How To Sell A House Without Spending A Dime in Omaha
Sometimes the costs when selling a house can really add up. Once you factor everything in, a traditional sale with a local Omaha real estate agent may not be worth it after you consider a 6 or 7% commission to the real estate agent, closings costs, broker fees, costs associated with fixing your property to get it ready to and holding costs that add up while your house is for sale. In our latest post, you can learn how to sell a house fast in Omaha, Nebraska without spending any money mentioned above saving you thousands of dollars.
As a homeowner, you have likely considered what selling your house might mean for you. However, many homeowners avoid selling because they are worried about the thousands of dollars in costs, the amount of wasted time, or hurdles they will face when working with a real estate agent in Omaha. Before we discuss how to sell your house fast in Omaha without spending any money, lets first take a look at some of the costs home sellers may face when working with a Omaha real estate agent.
Typical Selling Costs
Repairs
Before a house goes on the Omaha Multiple Listing Service, there will likely be some repairs that will need to be made to the house before selling. Even the cost of small repairs can add up quickly once you break it all down. Repairing walls and fixing leaky pipes can all lead to more repairs and more money out the door. Make repairs wisely and be sure to properly disclose anything you don’t plan to fix. You should also consider repair requests that may be made after the potential buyer has completed their inspection phase. If the house isn’t appraising high enough for the lenders liking, you might need to spend money increasing the value of the home. Having all the necessary repairs done before you list your house on the market will help your house sell faster and get top dollar for your house.
Upgrades
Often times, homeowners will make upgrades to their property in order to keep their property competitive with other homes on the market so the property will not get looked over. While some upgrades can add value, there aren’t any guarantees. Some upgrades don’t add enough value to the property to be worth it. If you would like to have your property stand out consider adding an upgrade that no other house has in the neighborhood. At best it may pay for itself. More importantly, it should help you sell your home quickly with an upgrade that makes your home stand out from any other house on the block.
Marketing
Marketing can include many things including professional photography, drone services, premium listing placement, listings outside of what your agent provides, print materials, and much more. While some things are included in a typical listing agreement, others are not. To sell the property as quickly as possible, you may find yourself shelling out a little extra to make sure your property gets seen. Just make sure the things you are spending money on upfront make sense in the long run. You may want to consider a professional photographer and videographer to take pictures and video of your home. A large percentage of individuals searching for a house start out looking on the internet. So professional pictures and video are very important giving potential buyers a positive first impression.
Listing + Agent Fees
While some agents are full service, never charging you a dime aside from commission… others are not. You may find yourself looking at separate fees for administrative costs, marketing expenses, or open house fees. Most agents won’t require to be reimbursed for these things, however, if you are looking for top of the line services, you may find yourself paying a bit extra.
Commissions
The real estate agents commissions will amount to about 6% or 7% of the final sale price on average. This is a hefty amount to part with, so if you decide to list your house in Omaha, Lincoln or Council Bluffs, make sure your real estate agent is worth their fee! In some cases, you will be able to negotiate the commission rate or find an agent who offers limited service for a flat fee. Paying a full price commissioned real estate agent will get you full service from guidance, marketing, basically everything associated with selling your house.
Closing Costs
Closing costs cover things such as a title search, surveys, and loan payoffs. While buyers will pay the majority of the closing costs a seller can expect to pay anywhere from 1-3% of the final sale price in closing costs. When you work with a professional home buyer in Omaha such as Harter Investments to sell your house, the closing costs can be avoided. That’s right, you will pay no closing costs.
Holding Costs
Plain and simple, it costs money to own a house. If the house is on the market for a while, you could be looking at a small fortune spent on things such as utility bills, homeowners insurance, property taxes, maintenance, landscaping, and a mortgage if applicable. When you sell your house quickly in Omaha or Council Bluffs, it can equate to thousands in savings for things you would otherwise be spending money on if your home is sitting on the MLS.
How To Sell It
Sell As-Is
Selling your house as-is will save you a fortune. No real estate commissions, closing costs, broker fees, repair costs or holding costs as long as you are able to get the property in front of the right local cash home buyers in Omaha. Focus on showing the home’s potential, even including a cost analysis showing an estimate of what the improvements will cost. You’ll want to make sure local house investors and cash home buyers in Omaha know the numbers so they can understand what the house is really worth.
List It
A successful listing will require many of the costs listed above. Save money by choosing a full-service local real estate agent in Council Bluffs so there are no surprises. If you choose to sell without making repairs, consider offering credit for buyers to renovate as they see fit. Remember if you are going to go to the expense of using a full-service real estate agent you should consider getting your house in the best condition as possible to sell. First impressions with not only help your house sell faster but your odds of getting top dollar for your home will also increase.
Sell To A Professional Buyer
Working with a local professional cash home buyer in Omaha such as the team at Harter Investments will allow you to sell your house quickly in Omaha and for a great price. We’ll work with you to make the process as simple as possible, making sure you don’t ever have to spend a dime.
