Selling your home can be more stressful than many other major life events. When you’re under duress and need to sell quickly, additional strain is added to the mix. At FairSquare Houser Buyers, we are here to help you by exploring your options when selling your house in Louisville.
Listing Agent
Selling your house in Louisville through a professional real estate agent is the traditional method. Agents are paid based on a percentage of the sale price in addition to other possible fees they or their broker may also charge. The usual commission is 3% per side, so if you sell your house for $400,000, you would have to pay $24,000 out of your proceeds in commissions alone, along with the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agents office.
You will also need to invest in updates and repairs in preparation for showings while playing a waiting game until the right buyer comes along. Usually requiring inspections of the house, they may also require repairs prior to closing. Sadly, you could end up with a buyer that doesn’t qualify for the mortgage, after taking all of the steps to meet the qualifications from banks and waiting for the mortgage underwriting process and property inspection.
When you work with FairSquare House Buyers, we will buy your house “as-is” and there are no fees or commissions. Plus we pay for all closing costs!
Cash Offers
Because professional buyers usually offer cash, you can expect a quick closing on your house in Louisville. The sale is usually “as-is”, which speeds the process even further, saving you both time and money. This also alleviates you of the legal responsibilities associated with disclosure.
Professional buyers are taking higher risks, offer faster cash sales, and usually pay the closing costs. For these reasons, their offers are usually lower than properties sold as FSBO or listed on the MLS. Regrettably, there are less than honest buyers who may try to take advantage of your time or financial constraints so research carefully who you work with. At FairSquare House Buyers, we are dedicated to making offers to homeowners that are fair and a win-win. You can hear directly from our clients about working with our team here. FairSquare House Buyers will make you an all cash offer within one day! Call us 502-417-7467 or send us a message so we can send you an offer today!
For Sale By Owner
Selling a house in Louisville on your own may sound appealing because you will be controlling everything. Professionals, such as real estate agents or auctioneers, charge fees for their services which cuts into your profits. If you have legal experience dealing with real estate advertisements and transactions, you can save a lot of money on the deal. However, it can be extremely costly and legally devastating to make an error through your “house for sale” advertising or how you handle all of the aspects of your sale with the buyer. At FairSquare House Buyers, we work with a team of real estate and legal experts that will make sure you sell your house quickly, fairly and legally. Save yourself time and reduce your stress by calling us 502-417-7467 or send us a message to see how we can help you!
Short Sale
Depending on circumstances, you may be able to negotiate a short sale with your lender. You can learn more about short sales here. You will want to note that this is a very slow-moving process which means that the lender has agreed to allow a sale for less than the remaining debt on the loan. If you have questions about the pros and cons of a short sale, please reach out to our team by calling us 502-417-7467 or send us a message. We can help walk you through the short sale process.
Auction
Avoiding the headaches of showing your house is one of the favorable aspects of auctions. Additionally, these properties close quickly, selling as-is, so you won’t need to continue to pour time and money into repairs and upkeep of your house in Louisville.
Keep in mind the usual fee for their service is about 10 percent of the final purchase price. Because most auctions charge their fees to the buyer, lower bids are likely to be made in the attempt on the buyer’s part to pay a lower fee. Make sure you’re aware ahead of time if you’ll be responsible for their fee, which takes more away from your bottom line. Realizing a sale of the property at auction IS NOT GUARANTEED. There could be low attendance or several properties up for auction at the same time, leading to lower bids.
We’re happy to further explore all of the options for getting started now on selling your house in Louisville. Just call FairSquare House Buyers today at 502-417-7467 or send us a message to learn more!