Do you want to sell your home in DC? Don’t want to list with a realtor?
Many homeowners face the same problem and aren’t aware there are more options available to them. Thats why we want to share some possible alternatives to listing your home in DC.
Keep reading to learn more about what’s available for you!
Selling your house can be a daunting task. The listing process often becomes expensive and complicated, contrary to what most homeowners think. There are repairs to make, cleaning to maintain, open houses, showings, bills, and many other hurdles to clear all while you are trying to move!
The good news is there are other options when it comes to selling. Consider some of these alternatives to listing your home in DC.
Rent To Own
Setting up your house in a rent to own structure is a great way to get the property in front of more potential buyers. It’s also a way to guarantee you will get full retail value for the home, sometimes more. There are MANY people looking to buy a house in DC, but they’ve failed to qualify for a traditional mortgage due to a minor blemish on their credit from years ago, they are short on a down payment, or they have another mortgage on a different property.
These are great people, who will likely pay a higher than average rent in exchange for the chance at home ownership. To get started, the buyer will pay you an agreed upon “lump-sum payment up-front. This acts as a deposit should they fail to hold up their end of the deal. The buyer will also pay you a higher than average rent, with a portion of the rent going toward their down-payment.
At the end of a year or two, the buyer must purchase the home outright. There are many ways you can set this up. Choose the terms that work for you!
Hold As a Rental Property
Have you ever pictured yourself as a landlord? In some situations, it can be a lot of work. While other times, and with careful screening, you can find great, low-maintenance tenants. Many people who aren’t able to sell the traditional way, will instead opt to rent their home out.
If it seems like too much work, you can always hire a property management company to help you with routine maintenance and rent collection. Many people find owning a rental property is an excellent way to secure extra income.
Selling to A Direct Buyer or Investor
When you choose to sell your home directly, you will likely save many out of pocket costs you encounter when listing. You won’t need to pay a listing agent, make repairs or clean up. With a direct sale to an investor, the process typically runs much more quickly. Direct buyers are often paying in cash, so they are able to close without relying on bank funding.
When you sell your house directly, make sure to read the fine print and that the terms are agreeable to you. When selling on your own, you will not have a professional to help guide you. Not all home buyers are the same!
Many people are turning to auction services to sell their DC homes. Choose a site or person who will generate buzz about your property using excellent marketing. The goal here is to draw attention to your home and encourage buyers to outbid one another.
An auction is great for people who want to want to sell and have a definitive date. By selling quickly, you can potentially save thousands as opposed to listing your home.
Factor in your mortgage payment, homeowners insurance, property taxes, repairs and general depreciation, and you’ll see that holding on to a home, that isn’t income generating, is only costing you money.