Selling options
listing with agent
Pros:
- Maximum Market Exposure: Listing with a realtor ensures your property reaches the broadest audience, increasing your chances of receiving competitive offers.
- Higher Sale Price Potential: With the right marketing, staging, and negotiation, you can often get the highest price possible for your home.
- Professional Guidance: Realtors handle the paperwork, negotiations, and market strategy, giving you expert support throughout the selling process.
- Time-Consuming: Selling with a realtor can take weeks or months, depending on the market and buyer interest.
- Cost of Repairs and Staging: To attract higher offers, you might need to invest in repairs, staging, and improvements, which could be costly upfront.
- Commissions and Fees: You’ll typically pay 5-6% of the sale price in agent commissions, plus closing costs and other potential fees.
- Uncertainty of Sale: There’s always the risk of buyers backing out due to financing or contingencies, which could delay the process or cause deals to fall through
Cash offer
Pros:
- Speed of Sale: Cash offers typically close within days, making it the fastest option available if you need quick access to funds.
- No Repairs Needed: Cash buyers purchase homes “as-is,” meaning you won’t need to invest in repairs or improvements.
- No Fees or Commissions: You won’t have to pay agent commissions, closing costs, or other hidden fees. What you’re offered is what you’ll receive.
- Certainty: There’s no risk of the deal falling through because of financing issues, as cash offers don’t rely on mortgage approvals.
- Lower Offer Price: Cash buyers often expect a discount for the convenience and speed of the transaction. You might get less than market value compared to selling traditionally.
- Limited Market Exposure: You’re selling directly to one buyer and not exposing your property to the entire market, which could limit higher offers.
- Lower Negotiation Power: Cash offer transactions are often streamlined with little room for negotiation.
Rent
Pros:
- Regular Income: Renting your home can provide a consistent monthly income stream, which could be more profitable in the long run than a one-time sale.
- Property Appreciation: You can benefit from the property’s value increasing over time while still earning rental income.
- Retain Ownership: You get to keep your property as an investment, offering long-term flexibility if the market improves or if you decide to sell later.
- Landlord Responsibilities: Being a landlord requires managing tenants, handling repairs, and addressing legal and financial obligations, which can be time-consuming and stressful.
- Vacancies: There’s always the risk of your property sitting vacant, leading to a loss of rental income. During this time you are still responsible for the mortgage payments.
- Maintenance Costs: Over time, you’ll still need to pay for maintenance, property management, taxes, and insurance.
- Delayed Profit: You won’t receive a lump sum of cash like you would from selling, and it may take years to break even or profit significantly.
But Why
homesworth?
Experienced.
With a deep understanding of the real estate market, Homesworth is built to address the needs and concerns of today’s homeowners. We listen first, then act, providing solutions tailored to your goals.
Supportive.
Our customer service team is here for you from start to finish, providing real-time updates and answering questions with no sales pressure. You’ll have a direct line to dedicated professionals ready to assist.
Reliable.
Unlike other companies that make quick offers only to change terms later, our underwriting process ensures the offer you receive is solid and designed to close without surprises
Ready to Take the Next Step?
We’re here to help you find the best solution for your property