It’s important to be prepared if you’re thinking about selling your house in Miami. Ask yourself these questions before selling your property to ensure you are making the right decision about how to sell!
#1 – How Much Will The Repairs Cost?
Repairs costs on a property in Miami can escalate quickly. Even if it’s only small things like patching holes, fixing a faulty light in the bathroom, cleaning away damp, homeowners are often surprised by how many seemingly minor issues agents ask them to fix. Plus, repairs can often snowball, with one repair leading to another, and another, and so on.
And to make matters worse, if you decide to list with an agent, more often than not, making these repairs is non-negotiable. If there are a number of small repairs left undone, your potential buyers may question what else is wrong with the house.
With a direct sale to our Sunshine State Buyers, you won’t have to make any repairs. We buy AS-IS, saving you both time and money.
#2 – Can You Afford To Wait?
Owning a house costs money. Maintenance, repairs, utility bills, homeowners insurance, and property taxes can add up to a pretty penny, and that’s not even factoring in your mortgage costs if you have one.
Have you ever spent some time adding up absolutely everything you spend on your house per month? The result might be significantly higher than you first thought. Now multiply that amount by three, six, or nine months to get an idea of how much it costs just to hold onto your property while it’s listed.
Ask any real estate investor. They will tell you that you’ll want to move quickly once you decide to sell, which isn’t always possible via the agent-selling route with repairs, maintenance, cleaning staging, and photography to sort out.
#3 – What Is The True Value of Your Home?
Many people think they know roughly what their house is worth. But in reality, that number could be no closer to the real amount than randomly guessing.
Too often homeowners see a recent sale of a similar property and assume that their house will easily sell for the same price. This isn’t always the case. There are so many factors that determine the true value of your home, including repair work, demand for housing, and fluctuating interest rates.
#4 – Do You Know About The Costs You Will Incur Selling A House In Miami?
Besides the repairs and holding costs, home sellers face several other costs when working with a real estate agent in Miami.
Depending on the agency you sign with, you could end up paying for additional marketing, staging, professional cleaning, and landscaping services. Plus, there are commission fees and closing costs. Not all real estate firms are full-service. So if you do decide to list with an agent, make sure you find out exactly what’s covered. You don’t want to end up paying for upgraded advertisements three months down the line because your agent still hasn’t found a buyer.
#5 – Should You List, FSBO, or Sell Directly?
Once you know what your house is really worth, you can factor in your repair costs, holding costs, commissions, and all the other costs associated with selling a house in Miami. This is the best way to determine if traditional agent listing, FSBO listing, or a direct sale to a professional buyer such as us at Sunshine State Buyers will be right for you. Every property and situation is a little different, which is why it is always important to consider your unique situation and requirements before deciding how to sell!
The more information you have at your disposal, the easier it will be to make a decision. At Sunshine State Buyers, we want to make sure that you understand the costs and everything else that could be thrown your way if you decide to list the traditional way in Miami.
By having the information you need, options to consider, and a team by your side, you can trust, selling your house in Miami can be a profitable and stress-free process!