When selling any house, things can get expensive quickly. However, there are some ways that you can save money when trying to sell your house in Baltimore area. In our latest post, we will explore ways that you can save money on the sale of your house in the Maryland area!
When selling your house in Baltimore, every dollar counts. There are common things that you can avoid as well as some alternate selling methods that will leave you with more cash after all is said and done. Before you commit to a listing agreement with a local realtor, learn more about what a direct sale can do for you! Keep reading to learn more!
1. Sell Your House “As-Is”
Selling your home without making repairs can save you a fortune. Many times, homeowners will make repairs before even putting their homes on the MLS in order to make it more competitive with the other homes on the market. Once a buyer is found, additional repairs will often be needed after the appraisal and inspection process. From there, repair costs can snowball, often turning into expenses far greater than you had originally planned for. When you work with a cash buyer, your property won’t be subject to any repair costs, inspections, or appraisals. You will be able to save money and sell the property without any additional costs to worry about. There are no surprise fees or hidden costs that you aren’t prepared for. In addition, you won’t ever be asked to clean up the property. We can and will handle everything from the cleaning to the repairs to the upgrades. With our simple selling process, you’ll be able to sell your Baltimore house without any of the work, cost, or hassle.
2. Avoid Real Estate Agents
By skipping the middle-man, you will be able to keep 6% or more of the final sale price in your pocket. A direct sale to Maryland Home Buyers will never require you to pay any commissions or fees. There is never any cost for our services. While some agents are worth their weight in gold, for others, paying the commission can equate to thousands of dollars down the drain. When you choose to sell your home directly to a company such as Maryland Home Buyers, you will save time and money while avoiding the runaround that you might get when trying to sell your house in the traditional way. Not all agents are bad, but for some properties in Baltimore, a fast and direct sale is the more efficient and profitable way to go.
3. Sell Quickly
Each day that you remain the owner of the house, you will incur costs. Utilities, taxes, insurance, a monthly mortgage payment, and maintenance costs can add up quickly. Depending on the property, holding costs can add up to thousands of dollars. As any real estate investor will tell you, the faster you are able to close, the more money you will be able to keep in your pocket. Holding costs can quickly make your projected profits fade away into nothing. Listing your home on the MLS and successfully selling can take months. However, when you sell your house directly to Maryland Home Buyers, we will likely be able to close quickly, potentially saving you thousands of dollars in holding costs.
4. Avoid Advertising, Photography & Staging Costs
When selling your house the traditional way, there will be advertising and marketing costs that will go along with it. It is easy to tell a good listing from a bad listing. Successful and eye-catching listings utilize professional photography and staging techniques. The house will need to be cleaned from top to bottom before any of this is done. If performed by a professional, even better. Using featured listings, both in print and online can be expensive but will get your property in front of more potential buyers. Cleaning, photography, staging services, and premium listings can be expensive and you will likely have to pay for advanced marketing out of your own pocket. By selling your house directly to a buyer who is ready to close right away, you’ll be able to avoid all of the costs of advanced marketing, keeping more money in your pocket.
5. Work With A Cash Buyer
As you can see from the tips above, selling your home directly to a professional buyer is a great way to save money and sell quickly. At Maryland Home Buyers we have the funds in place to buy your house immediately, so you never have to worry about the sale falling through due to bank financing or a low-appraisal. From day one, you will know how much you’re getting and what day we can close. In fact, we can close on the date of your choice so you can plan ahead and know what to expect. Selling a home in Baltimore doesn’t have to feel overwhelming or expensive. By working with Maryland Home Buyers, selling a house in Baltimore has never been easier.