Did you know? When it’s time to sell your home, you may be in for a few surprises, some of which are extremely expensive, depending on the choices you make about how you sell your home. When you list, on your own or with an agent, there are lender requirements to meet in order for buyers to qualify for loans, there are also a variety of issues which could lead you straight to court, facing legal ramifications for issues you may not even have been aware of. Along with all of this, comes the myriad of hassles and endless paperwork and deadlines for sellers. Ready to learn more? We’ll cover 5 things homeowners don’t know about selling a house in Murfreesboro TN.
Traditional Lack of Guarantee
When you are deciding on the method to sell your home, most sellers consider either a real estate agent or selling on their own. It’s important that you understand while listing by either method demands you to open your wallet, the more the better, to compete on the market. The problem with the traditional method is that there is no guarantee your home will ever sell and is one of the things homeowners don’t know about selling a house in Murfreesboro.
As an example, did you know most house sellers have to pay the buyer’s closing costs? It’s true on a $150,000 or even a $400,000 house. In today’s low-interest market, the buyers are trying to get as much house for the dollar as they possibly can but don’t have enough cash for the closing costs which can a whopping 2% to 4%! This is an article we have written that will explain in more detail the many charges and expenses in a buyer’s closing costs, “7 Costs to Expect with a Traditional House Sale in Nashville.”
Selling a home can be extremely emotional, memories of the home add a value that others can’t realize. It can also be quite frustrating after you’ve invested in updating your home only to hear an offer that is far below your asking price. Being in a constant state of readiness for the traditional showing process of selling a home can become an enormous burden and create additional emotional strain. Because even the pets should be removed at this time, there is stress on every living creature in the home. This is another one of the things homeowners don’t know about selling a house in Murfreesboro.
Despite the circumstances that influenced your decision to sell, especially should they be due to financial hardship, you will have to spend money to make money. Sadly, an inspection could reveal serious problems ( common severe problems in Middle Tennessee, “The Most Expensive Repairs Homeowners Face When Selling Their Homes in Nashville TN and How You Can Avoid Them“), and inspectors always find something needing repairing. Buyers tend to steer clear of homes that require major work, preferring ready to move in condition. Skipping the repairs on the traditional market means the property is likely to linger on the market. Those who are interested will expect you to drastically drop your asking price, also known as low balling, this is something else homeowners don’t know about selling a house in Murfreesboro.
Lack of Interest
Perhaps you set your original asking price too high, turning buyers away before ever opening the link to your listing. Or is your home lacking conformity with the surrounding properties and in need of major updating or even remodeling. After you have invested in repairs, staging, and staging and photography if you are selling your house, and successfully jumped through the hoops required to sell a home on today’s market, you could end up having absolutely no interest in your property. This is another thing homeowners don’t know about selling a house in Murfreesboro. If you are thinking I need to sell my house fast in Murfreesboro, TN then a professional home buyer might be your answer.
Did you know? There’s another option available that may be best for you, by working with a professional buyer like Southern Homes Investments you will avoid all of these expenses and many more! This is something homeowners don’t know about selling a house in Murfreesboro to professional buyers like Southern Homes Investments Nashville TN. Our mission at Southern Homes Investments is to help you make the best choice, depending on your unique circumstances. even if that means we suggest you work with a real estate agent. We at Southern Homes Investments stops to take the time to listen to you, answering any of your questions or concerns. Call 615-235-0612 today or send us a message to learn more! We buy houses Murfreesboro TN.
Disclaimer: David Wright is a licensed real estate agent in Tennessee and this article is not a solicitation to sell your house.