There are different ways to sell your home in Albuquerque, including selling by owner, hiring a real estate agent, and working with a cash buyer. Depending on which option you choose there are going to be pros and cons to each one.
Selling by Owner Pros:
- No agent fees
- Everything is done on your time
- You finalize the sale price
- You accept the offers
- Stage the home your way
Selling by Owner Cons:
- No listing/marketing resources
- Can take a long time to sell
- May get low ball offers
- Will need to make repairs
- Will need to make renovations
- May run into non-qualified buyers
Selling by owner definitely has its perks, such as saving money on the lack of realtor fees. However, the repairs and renovations you will need to make in order to find an interested buyer will cost thousands of dollars. These minor fixes are not going to add value to your home. You will have to be careful when deciding to make these changes or not.
One last thing to consider when selling your home by owner is that because you will lack the experience of listing and marketing your home, it may take a very long time for buyers to be aware of your listing.
Hiring a Real Estate Agent Pros:
- Listing/marketing resources
- List of potential qualified buyers
- Experience with selling homes
Hiring a Real Estate Agent Cons
- 4-6% fees on the final selling price
- Will require you to repair the home
- Will require you to renovate the home
- The process can take months
- Buyers can fall through last minute
Hiring a real estate agent to your home is beneficial because they know the market, and have all the listing resources to bring potential buyers into your home. The downside however, is that the home will still need some repairs and renovations, and as stated above these will not add value to your home. In turn, will be out thousands of dollars just to get your home ready to sell.
The last thing to keep in mind when selling through a real estate agent is the fees. You will be required to pay your realtor 4-6% of the final selling price on your home. This is a huge chunk of change if you ask us!
Selling to a Cash Buyer Pros:
- Pays with cash
- No need to make any repairs
- No need to make any renovations
- No real estate agent fees
- Fast seven day process
- No backing out
- Guaranteed cash offer
- Everything is on your time
- No need to market/list the home
Selling to a Cash Buyer Cons:
- The quick sale may be overwhelming
As you can see, there are many pros and very little cons when selling your home to a cash buyer. The one con is not a big deal because when you sell to a cash buyer you can decide when you are ready to move out, and accept the offer then! Selling to a cash buyer is going to save you money because you won’t have to pay to repair or renovate the home. You also aren’t going to have to pay any realtor fees. You will save a lot of money and a lot of time. A cash buyer will pay you cash which will allow you to be free from your home in a quick seven days! The process is so much smoother as you won’t have to wait on other people trying to decide if they should purchase your home or not.
If you are thinking that a cash buyer may be a good option for you, then contact Enlight Homebuyers in Albuquerque today at 505-227-8865. We are your number one cash buying company and you can sell your house fast in Albuquerque. We have the experience and knowledge you need to help you get out of your home in no time!