September 18, 2019
Pro Source Home Buyers

What You Need to Know About Selling By Owner in Chattanooga

Are you trying to sell your home by owner and wondering if you are actually going to be able to do it? Well, of course you’ll be able to...at least, eventually. While there are a lot of benefits to selling your home by owner, there are also a lot of things that make this process tough.

Are you trying to sell your home by owner and wondering if you are actually going to be able to do it? Well, of course you’ll be able to...at least, eventually. While there are a lot of benefits to selling your home by owner, there are also a lot of things that make this process tough.

Repairs/Renovations

In order to make your home look appealing to potential buyers, you are going to need to fix the place up. This means repairing that leaky old shower head or renovating the ugly old kitchen. These repairs help make your home appear pleasing to a buyer so that they’d actually want to live in it. A buyer doesn’t want to buy a project, but a place that they can move into and call it home immediately.

Unfortunately, these minor repairs or renovations are not going to add value to your home. They are simply going to help you attract more buyers.

Listing/Marketing sources

Selling a home on your own versus hiring a realtor has one main difference. With a realtor, the buying market is in the realtor's hands, not yours. They will have all of the marketing resources and the listing places. They know of the interested buyers and they can show them your home. Instead, if you are selling your home on your own, then you are likely going to have a hard time getting your home in front of people. This can make it harder to sell, and it can take longer than you anticipate.

Finding a qualified buyer

You’ll need to be careful when selling your home. Many of the people looking at your home may not even qualify to buy your home. Most buyers who are working with agents will only be there if they know that they can qualify for the home. This can make selling your home on your own a huge mess. If a buyer decides they want to buy your home, but they don’t qualify for it, the home sale will fall through at the last minute. This leaves you with wasted time and you’ll be back at square one.

Time

After considering all of these things, you are probably realizing that selling your home by owner takes a lot of time and patience. Even if you do find an interested buyer, they may back out at the end or not qualify, which means you just wasted another month. It can take up to six to twelve months to sell your home by owner and it can cost a lot of money to fix it up.

If you are worried about all of these factors, or simply just need to sell your home fast, call Pro Source Home Buyers at 865-268-4537. We will purchase your house as is so that you don't need to put any more money into a place that you don’t want to live in anymore.

See More Articles
February 8, 2024

Timing Your Home Sale: Strategy and Market Insights

Comprehending real estate cycles is crucial for homeowners considering selling their properties. These cycles dictate the fluctuating demand within the market, often influencing the optimal times for selling. In the Southeast, seasonal trends commonly affect buyer behavior, with specific times of the year displaying increased market activity. The local market conditions, such as employment rates, new infrastructure, and social trends, also play an integral role in affecting property values and sale timelines. For homeowners in the Southeast, it becomes imperative to assess these cycles when planning to list their homes.
Read Post
Pro Source Home Buyers
January 27, 2024

Practical Tips for a Swift and Secure Closing Process

Closing on a house can be one of the most crucial steps in the home-buying process. It involves a lot of paperwork, legal formalities, and careful coordination. For many, this phase can feel daunting due to its complexity and the importance of getting everything right. To make this process smoother and more secure, it's essential to have a set of practical tips and strategies at hand.
Read Post
Pro Source Home Buyers

Get Your FREE Offer.

Same Day, No Obligations, Just Options.