Home owners living in Baltimore Maryland sell their homes for many reasons. Downsizing, upsizing, moving closer to a job, health reasons, debt problems and many more too numerous to mention. Many choose to list their homes using a real estate agent to help them. Their home is listed on the local Baltimore MD MLS system and their home is sold within a few months depending on the market and how well the home is priced and marketed.
Consumers also consider trying to sell their home by themselves. They do not want to wait for several months while they make repairs and improvements only to wait another few months while the home is listed on MLS. They may be moving and do not want to spend time commuting or have their home sit vacant for a long time. Some will be facing foreclosure, so if they can sell the home quickly they can avoid many foreclosure fees etc. The commission they pay the real estate agent is a large number and many people would like to avoid making this payment. These are some of the reasons many people living in the Baltimore area will attempt to sell their home on their own without the assistance of a real estate agent.
Preparing to Sell Your Home Yourself
In summary, home owners need to assess the market, realistically assess their home and decide what repairs and improvements are needed.
Your home needs to be priced based on the current market. Homes recently sold and on the market now should be considered. They should be in the same general neighborhood, have similar square footage and features. Make sure you look at details such as upgrades, condition of landscaping, finished family rooms, extra bedrooms, upgraded kitchens and bathrooms.
It can be difficult to assess your own home. You might ask a family member or a good friend to critically assess your home. You have a lot emotionally invested in your home and no one wants to hear what other people really think about their place. But this is exactly what buyers will be doing. They will look for reasons to make an offer that might be lower than you want to accept. For example, if the carpets need to be replaced, they will take your asking price and discount the price by the amount they feel it would take to replace all of the carpets.
Minor and major repairs are another area that home owners need to look at. Replacing a carpet would be considered a cosmetic upgrade. Replacing a leaking faucet is considered a minor repair. Dealing with a cracked and possibly leaking foundation falls into the major repair category. They all need to be considered when setting the price of a home.
Marketing Your Home
Once you set the price, your home needs to be marketed. Take advantage of all of the online social media systems. Craigslist, Facebook, Zillow and others to get your house seen on social media. Build a web site for your home and link to it from these social media engines. Have lots of high quality pictures that really show your home well.
Buyers are spending more and more time using social media to find a home. This is a far more efficient way of shopping for a home and you need to take advantage of this media.
Use a Professional Home Buying Company
For many homeowners, all of the above takes too much work and time. They are motivated to sell quickly and move on to whatever they may have planned. Another option that homeowners living in the Baltimore Maryland area have is to sell their home to a professional home buying company.
These companies will buy your home as is and close the deal within several weeks. There is no need to take photos, build a website, advertise on social media or list with a real estate agent. A home owner can save a great deal of money, especially the sales commission. Selling quickly also reduces the time you pay the mortgage, taxes, utility bills and maintenance costs.
As a result, many home owners are considering selling their home to a professional home buying company in the Baltimore area as a viable option.