That’s a question we receive a lot. How can I sell a house without spending a lot of money?
The truth is, you have to spend some money before you can sell your house.That’s a big problem if the house was constructed years ago and hasn’t been updated in a while. You will need to pay for expensive repairs either now or when you’re negotiating with potential buyers.
So the question is: how do you sell a house without any cost? We will discover a few tips here.
How to Sell Your House Without Spending Money?
Hire Quality Contractors for Your Home Renovation
One overlooked challenge is finding trustworthy contractors to actually do the work. We have heard of several horror stories where the contractors don’t finish the work after accepting the contract or even after taking the payment. Poor work only costs more money. A project is saved when the work is done in a timely fashion.
We recently worked with a seller who paid to fix a roof three times. Despite the work, the roof kept leaking while ruining the walls and the flooring. That’s just a nightmare for any homeowner. It adds to the stress and drains your bank account.
There is another option, however, to sell your house without waiting. You won’t be paying out-of-pocket upfront expenses that deplete the profits. Bonus: There are no showings, so there is no need to worry about keeping everything spotless or vacating the premises! Sound interesting? Then, read on as we explore how to sell your house without any costs in Lawton.
Commissions
The first thing that comes to mind when considering hiring an agent is the high commissions. Many consider tackling the job to save money; this is faulty thinking. FSBOs sell for around 26 percent less than the average listing, negating any savings. You can avoid all the commissions by working with a cash buyer.
When you sell directly, there are no hidden fees to surprise you. At DHS Realty Group, our contracts are straightforward. When we work together, our offer is for the amount of cash you’ll receive at closing.
Preparing to Sell Your House
So today, buyers expect a house to be in move-in condition. It’s not a realistic expectation, but it’s very common with potential buyers. You will need to add at least a fresh coat of paint and some cosmetic touches to make the house more appealing. If the house requires repairs, you will need to undertake the work and ensure the house passes the inspection test.
Once repairs are done, you will need to sit back and wait for the offers to come. That also adds to the list of expenses. Most people think that commissions are expensive or replacing the roof is an outrageous cost. You will be surprised that holding the home costs you money. Staging the home can cost anywhere from $1,000 to $4,000, depending on the scope of the project. You need to maintain the house. The utility bills and mortgage payments keep coming. When you’re counting the expenses, set aside some budget for holding your home for 3–6 months. 90–180 days is the norm if you sell your house in the retail market.
Closing
Buyers often request sellers pay part or all of their closing costs, in addition to the 2 to 4 percent in fees and taxes the seller will already be paying. That’s a lot of money. After repairs, you end up spending 8%–10% of the sales price.
Temporary Housing
You might have to shift into a rental home or temporary housing as soon as the house is sold. It all depends on the timeline. In a traditional sale, you don’t have control over the timeline. The buyer can contact you tomorrow or after 3 months. When the sale happens, you will need to move out.
You can skip all these expenses by opting for a cash offer. Want to sell your house fast without any costs in Lawton?
Then the answer is to work with a professional in Lawton. We buy houses in Oklahoma and would love to help you avoid all these expenses.
A Direct Sale Helps You Save Money
Real estate commissions are due when you market on the MLS. You seek expert help to sell your house. There are no such fees when you sell directly to the end buyer. You don’t have to pay a finder’s fee. That’s what happens at DHS Realty Group. We buy houses directly. That means you don’t have to pay the commissions. That’s a relief! You will save on 6% commissions.
We also propose to buy your home in as-is condition. Repairing the home is okay if you’re planning to live in it. You’re selling it. So why spend thousands of dollars on preparing your home? It can be so difficult to figure out the right paint color and kitchen style. You don’t want things to go wrong. Hiring contractors and pulling out building permits is just time-consuming.
However, you can eliminate all these costs if you sell it as-is. Just sell the home directly to DHS Realty Group and be done with the process.
DHS Realty Group is a friendly, real estate solutions firm based in Lawton. We love helping homeowners like you. Our team proposes an easy selling plan so you can move forward with life. We can help you save time and money. There’s never any pressure to sell; we take the time to ensure you understand the process and our offer entirely. Contact us today to start your journey.