When selling your house in Baltimore, there is more than just one way to go about it. Every situation requires its own unique solution. In this post, we offer information about your available selling options so that you can sell your house fast and move on quickly.
Do you need to sell your house in Baltimore? Our team is dedicated to helping homeowners in the Baltimore area who are looking for the best way to sell their home or property. Take a look at the 3 options below and do the math for your individual property. You might be surprised by what the numbers say for you!
1. Hire A Baltimore Real Estate Agent
Hiring a real estate agent in Baltimore is usually the first thing that people think of when they decide to sell their home. The process is ideal for some properties but costly and time-consuming for others.
When you are selling a house in good condition and are working with the right Baltimore real estate agent, the listing process can be very beneficial. As long as the variables go in your favor, you can have great results when working with a local agent. Your property should not require a lot of money to be spent on repairs. You will need to be able to sell the house quickly in order to save on holding costs, and you will need to have the property priced correctly in order to attract buyers and yet still make a profit.
The trouble with working with an agent is that there is so much left up to chance. You may end up working with the wrong agent, your house may not sell right away, and you may be forced to lower your asking price. You will need to have the house cleaned and make the needed repairs before putting the property on the market. You should also be prepared for potential buyers to request additional repairs be made after the inspection process. There can be many costs involved when listing your house in Baltimore], which is why for some homeowners, working with a direct buyer can be the better choice.
2. Sell the House Yourself
Selling your house on your own can seem like a wise choice, and for some people it is. However, it is also important to understand the time and money that will be needed on your part in order to successfully complete the sale in this manner.
Using the For Sale By Owner (FSBO) method to sell your house in Baltimore, will save you money on the agent commissions. Many see this as a reason to sell on their own, however, you can quickly get in over your head if you lack any real estate experience. With a little luck and some real estate experience under your belt, you can sell your home without the use of a Baltimore agent.
Historically, about 85% of all FSBO’s do not sell, according to the National Association of Realtors. The seller ends up taking the house off of the market or listing it with a Realtor. As a seller, you have to decide how long you want to continue to try this method.
The truth is, selling your house on the open market without the help of a professional real estate agent can be a lot of work. When you choose to sell this way, prepare to spend your time fielding calls, answering questions, showing the property, marketing the property, and dealing with negotiations, inspectors, repairs, and all of the legalities. In addition, working with an agent will typically help you sell the house for more money. A great agent will be a pro when it comes to negotiation, ensuring you get the most for the house as you possibly can. People hire agents for a reason, and truth be told working with the right one can be worth their weight in gold.
3. Sell your House Directly to Maryland Home Buyers
Working with Maryland Home Buyers will allow you to sell your house fast in Baltimore, without dealing with any of the waiting, agent commissions, or repair costs. Our process will save you time and money. Selling this way will be the most straightforward and convenient choice. You will be able to compare your options, learn about the pros and cons, choose your closing date, and have the ability to plan ahead. For many homeowners, in many situations, speed, convenience, and a guaranteed sale far outweigh the risks of a traditional listing.
The only perceived downside of selling your house directly to Maryland Home Buyers is that you may not receive the full retail price. That said, the thousands of dollars you will save in commissions, repairs, holding costs, marketing expenses, and closing costs, can more than make up the difference.
At Maryland Home Buyers, we think it is important that home sellers get all of the information they need about selling their houses in Baltimore. We encourage you to look at all of your options, weighing the pros and cons of each. Every property and situation are a bit different, which is why we are proud to offer alternative solutions to help you to reach your real estate goals!