Are you a seller trying to decide whether to hire an agent or sell it yourself? This can be a huge decision for you. However, selling to a professional buyer is an alternative that could save you thousands of dollars! Traditional listings can leave you facing an unknown end date while taking all the legal risk and paying for all the charges involved when selling a home. When making any important decision in life, it’s best to go into the endeavor with a realistic understanding of just what is involved. Especially when the consequences of being ill-informed could hurt you financially, at a time when you may already be stretched to your limits. Discover how these 4 ways of selling your house now in Baltimore will save you money!
1. Selling your House AS-IS
Absorbing additional costs when selling your house is the last thing you want or need. Especially if the property is older or has serious issues. In a traditional listing, you may ultimately be responsible for making repairs. Even if your property is listed “As-Is.” Listing your home with an agent or by yourself can leave you open to expensive surprises after an inspection. Depending on the problem discovered, you could be spending thousands of dollars for labor and repairs. There could even be potential legal risks associated with disclosure laws. All of these costs are subtracted from the purchase price originally offered. Not only can this be extremely disheartening but it could completely wipe out the plans you’ve made for your future. By working with professional buyers, you will know the offer is one that you can depend on being a firm price. You can avoid legal headaches and keep your money instead of paying for repairs. By selling your house now to a professional buyer you can literally walk away, which is another way selling your house now in Baltimore will save you money.
2. Marketing Costs
Whether you are considering taking it upon yourself to sell your own home or working with an agent, there is simply no way to avoid the need to market the house. No matter who is in control of your marketing plan, you’ll be the one who pays for it. Depending on the budget outlined, you’ll want to include professional-grade photos, 360-degree, and virtual tours with professional drone footage, which are all the norm for today’s online buyers. Most real estate agents are now including staging expenses in their marketing plan, along with bringing your interior and exterior up to magazine quality presentation. This could mean anything from touching up paint to renovations and modernizing the property to suit the needs of your potential buyer. Likewise, standing out in searches means paying to be on the main real estate sites. Avoiding all of these costs when selling your house now in Baltimore will save you money.
3. Closing Costs
After finally maneuvering your way through the sale, it’s now time to sit down and collect your long-awaited money at the closing table, which may be virtual given today’s pandemic world. Bypassing all of these costs at closing by selling your house now in Baltimore will save you money. The largest of these expenses from your sale is in agent commissions if you work with an agent. Title insurance, which protects the buyer against any problems with your title, is commonly paid by the seller as well. Again, you’ll be facing another outlay for transfer fees, recording fees, and property taxes, which can vary depending on how the contract was written and the day of the month you actually close. Certain fees will be locked in, discounts on some services required for closing the transaction, and transferring the funds can be found by shopping around.
4. Holding Costs
Be it due to foreclosure or other changes in circumstances, a looming deadline that could spell personal financial disaster can lead to anxiety. If you’ve been forced to move before the sale has closed, you may now be facing the monthly bills and maintenance responsibilities of two properties. In a traditional listing, contracts often contain contingencies, such as waiting for the buyer’s home to sell before you can close, which means your sale is definitely not guaranteed. Often times an inexperienced buyer will end up backing out of deals after several weeks have passed, due to a lack of qualifying financing. By working with a professional buyer, you can alleviate the stress involved for everyone in waiting for the closing. Having a guaranteed closing date when you are selling your house now in Baltimore will save you money.
Just leave it all to our professionals. Imagine! No more concerns over financing your life while you are holding out for the closing, repairs, marketing, or closing costs. All you need to do is sell to Maryland Home Buyers, we handle everything for you. Selling your house now in Baltimore to Maryland Home Buyers will save you money. To learn more about what we can offer, fill in the form below or give us a call today! (410) 657-2523