So, you’ve decided you want to sell your house in Akron, Ohio. So how will you go about it? You can list the house on the market with an agent, pursue a for sale by owner route, or sell directly to a cash buyer. What is the best option for you? Read on as we explore how to determine the best way to sell your house in Akron.
So we’ve already established the main ways to sell your house in Akron Ohio to to either use an agent, do for sale by owner, or sell directly to a cash buyer. A good place to start is to evaluate what your profits would be with each type of sale.
Local hybrid agent investors like those at Best Offer REI can quickly help you assess the value of your home with their team’s help to compare the profits you’d make from each type of sale.
Statistically, FSBO (for sale by owner) listings are successful around 11% of the time and often sell for less than what you would if you had listed with an agent. There is difficulty marketing houses that are for sale by owner because you aren’t able to list on the MLS and may not have been able to run proper sales comparables to price the property correctly.
Real Estate Agents will run comparables to see what other houses like yours in the Akron Ohio market are selling for and they will list your property on the MLS. The caveat is, you will often need to complete repairs on the property to get it ready to list, and you need to pay the agent commissions and any applicable fees for their services. In addition, buyers in this scenario may also ask you to pay closing costs. This all comes out of your profits.
At Best Offer Real Estate Investments, we will also run comparables and see what other houses in the market are selling for and review this information with you. You do not have to complete any repairs to the property, we do not charge any commissions or fees and we will pay all of the closing costs. We will make you a cash offer based on the current condition of your house and what repairs are needed to the property. Our offers are completely transparent and we will review everything with you so that you can make the choice the will suit your situation the best.
Another way to determine the best way to sell your house in Akron is to understand the timeline of the sales method you select. For example, FSBO listings may sell more slowly because it takes longer to find qualified buyers who are interested in the property. Listing with an agent is also a longer process because there is time involved in getting the property ready to list, waiting to find the right buyer, going through showings/inspections/appraisals, completing the negotiations and so forth. In addition, more than likely those buyers are using bank funds and need to go through a longer process to have the loan close.
Selling directly to a cash buyer like Best Offer Real Estate Investments has a different timeline because we use our own funds. You don’t need to list the house and look for a buyer. There are no inspections, appraisals, or other bank paperwork to wait on. It’s a much simpler and faster transaction. Once you accept our offer, the paperwork goes through the title company and we can close on a date that works for you.
You must consider the costs when determining the best way to sell your house in Akron. Hybrid agent investors like those at Best Offer REI will lay it all out on the table to you can compare the out-of-pocket expenses of selling your home on the Akron real estate market. The hybrid agent investors at Best Offer REI work with a policy of total transparency because we want you to feel good about working with us long after closing. Listing on the traditional market, there are usually other costs involved. Repairs being completed to get the property ready to list, staging the property to appeal to buyers, getting professional photographs taken, realtor commissions and closing costs are all expenses you are likely to encounter when listing your property.
Finally, if your home requires rehabilitation but you’d like to earn the highest possible profits from an agent to sell your house in Akron, your hybrid agent investor has a hybrid solution by partnering with you. First, working as an investor, a hybrid agent investor at Best Offer REI will bring in industry professionals to rehab the property, handling all the details. Then your hybrid agent investor from Best Offer REI will list your property earning commissions on the pre-rehab value, then fairly splitting the after-rehab profits.
Best Offer REI
When selling your house, it’s important to review all of your options so that you can decide what will be the best option for you. If you have questions or need help reviewing your options, we are happy to go over the information with you. If you would like to receive a no obligation cash offer, reach out to us!