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.