Understanding Your Options to Sell a Home
Any transaction regarding real estate is not to be taken lightly. Whether you are buying or selling, it usually involves a significant amount of money. Any decision you make will impact your finances, so it’s important to have a clear understanding of what your options are if you need to sell a home in Birmingham fast.
Working with Your Current Lender
If the home you are trying to sell is your primary residence, have you worked out every possible solution with your lender? Given the economic challenges people have been faced with in recent years, lenders have more programs to help people stay in their homes.
If you’re faced with a change to your income, or you’re upside down in your mortgage, make sure you reach out to them to see if you can take advantage of the options available to you before you sell.
However, if you want to get out of your mortgage quickly, or you need to move due to a divorce or job relocation, you have another option to consider.
Listing Your Property vs. Sell to an Investor
Most people sell their home by listing it with an agent. But if you need to sell your home quickly, this probably won’t be the best option for you. Listing with an agent can take many weeks or months which can be crucial if you can’t afford to wait. Not to mention having to deal with open houses and contract negotiations.
Selling a home can be just as stressful, if not more so, than buying a home. So, why drag it out? By selling to an investor, you can often sell in as little as 7 days. Not only does that significantly reduce the stress involved, but it can also save you time and money.
Out-of-Pocket Costs & Fees Involved with Selling a Home
When you list with an agent, you will most likely have to pay fees or costs out of pocket. Agents will typically charge you on average 3% of the selling price as commission, and there may be closing costs involved. You also have to consider that most agents will want you to pay for any necessary repairs or upkeep to the property to make it sell-ready.
By selling to an investor, you don’t have to pay for maintenance or upkeep as they will buy your home in as-is condition. They also don’t require any upfront costs or commission fees so that you can walk away from your home without any money out-of-pocket.
How You Can Quickly Sell a Home in Birmingham
Overall, if you’re looking to sell your home fast, you may want to look beyond the traditional route of listing with an agent. Selling to an investor will not only help you to avoid any delays, but you can also save money by not having to pay the typical fees and costs associated with selling a home.
If you have questions about how to sell a home in Birmingham fast, contact a member of our team by filling out the form for a free consultation.