Do you want to sell your house in Dallas / Fort Worth? If so, we want to share some possible alternatives to listing your home. Many people aren’t aware of the options that are often available instead of listing your home! Keep reading this article to learn more about what is available to you!
Selling your house can certainly be a daunting task. The process of listing isn’t always as simple as it may seem. There are repairs to make, cleaning to maintain, open houses, showings, bills and other hurdles to clear all while you are trying to move!
There are alternatives to listing your home that can work much more efficiently in some situations. Consider some of these alternatives to listing your home when you are ready to sell your Dallas / Fort Worth house!
Rent To Own
Many people don’t even realize that setting up your house in a rent to own structure is a great way to get the property in front of many more potential buyers. It is also a way to guarantee you will get full retail value for the home, sometimes more. There are lots of people out there looking to buy a home, but sadly they fail to qualify for a traditional mortgage because sometimes they have just a minor blemish on their credit from something that happened years ago, or perhaps they don’t have the full amount of funds needed for the down payment, or they already have another mortgage on a different property that could prevent them from getting another loan at this time.
Usually these are great people, who will likely be able to pay a higher than average rent in exchange for the chance at owning a home. So what happens is, the buyer will pay you an agreed upon “lump-sum payment” up-front. This acts as a deposit or down payment should they fail to hold up their end of the contract or terms that you both agree upon. The buyer will also pay you a higher than average rent, with a portion of the rent going toward their down-payment.
At the end of a year or two once the down payment has been satisfied, the buyer must purchase the home outright. There are many ways you can set this up. It’s important that you choose the terms that work best for you!
Hold As a Rental Property
Have you ever considered becoming a landlord? In some situations, it can be a lot of work. While other times, and with careful screening, you can find great, low-maintenance tenants who will treat the property as their own. Many people who aren’t able to sell the traditional way, will instead opt to rent their home out.
If it seems like too much work managing the tenant and all the maintenance on the property, you can always hire a property management company to help you with the rent collection and any maintenance issues that may arise along the way. Many people find owning a rental property is an excellent way to bring in some extra income.
Selling to A Direct Buyer or Investor
When you choose to sell your home directly instead of listing your home, you will likely save many out of pocket costs you encounter when listing traditionally. You won’t need to pay a listing agent, make any repairs or have to clean up constantly for showings while your home sits on the market. With a direct sale to an investor like Madison Lea Homes, a local company, the process typically runs much more quickly and smoothly. Direct buyers are often paying in cash, so they are able to close without relying on bank funding and can often close in as little as 7 days.
When you sell your house directly, make sure to read the fine print and that the terms work for you. Just know that not all home buyers are the same, and you’ll be representing yourself, so make sure you’re working with a reputable person or company if you decide to go this route.
Auction Services
Many people are turning to auction services to sell their Dallas / Fort Worth homes. Choose a site or person who will generate buzz about your property using excellent marketing strategies. The goal here is to draw attention to your home and encourage buyers to outbid one another.
An auction is great for people who want to want to sell and have a definitive date. By selling quickly, you can potentially save thousands as opposed to listing your home.
Factor in your mortgage payment, property taxes, homeowners insurance, repairs and general depreciation, and you’ll see that holding on to a home, that isn’t income generating, is only costing you money.
In Summary
So if you’re thinking about selling your house, listing your home may not be the best option for you. Consider contacting Madison Lea Homes who can provide you with a cash offer and can close in as little as 7 days. You won’t have to make any repairs on the property, and you won’t be burdened with commissions, fees, or closing costs. We handle everything from start to finish when selling your home in Dallas / Fort Worth and surrounding areas.
Forget about the stress of listing your home, and contact us today!