For many people, the thought of selling their home can seem like a lot of work accompanied by a long list of expenses. If the property needs a lot of work to get into good enough condition to list it, that can seem almost unbearable. However, it doesn’t have to be that way! In this latest post, we will explore the ways you can sell your house in Madison without any hassle whatsoever!
When selling a house in Madison, for most, the only thought that comes to mind is getting the property repaired, cleaned up, and listing it with an agent on the MLS. For many people, this is a great solution and could very well be the best and most profitable option. For others that want to look at avoiding those hassles, there are other options. There are many ways to sell a Madison house! Consider all of your options to discover which selling method is right for you and your situation!
Sell Directly to A Professional Home Buyer
You can sell your home as is without using an agent, ultimately saving a ton of time and money depending on the situation. There are companies such as Wisconsin House Buyers, LLC that will buy your Madison house as is using a straight-forward and simple process. With a direct sale, you won’t have to worry about commission, repairs, cleaning-up or waiting for a buyer to come along. You will immediately know the amount you are receiving as well as the closing date so you aren’t left in limbo, wondering when your house will sell. Check out a more in-depth review of the benefits of selling to a local house buyer here.
Direct sales are becoming increasingly popular, however, not all buyers are the same. Make sure you do your homework on both the local market and the buyer you are working with. A direct sale may not offer full price, but for some people, the amount saved on repairs and wasted time more than makes up for the difference in price.
List Your Home With An Experienced Agent
Of course, listing your Madison house is an option. Take the time to learn about everything that is involved and what will be expected of you. No two agents work exactly the same and there are no guarantees. Your property can be listed for any price, but there is no guarantee you will receive it. Watch out for agents who try to “wow” you with a high listing price. If it’s priced too high, it will likely sit on the market, possibly for months at a time. You will inevitably have to lower the price, while your property drops down the list of homes available on the MLS. If you decide to list, make sure your agent prices your home to sell. Not just setting a high price to convince you to sign a listing agreement.
Offer Seller Financing
This can work for some people who don’t need the cash from the home immediately. You can elect to carry the note setting up a “rent-to-own” structure. Your tenant will “rent” the property at a higher than average price, with some of the money going toward a down payment on the home. They will then have the option to buy the property outright at the end of a certain period of time, typically around 2 years.
Consider Your Other Options
If selling simply isn’t in the cards and you need to move, there are other options. You can rent the house out as either a short or long term rental. The trouble with this can be finding great tenants and retaining them for as long as possible. Renters can be quite nomadic, and tenant turnover can cost you dearly. If you haven’t done this in the past, consider hiring a property manager to help you keep everything in order.