For many people, the thought of selling their home can seem like a lot of work accompanied by a long list of seemingly meaningless expenses.
To make matters worse, the situation can be even more overwhelming if the property is in disarray or in need of repair. However, it doesn’t need to be that way!
Selling a house in Miami typically involves hiring an agent and listing the property on the MLS. And, for a lot of first-time homeowners, this is a great solution.
There Are Other House Selling Options To Explore.
In our latest post, we discuss how you can sell your house in Miami without any hassle whatsoever!
Skip the agent and sell directly to a Professional Buyer! This routes can save you a ton of money and time depending on the situation.
There are companies such as us, at Sunshine State Buyers that will buy your Miami house in AS-IS condition, with a fast, simple CASH offer.
Opting to sell directly to a Professional Home Buyer means you don’t have to worry about commission, repairs, cleaning-up or waiting months on end to finally secure a buyer.
Plus, you’ll immediately know upfront the amount you’ll receive as well as the closing date. A traditional sale typically leaves you in limbo, since an agent can’t guarantee when you’ll find a buyer, how much they’ll pay, or what you’re closing date will be.
As a result, direct sales are becoming increasingly popular. Just don’t assume every House Buying Company is the same. You still need to do your homework on both the local market and the buyer you plan to work with.
NOTE: A direct buyer may not be able to offer full retail value. However, in some situations, the amount saved on repairs and wasted time more than makes up for the difference in price.
List Your Home With An Experienced Agent
Of course, listing your Miami house is an option. But you should be extra aware of all the additional costs that can be involved and what will be expected of you.
No agency is the same. And no agent can guarantee the same results either. So make sure you’re 100% happy with the agency you go for before you sign anything.
An agency might list your property at a competitive price on the market, but there are no guarantee buyers will offer that amount. Watch out for agents who try to WOW you with a high listing price.
If it’s priced too high, it will likely sit on the market for months. You’ll be forced to lower the price, while your property drops further down the list of homes for sale on the MLS.
Make sure your agent proposes a price that will attract buyers in Miami not just push you into signing a listing agreement with his or her firm.
Offer Seller Financing
This can work for some people who don’t need the cash tied up in their home right away. You can set up a “rent-to-own” structure.
Your tenant will “rent” the property from YOU with monthly payments being slightly higher than the average rent. Some of the money will go towards a down payment on the home. The “tenants” will then be given the option to buy the property outright after a pre-agreed time period (typically around 2 years).
Consider Your Other Options
If selling simply isn’t in the cards but you still need to move, there are other options. You could consider renting the house out as either a short or long term rental.
The concern here is that finding great tenants that are both reliable and want to stay long term is a challenge. Renters can be quite nomadic, and tenant turnover can add up significantly.
If you haven’t done this in the past, consider hiring a property manager to help you keep everything in order.