It’s important to be prepared if you are thinking about selling your house in Nashville, TN. Ask yourself these questions before selling your property to ensure you are making the right decision about how to sell!
How Much Will The Repairs Cost?
When selling a house in Nashville, you will inevitably have some repairs to make. Whether it is only small things like patching holes, fix dripping faucets, replace a missing shingle, or larger repairs like refinishing your flooring and painting the whole house, the repair costs will add up faster than you may be prepared for. Repairs can often snowball, with one repair leading to another, and another, and so on.
If you decide to list, making the needed repairs is important so that your house appears in the best light to buyers. If there are a number of small repairs left undone or upgrades haven’t been completed, your potential buyers may question what else is wrong with the house. I might add, in our current real estate market in Smyrna, Nashville, and surrounding towns, buyers are picky. They expect perfection in houses with nothing left undone.
With a direct sale to Nashville, you won’t have to make any repairs. We buy as-is, saving you both time and money.
For a more detail look into how to sell a home needing repairs, please visit our article “How to Sell a Home That Needs Repairs.”
Can You Afford To Wait?
Owning a house costs money. Maintenance, repairs, utility bills, HOA fees, homeowners insurance, and property taxes can add up to a pretty penny, and that’s not even factoring in your mortgage costs if you have one. The longer you hold on to your unwanted property, the more it is costing you. Ask any real estate investor, and they will tell you that once you make the decision to sell, you’ll want to move quickly. The old term “time is money” is so true with real estate.
What Is The True Value of Your Home?
Many people have an uninformed number in their heads about what their house is actually worth. Maybe they will view a recent sale of a similar house and assume that their house will easily sell for the same price. Most of the time isn’t the case. Factors like repair work, demand for housing, location in town and in the neighborhood, and fluctuating interest rates can all have an effect on what your property is really worth. At Southern Homes Investments, we can help you get an accurate number so you can determine the best way to sell your house in Nashville.
Do You Know About All The Costs You Will Incur Selling A House In Nashville?
In addition to the repairs and holding costs, home sellers face a number of other costs when working with a real estate agent in Nashville. In many cases, homeowners will find themselves paying for additional marketing, staging, professional cleaning, and landscaping services. When a house doesn’t sell on the MLS right away, homeowners will often spend money on the property to make it more appealing to potential buyers.
But the real costs will hit you hard if you use a real estate agent. Not only will you have commissions to pay for both your agent but also the buyer’s agent. Secondly, closing costs as a seller can range from 1.5% to 2% or more. If your buyer is stretching to purchase your house, the buyer will ask you to pay their closing costs too which includes their mortgage fees, pre-paids, and paydown of points! Paying the buyer’s closing cost on a $200,000 home is about $5,000 to $7,000.
Should You List, FSBO, or Sell Directly?
Once you know what your house is really worth, you can factor in your repair costs, holding costs, commissions, and all the other costs associated with selling a house in Nashville. This is how you can determine if a direct sale to Southern Homes Investments, a traditional listing, or a For Sale By Owner (FSBO) Craigslist or Facebook posting will be right for you.
Every property and situation is a little different, which is why it is always important to consider your options before deciding how to sell! And if you need to sell your house fast, read our article “How to Sell Your Home Quickly.”
When it comes down to it, it’s important to be as informed as possible when deciding to sell your house in Nashville. At Southern Homes Investments, we want to make sure that you understand all of the details and costs that are involved with the sale of your home. By having the information you need, options to consider, and a team by your side you can trust, selling your house in Nashville can be a profitable and stress-free process! Get an offer from our team today to find out what selling directly will mean for you and your house in Nashville!
Selling your house in Nashville? We are here to help make the process more simple! Contact us today for more information! Do check us out on the web at www.SouthernHomesInvestments.com.
Disclaimer: David Wright is a licensed real estate agent in Tennessee and this article is not a solicitation to list your house.