There are many different ways to part with a property. Selecting the right sales strategy is key – some strategies will help you sell your home faster and reduce stress, while others could help you get a better price and maximise your returns. Below are 5 different ways to sell a home that could be worth considering.
Work with a real estate agency
The most traditional sales route is to work with a realtor who can help to price, stage and market your property for you. Real estate agencies can help reduce the stress of selling a home by taking over many tasks from conducting viewings to creating adverts. The downside is that you have to pay them commission – which can be anywhere from 1% to 6% of the sale price. Always read reviews of agencies to ensure you choose a high quality one, and ask about fees in advance so that you’re not caught out by any hidden costs.
Sell your home privately
You can sell a home without a realtor. This means not having to pay any commission to anyone, so that you can pocket more money for yourself. The downside is that you have to handle all the marketing. Set aside time for viewings, research into different listing sites and consider hiring a lawyer to help you guide you through some of the recommended contracts that are worth having in place.
Use a fast house buying company
How can I sell my house fast? For quick sales, it could be worth looking into house buying companies that will purchase any property ‘as is’. Such a sales route can be worthwhile if your home is in poor condition or your home is in an unattractive location – trying to sell such a property the conventional way could be tough and you could end up spending months trying to find a buyer. Using a fast house buying company allows you to move quickly, but you should consider the fact that you may not get a great price.
Sell your home at an auction
Auctioning a home is another effective way to sell it off quickly. Most auction sales wrap up in 30 to 45 days. You could also get more money through an auction than using a fast house buying company – potential buyers have the option to bid for your home, which could drive up the price if there is a lot of interest. Just make sure to set a reserve price and try to choose a popular auction house to ensure that your home does sell (if there are no bids, you could still have to pay the auction entry fee).
Organize a property raffle
This is a unique and fun way to sell a home that involves entering your property as a prize in a lottery. Tickets could be sold at $100 each – the aim is to sell as many tickets as you can in order to make more money than the value of the home. Meanwhile, the winner gets a home for $100. Always work with a raffle company that can help promote tickets and guide you through the legal steps (property raffles may not be legal in some states).
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