Do you want to sell your home in Killeen? If so, we want to share some possible alternatives to a listing. Many people aren’t aware of the options that are often available! Check out our latest post to learn more about what is available for you!
Selling your house can be a daunting task. The process of listing isn’t always as simple as is seems. 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 a listing that can work much more efficiently in some situations. Consider some of these alternatives to listing when you are ready to sell your Killeen house!
Rent To Own
First up, we have the rent-to-own option. This structure can be a win-win for both the seller and buyer. It’s an excellent way to get your property in front of many more potential buyers who may not qualify for a traditional mortgage. Plus, you can guarantee that you will get full retail value for your home, or sometimes even more! It’s a perfect solution for those who may have a minor blemish on their credit from years ago or are short on a down payment.
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 MANY people out there looking to buy a home, but they fail to qualify for a traditional mortgage because of a minor blemish on their credit from years ago, they are short on a down payment or they have another mortgage on a different property.
These are great people, who will be likely to pay a higher than average rent in exchange for the chance at home ownership. To get started, the buyer will pay you an agreed upon “lump-sum payment up-front. This acts as a deposit should they fail to hold up their end of the deal. 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, the buyer must purchase the home outright. There are many ways you can set this up. Choose the terms that work for you!
Hold As a Rental Property
Have you ever pictured yourself as 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. Many people who aren’t able to sell the traditional way, will instead opt to rent their home out.And let’s face it, who doesn’t want to be a landlord? If you’re up for the challenge, renting out your home can be a great way to secure extra income. With careful tenant screening or hiring a property management company, you can find great low-maintenance renters. Plus, it can also be a viable option for those who may not be able to sell the traditional way.
If it seems like too much work, you can always hire a property management company to help you with routine maintenance and rent collection. Many people find owning a rental property is an excellent way to secure extra income. In fact, if you need a resource to sell my rental property in Killeen we have advice and resources to help.
Selling to A Direct Buyer or Investor
When you choose to sell your home directly, you will likely save many out of pocket costs you encounter when listing. You won’t need to pay a listing agent, make repairs or clean up. With a direct sale to an investor, the process typically runs much more quickly. Direct buyers are often paying in cash, so they are able to close without relying on bank funding.
For those who want to skip the hassle of listing, a direct sale to a buyer or investor could be the way to go. Selling your home directly can save you many out-of-pocket costs that you would encounter when listing. With a direct sale, the process typically runs much more quickly. Plus, direct buyers often pay in cash, so they are able to close without relying on bank funding. Just make sure to read the fine print and that the terms are agreeable to you.
When you sell your house directly, make sure to read the fine print and that the terms are agreeable to you. When selling on your own, you will not have a professional to help guide you. Not all home buyers are the same!
Many people are turning to auction services to sell their Killeen homes. Choose a site or person who will generate buzz about your property using excellent marketing. 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, homeowners insurance, property taxes, repairs and general depreciation, and you’ll see that holding on to a home, that isn’t income generating, is only costing you money.