Anyone Out There Looking For Home Buyers In Phoenix?
We Analyze The 3 Ways To Sell Your Home In Phoenix
If you own a home and are thinking about selling to home buyers in Phoenix, you have a number of selling options available to you. In this blog post, we’ll look at 3 popular ways and break them down to help you determine which way is best for you.
For most people, owning a home is the largest purchase of their lives. So it’s not surprising that the process of buying a home or selling a home can be overwhelming and complex.
Over the years, three home-selling options have been developed to allow homeowners like you to sell to home buyers in Phoenix. As you think about selling your home, you need to decide which way to sell is best for you, given your goals and timeline to sell.
Home Selling Method #1: Sell Through A Real Estate Agent
This is the traditional way to sell your home, and it’s also the most popular. In this home-selling method, the homeowner chooses a real estate agent who will list the house. Ensure they are licensed to practice real estate in the state of Arizona. Also check that they are a REALTOR, not just an agent, as it is a higher standard in the industry.
The agent acts as a “middleman,” showing prospective home buyers in Phoenix through your house until one of those buyers decides to buy. They’ll make an offer, the agent will negotiate on your behalf, and then you’ll close on the home.
The timeline on this selling method can take months (the average is 3-6 months). Sellers who choose this method prefer to gamble on the timeline to do less work (the agent does the work) and with the hopes of selling at the market price. Market price is determined by the latest comparable sales, or home similar homes that have recently sold in your area. However, sellers who use this method will often need to spend money up-front to repair their house first, and then spend money after the sale on agent fees and commissions.
Home Selling Method #2: Sell On Your Own, aka FSBO
This method of selling has grown in response to a desire to save money on agent commissions. The process is very similar to the above method of selling but it’s done by the homeowner themselves, and not by an agent.
The homeowner lists their house, shows it to prospective buyers, negotiates with the buyer, and closes the deal.
There are a lot of similarities – the timeline is usually the same and the homeowner will still have to pay up-front for repairs on their house to make it sellable. Sellers who choose this method don’t mind the extra work involved in showing their house; they usually choose this method to save money on commissions.
Be prepared for a lot of legwork needed for this method as good real estate agents are experts at marketing and pricing strategies to get your home sold in Phoenix.
Home-Selling Method #3: Sell Direct To Home Buyer In Phoenix
This method of selling is gaining popularity as homeowners look for a third way to sell. This process is very different – it’s also faster, simpler, and doesn’t cost the homeowner anything (so it’s not surprising that this method is gaining popularity).
Rather than listing and showing the house or negotiating, the homeowner simply sells their house direct to a professional home buyers in Phoenix with cash and who is ready to buy the house as-is on your timeline (in as little as 7 days).
It’s faster – the buyer has money and is ready to buy; it’s easier on the seller – there is no expense or effort to repair the house before it’s sold; and it doesn’t cost the homeowner anything – professional home buyers (like what we do here at Ambassador Properties) usually pay closing costs and fees.