Have you’ve decided that its time for a change or maybe circumstances are forcing to make that decision to sell your home, please take a moment to familiarize yourself with these 5 ways baby boomers should consider if they need to sell their homes in Atlanta .
Traditional Listings With A Real Estate Agent
Hiring an experienced professional real estate agent to list your home for sale is one of the ways baby boomers have traditionally turned to when selling their homes in Atlanta .
Selling your home by listing it on the MLS with a Real Estate Agent means that you’ll likely be competing against all the other homes on the MLS. This brings its share of challenges. You will have to update the home on the interior and exterior. With the many tv channels that show how to make ordinary homes look spectacular, the buyers are looking for homes on the MLS that look like that.
When you sell your home to the general public, you have to allow them to see the inside of the home and the area, and usually, that can happen at the most inopportune time. For example, while your family is sitting down to eat dinner, that is the time many home buyers are looking at homes, and you will have to stop eating leave your home to allow the buyer to view your house. That can be very annoying.
You must keep your home looking picture perfect at all times. Even after doing all that, there is no guarantee that your home will sell fast of even at all, for the best price to make your discomfort be worth it.
For Sale By Owner FSBO
For sale by owner (FSBO) is another way baby boomers have used to try to sell their homes in Atlanta . This method is time-consuming and demanding in its undertaking, be prepared to seriously self evaluate could this way of selling your house is right for you.
Many boomers are attracted to this method of selling because they want to save that 7% commission many Real Estate Agents charges. Sellers, unfortunately, have often regretted that decision because of all the complexities of a real estate transaction and the risk of making costly errors because of being unfamiliar with all the paperwork involved and the laws it can get downright scary. No one wants to end up in court because even if you win, you lose with your time and attorney fees.
The next thing to consider is that it is difficult to be unemotional when negotiating with a buyer on the sale of your homes. Real Estate agents are experts in calming down the temper of buyers and sellers who can get slighted for what may otherwise be seen as good negotiated postering. Anger can cause the loss of a sale or reduction of the sale price. The days a home sits on the market, not selling is a cost for the seller, there is no need to allow your emotions to cost you money unnecessarily.
Take time to be aware of the current real estate market conditions. You need to position your house well to take advantage of the market. IF you price your house too high, it won’t sell, and buyers get spooked by your house sitting on the market for longer than average. They always think that something is wrong why no one else bought your house yet. If you price your house too low well, you will leave money on the table. I am sure you don’t want to leave any money on the table. Some think if I price my house for sale low, then we will have a bidding war. Not always true. If the house is priced too low, buyers will also think there is an unseen problem with your house, and the offers will start to come in even lower than your asking price.
In order to open your property to a broader buying base, boomers are seller financing as another way to sell their homes in Atlanta . This method of selling your house does come with some risk but can be a viable option to sell your house. Not many boomers were expected to become landlords during their retirement years, but seller financing an unwanted home may be worth it. The buyers you will attract will likely not be able to secure a traditional mortgage. Also, buyers are expected to treat the home as their own; however, it is highly likely you will have to take back the home sometime in the future. You should enlist the services of a mortgage broker to guide you with qualifying the seller financing buyer s to minimize your risk. If you take back the house, you will have to start the process all over again with a new buyer.
Selling Your House Rent to Own
Selling your house rent to own is another way Baby Boomers have to sell their house in Atlanta . The idea is you have many more buyers in the market that may be prepared to buy a home in a year or two and what to move now into their dream home. These buyers are willing to pay a premium on the rent and a non-refundable down payment in with the understanding the will do all that is necessary to become mortgage eligible in a short time. The buyers are typically highly motivated to keep their agreement with you because of the non-refundable down payment, and they appreciate the opportunity to live in their dream home now. The risk, not all buyers will do what they need to do to get a mortgage. Also, as we have seen during the Covid pandemic, some Banks tighten the mortgage requirements, and the buyers may need more time to meet the new standard. During the rent to own process, you are still responsible for the property, and if the tenant-buyer stops paying the rent, you may have to initiate a court proceeding to get them out at your own expense.
A Direct Sale To A Cash Buyer
The quickest way for Baby Boomers to sell their home Atlanta is through a direct sale to a cash home buyer. Cash home buyers will close on your home quickly, usually in days instead of weeks or months, as the other methods will take. Selling your house to a cash buyer means you will not have any marketing expenses, and no need to clean up your home, forget about the expenses of staging your house. Cash Home Buyers In the Atlanta market, understand that you have lived in this home for years, and they are not looking for the home to be picture perfect. Imagine you won’t have to fix repair paint, clean up, or clean out anything the cash home buyer will buy your home as-is.
Weight that opportunity for a quick no-hassle sale to the alternatives.
Some suggest that cash home buyers tend to offer you a lower sale price but do the math and add up the cost of advertising the repair cost, holding cost until the home sells buyer requested repairs, and putting your personal effects into storage while your house is on the market for decluttering purposes. Take the time to do a true accounting, then make up your own mind on what is the best choice for your family.
In summary, selling your house directly to a cash home buyers alleviates your concerns about whether the house will sell or the time you will take to sell your house finally.
If you’re a baby boomer searching for real answers on how to sell your house in Atlanta , it may become clear to you that the best way to secure the sale is to sell your house directly to Cash Homebuyers Atlanta. Contact us to see how we operate and how we can help you to sell your house by sending us a message or giving us a call at 770-769-5295 today!