Looking For Home Buyers In Birmingham?
We Analyse The 3 Ways To Sell Your Home In Birmingham
If you own a home and are thinking about selling to home buyers in Birmingham, you have a number of selling options available to you. In this blog post, we’ll look at those 3 ways and break them down to help you determine which way is best for you.
Owning a home , for most people, is the largest purchase of their lives. So it’s not surprising that the process of buying a home or selling a home can be quite complex.
Over the years, three home-selling options have developed to allow homeowners to sell their homes to professional home buyers in Birmingham. As you think about selling your home, you need to decide which way to sell is best for you, given your goals and timeline to sell.
Home-Selling Method 1: Sell Through An Estate Agent
This is the traditional and most common way to sell your home. The agent acts as a “middleman,” showing prospective home buyers through your house until one of them decides they would like to buy it (assuming they can get a mortgage). They’ll make an offer, the agent will negotiate on your behalf, and then you’ll close.
The timeline for selling this way can take months (the average is 3-6 months). Sellers who go with this method gamble on the timeline in exchange for doing less work (the agent does the work) and with the hopes achieving a sale at the market price. However, they will often need to spend money up-front to repair their house and then spend money after the sale on agent commissions and solicitor’s fees.
Home-Selling Method #2: Sell On Your Own
This method of selling has grown in recent years in a desire to save money on estate agent commissions. The process is very similar to the above method of selling but it’s done by the homeowner themselves, and not by an agent.
The homeowner lists their house, shows it to prospective buyers, negotiates with the buyer, and closes the deal and then has to see the deal through to completion with the solicitors.
The timeline is usually the same and the homeowner will still have to do the repairs on their house to make it attractive to buyers. Sellers who choose this method usually don’t mind the extra work involved in showing their house; they choose this method to save money on commissions.
Home-Selling Method #3: Sell Direct To a Home Buyer In Birmingham
This method of selling is gaining popularity as homeowners look for an alternative way to sell. This process is very different – it’s also easier, and quicker and the homeowner doesn’t have to pay any fees (so it’s not surprising that this method is gaining popularity).
Rather than listing and showing the house or negotiating, the homeowner simply sells their house directly to a professional home buyer with cash and who is ready to buy the house as-is right now.
It’s faster – the home buyer has money and is ready to buy; it’s easier on the seller – there is no expense or effort to repair the house before it’s sold; and it doesn’t cost the homeowner anything – professional home buyers (like what we do here at House and Flat Buyers) usually pay the solicitors fees.