. Why is that? You can study more historical real estate market trends in Cumming to know which factors influenced local housing demand the most (tip: there are websites that create credible forecasts in Georgia).
2. Know the Selling Price of Other Houses in Your Area
Consider houses that have been sold currently in Cumming and see how they compare with your house. You may have the same property size as them, but still get a lower purchase offer. Your job now is to know their winning advantage — Did they renovate? How did they market the house? What are the neighborhood’s most striking features? Basic questions like these will not only help you set a price range, but will also help you justify in case your buyers compare your house with other properties.
3. Create an Effective Listing
When you’ve chosen an MLS to list your property in, the next crucial thing to do now is to create an effective listing. More than the listing title and description, photos are the most influential components in a listing. You want to upload house pictures that highlight your home’s best features. Additionally, you can do a home staging to make your house more appealing in pictures. Home staging is when you curate how the house looks (e.g., rearrange furniture, add more decorative, etc.) to help buyers visualize the potential in it (and to probably receive a higher price offer!).
4. Make the Necessary Repairs
Spending an extra hundred bucks on a new appliance may seem like a waste of money, especially when your buyer might replace it after the sale. One thing to remember is, whenever you make pre-sale upgrades to your home, you can always consider the expenses on your sale price, so you’ll basically get the money back.
However, upgrades do not guarantee a sale. If you don’t have that much extra money to do new upgrades, consider at least repairing sections that are regulated by law. Repairs are essential if you want to score buyers who have plans of renting out the property. This way, they wouldn’t have to think much about complying with Georgia Property Codes because you already gave them a head start.
5. Learn From Top Brokers
Consistently educate yourself about the different methods of selling real estate. Apart from good old-fashioned books, many real estate sellers are sharing their best and worst practices through free online videos. You can learn a lot from their experiences!
6. Hire Experts
Even if you are selling the house by yourself, hiring experts can increase your credibility for more chances of a sale. Experts that you can employ include a real estate attorney to double-check the documents, a title company to obtain a title insurance policy, and a property appraiser to validate that your repairs/renovations are competitive enough with other houses for sale in your area.
Contact a Real Estate Agent
If the FSBO process is too much for you, you can consider looking for real estate brokers. In any case, you won’t have to shell out money in advance to pay them as they are commission-based. Real estate agents can save you tons of time and energy, especially when you are too busy with work or your family.
If you are open to selling your home via an agent, a good tip is to interview a couple of agents first. You should go for an agent who:
- is familiar with Cumming (or your neighborhood)
- has sold houses in the past within the same price range as you
- was able to close previous deals fast
- is genuine, honest, and prioritizes your interests at heart
- knows how to market and communicate effectively
Explore iBuyer Websites
iBuyers (or instant buyers) are companies that can also offer you cash for your house in as fast as 24 hours. All you need to do is search them up online, fill up their online form, and they will automatically generate an offer price based on the information you sent. At present, since iBuyer websites are relatively new to the industry, there is still an ongoing debate on whether they are highly recommended or not. Some of the disadvantages with iBuyers are:
- they can have you sign a contingency (similar to traditional buyers)
- there is no proof that they are familiar with your local neighborhood conditions
- many iBuyers don’t buy houses as-is (the house has to be in a liveable condition)
- they offer low buying prices
Contact Other Professional Home-Buying Companies
If you need to sell your house fast for cash but are not confident with iBuyers, you can also talk to other professional home-buyers like us. Some of the benefits you’ll get are:
- you won’t have to make any repairs to your house
- no staging needed
- no waiting for months
- no going through multiple negotiations
- have instant cash
If you want to know more about these four avenues and see which would be the option for you, we can help you probe further. You can reach out to us via the form below or dial us up at (678) 318-1801!