It doesn’t matter whether you’re buying or selling; real estate is expensive. When you’re not parting with your hard-earned money to cover realtor fees, you’re spending a fortune on legal fees and renovations to bring your house up to a sellable standard or paying for building inspections. However, selling your house doesn’t have to be expensive if you don’t want it to be. Below, you can learn all about the cheapest way to sell your house in Phoenix and why this option might be right for you.
Sell Your House in Phoenix to a Professional Buyer
When the time comes to sell your house in Phoenix, it’s only natural to look up the phone number of your local real estate agency. After all, they’re in the business of helping people sell their houses, and that’s exactly what you want to do. While there’s no reason why you can’t enlist the services of a real estate agent, there is a much cheaper way to get that ‘sold’ sign put up. You can talk to a professional house buyer about your options.
Professional house buyers are essentially property investors. They buy houses in Arizona and further afield in any condition, renovate them, and sell them for a profit. They do what many people don’t want or can’t do to maximize a home’s value – and everyone wins. You get cash in hand, and the buyer makes a profit when they renovate and sell.
When homeowners decide to put their properties up for sale, they have many different sales options to choose from. They can opt for For Sale By Owner (FSBO), which means they have to handle all the marketing efforts and paperwork themselves, but keep 100% of the profits.
Alternatively, they can sell through a realtor and pay up to 6% of the purchase price in fees or sell to a professional buyer. In many situations, selling to a professional buyer makes the most sense, especially if you can relate to any of these scenarios.
You Inherited An Estate
You already have a home you love in a location you prefer, and now a family member has passed away and left you their property. While you appreciate the gesture, you can’t afford to pay housing-related costs on two properties and don’t have any desire to move into the house you now legally own.
While you could decide to rent it out, you’re not guaranteed to welcome tenants you can trust. You also never wanted the burden of being a landlord. That leaves you with one option: selling it.
However, you lead a busy lifestyle and don’t have time to clean it up for open houses or stage it to fetch the maximum price. Therefore, you decide to sell to a professional buyer. Upon viewing the house, they offer a cash price and take over ownership in a matter of days without you having to lift a finger.
You’re Going Through a Divorce
Selling your home without a realtor seems like a daunting prospect, but you’re going through a divorce and need to divide your assets quickly. The sooner you can sell your property, the sooner you can move on with your life and start again somewhere new.
If you were to put your house on the market through a realtor, there are no guarantees that you’ll find the perfect buyer in a timeframe that suits your needs. However, that can be a guarantee with a professional buyer.
Rather than the seller working with the buyer’s timeline, the buyer works with the seller’s timeline. You can set the date you’d like to sell, and a professional property purchaser will almost always make it happen.
You’re Behind On Payments
Foreclosure is a genuine reality, but the consequences can be dire, with your credit score at risk and your future property purchasing power in danger. Selling quickly to a professional buyer can seem like the best option. Once you sell, you can pay what you owe to the bank and start to get your financial situation back on track.
It’s In a State Of Disrepair
You never realized how challenging homeownership could be. Everything was fine in the beginning, but you fell behind on maintenance due to a lack of time, money, or ill health. Now, the property has extensive problems, like a leaky roof and structural issues.
Fixing these problems will cost thousands of dollars, and you don’t have the money to pay for them. However, by not doing anything, the issues are getting worse, and the house is barely habitable in its current state.
When you sell to a professional house buyer, those problems are no longer yours to worry about. They buy homes in any condition, fix the issues you couldn’t, and give them a new lease on life.
Are You Ready to Sell Your House Cheaply?
Selling your home doesn’t have to be the costly and time-consuming exercise it’s made out to be. Avoid paying expensive realtor fees by reaching out to OAK Street Properties. Once you provide us with information about your property, we can give you a fair cash offer that comes with no fees, no commissions, and no repairs. You even get to choose the closing date. Now might be the right time to explore your selling options.