Comparing Your Selling Options For Your Omaha, Nebraska Real Estate
It is always smart to explore your selling options before selling your house fast in Omaha, Nebraska. In our latest post, find out what type of sale may be appropriate for you, a direct sale, an FSBO or hiring an agent is the way to go for you!
Many people think that the only way to sell their house successfully is to hire a real estate agent, list their house on the multiple listing service and wait around for a buyer. However, this is not the only way to sell. Many people are opting to sell on their own, either using an FSBO (for sale by owner) listing or selling to a direct local Omaha, Nebraska house buyer, thus eliminating repair costs and commissions saving the seller thousands of dollars. The best way to decide how to sell is to compare the financial aspects and time commitment required for each selling method. Take a look at some basic comparisons below!
A Direct Sale
A direct sale of your house in Omaha, Nebraska will help you sell your house quickly and efficiently. Working with Harter Investments will eliminate all selling costs like real estate commissions, closing costs, repair costs to get the house ready to sell, holding costs, etc. it will save you valuable time, let you plan ahead, and help you keep more cash in your pocket. You won’t need to spend any time or money on repairs to your house to get ready to sell, upgrades that may set your house apart from others in the neighborhood, hiring a cleaning crew and a staging company to make your house look fabulous. We will handle all of the paperwork and are able to pay you cash for your house right away. A traditional sale in Omaha, Nebraska, Lincoln, Nebraska or Council Bluffs, Iowa can take months all the time hoping the buyers will qualify for the loan, whereas selling directly to Harter Investments will take only a few days. We will work on your schedule to make the process as simple as possible for you. We can buy your house in Omaha, Nebraska fast, for cash and close on your terms.
Selling On Your Own
Selling your Omaha, Nebraska house on your own will require some real effort and a certain level of knowledge. It is wise to have some level of real estate knowledge under your belt so you can understand all laws, terms and be prepared for the negotiation process. You should understand the local market, neighborhood and be able to recognize a good offer. With a For Sale By Owner Listing, or an FSBO, you will need to handle all of the marketing on your own. This includes online listings, print materials, newspaper ads, open houses, and signage. This can run into thousands of dollars and you will want to spend your marketing budget to get your highest rate of return. You will also need to be able to answer questions and be available to show the property to potential buyers as requested. If you do find a potential buyer, you will need to ensure all of the paperwork and contracts are handled correctly. When choosing to dive into a for sale by owner listing, it is always smart to speak to a local real estate attorney to make sure everything is done the right way.
Hiring An Agent
Hiring a local Omaha, Nebraska agent is the choice for those who don’t mind some upfront costs. The expense you will incur will be the real estate commission that is paid to the real estate broker that is commonly 6 or 7 percent. If you sell your house for $180,00 a seven percent commission will be $12,600. Then you need to consider additional closing costs, expenses to make repairs the get your house ready to sell and place on the multiple listing service and don’t forget about the holding costs that occur while your house could potentially be on the market for six months or more. Holding costs include taxes, insurance, utilities and the day to day costs of maintenance. There are always costs after the sale, and you are at the mercy of the market as far as will your house sell next week, next month, in six months, eight months or a year, there is no set time in which a real estate agent needs to sell by. When you put your house on the MLS, you will likely depend on the real estate agent to suggest a price. It is extremely important that the real estate agent understand the market in the community and neighborhood where you are selling your house. The seller needs to do their due diligence to make sure the price of their Omaha, Nebraska house is competitive with others on the market. You should also consider hiring a professional cleaning company, staging company, making sure repairs are caught up and making any upgrades that could set you apart from other houses in the neighborhood you are selling the house. Once the house is listed, the agent will schedule showings which you shouldn’t be around for. It can make buyers feel uncomfortable, decreasing your chances for a sale. You will then need to wait to see if an offer comes in. This can happen in days, weeks, months, or sometimes not at all. If a buyer is found, you will have to go through the escrow process which involves inspections, appraisals, and any other red-tape from the lender. After an offer is accepted, it can be weeks before the property actually closes.
At Harter Investments, we want to help you make the decision that is in your best interest. Whether you decide to sell directly, on your own, or with an agent, make sure to fully explore all your options before choosing how to sell your home fast in Omaha, Nebraska.