So now that you have decided to sell your home, the next step is to determine the best sales method for your circumstances and the home’s condition. So naturally, calling a real estate agent was likely the first option that came to your mind for selling. On second thought, however, for many owners, the idea of paying the hefty real estate commissions probably stopped you from picking up the phone, bringing us to the second option available to homeowners, selling their homes independently or as an FSBO.
So read on as we explore these three important things you should know before selling your house on your own in Rhode Island.
FSBO Final Sales Prices
Before selling your house on your own in Rhode Island, it’s worth noting that, on average, FSBO properties sell for around 26 percent less than those listed with an agent. If you’re trying to save money on selling your home by avoiding commissions, selling as an FSBO might not be the correct answer. You can save valuable time and money by selling directly to a local professional home buyer like those at I Buy Your House; we never charge commissions, and there are no hidden fees to come off your profits at closing. At I Buy Your House, our professional home buyers will detail how much you could sell by listing vs. what you’ll earn through a direct sale, so you can make an educated decision about what is best in your situation.
Another relevant fact you should know before selling your house on your own in Rhode Island is that according to the National Association of Realtors, around 90 percent of buyers turn to a real estate agent to find a home. So, unless you already have a buyer lined up among friends or family, you should be aware that only about 5 percent of buyers choose to purchase directly from the seller. The silence of waiting for a qualified buyer to arrive can be gut-wrenching when you’ve gone to so much effort and expense to sell your home. Working with a professional home buyer like those at I Buy Your House means you’ll have a guaranteed closing date, typically within weeks. If you’re not quite ready to move so soon, just talk to your direct buyer from I Buy Your House about what day works best for your upcoming move, and we’ll be happy to schedule the most convenient closing day for you.
Out-Of-Pocket Expenses Pre-Sale
A crucial thing you should know before selling your house on your own in Rhode Island is that the same industry standards for listings must be utilized with an FSBO for your listing to stand out against the competition. Real estate agents heavily employ technology in their marketing tools to meet the digital online marketplace’s demands, including professional high-quality digital photographers and 360-degree videographers. They also employ the sales strategy of staging; these marketing strategies all come at the seller’s expense. You could skip the marketing, prep work, showings, and even the repairs, saving yourself even more time, effort, and out-of-pocket costs by selling directly to a professional home buyer like those at I Buy Your House; we buy homes as-is for cash.
The third option to sell your home is through a direct sale to a professional home buyer at I Buy Your House, which is an essential thing you should know before selling your house on your own in Rhode Island. If you have concerns about the process or believe there are hurdles standing in the way of selling your home, talk to one of the professional home buyers at I Buy Your House today, with no obligation and find out how we can help you. Call I Buy Your House at 401-537-1327.