There are a few things you should know before selling your house on your own in Memphis. In our latest post, get the information you need to make the right decision before attempting to sell your house on your own.
Many people believe that they can sell their house with a for sale by owner listing, and the truth is, they can. However, the costs, the time spent, and the effort that goes into the whole thing is often much more than they bargained for. An agent is typically able to get sellers more money than selling on their own, but then the seller is faced with high commissions and other listing costs. If you do decide to sell your house on your own in Memphis, we offer a few costs you should be aware of below!
Advertising Costs
When selling your house on your own, you’ll need to look at the costs and decide which methods will be right for you. There is signage, printed materials, online listings, open house costs, and much more. You don’t have to use every method, however, in order to sell your house fast in Memphis, you will need to do a good job getting the word out.
Answering Questions
If you’ve done a good job marketing, you’ll have a lot of people calling you and inquiring about the property. You’ll have to screen the phone calls, answer questions, and set up appointments for people who want to view the home in person. It can be a lot of work, especially if you are doing a good job marketing the property.
Property Showings
Hopefully, people will want to see your home. This means keeping it clean and showing ready at all times. Many people choose to use items to stage the house, making it more appealing to potential buyers. In many cases, the house will also need to be professionally cleaned to look its best for showings. When representing the house yourself, you will need to make yourself available when people want to see the home. And you must make sure you don’t get defensive if someone makes a comment about the house that you don’t like.
Repair Costs
Repair costs can add up fast for a person hoping to sell their house fast in Memphis. You will have to fix all the small things that have gone ignored over the years, plus any larger repairs that you feel will add more value to the home. Keep in mind that in many cases, a potential buyer will ask for even more repairs be made after the official inspection has been completed.
Legal Responsibilities
If you decide to sell your house on your own in Memphis, you will be responsible for all the legalities that come along with it. From the contracts to the escrow process, you will be in charge of it all, making sure everything is completed accurately and completely.
Timeframes
When you choose to list your home in Memphis, the process can take weeks or even months. The worst part is that once you’ve waited all this time, the sale can fall through due to a low appraisal. Selling this way provides no guaranteed sale date and can leave you living in limbo for months to come. With a direct sale to Restoration Properties, you will be able to close in only a matter of days.
Selling your house directly to Restoration Properties will eliminate all of the costs and responsibilities listed above. We will be able to save you time, money, and make sure that the transaction is handled legally and professionally.