Many people say that selling your home can be more stressful than many other major life events. Additional strain is added when you’re under duress and need to sell quickly. When you sell your house in California, we’ll help you explore your options.
Exploring All of Your Options When Selling Your House in California
Listing Agent
The traditional way to sell your house in California is through a real estate agent. In addition to other possible commissions, they or their broker may charge, agents receive a percentage of the sale price. In this demand-driven market, market conditions can affect your asking price.
As you wait for the right buyer, you’ll have to make updates and repairs in preparation for showings. In addition to requiring an inspection of the house, they may require repairs before closing. After meeting the qualifications from banks and waiting for mortgage underwriting and property inspection, you may still find out that the buyer does not qualify for the mortgage.
Cash Offers
Since professional buyers usually offer cash, you can expect a quick closing on your California home. As-is sales save you time and money because the process is sped up even more. Additionally, you would no longer be liable for legal disclosures.
They usually pay the closing costs, take higher risks, and offer faster cash sales. Because of this, their offers are usually lower than those of FSBOs or MLS listings. You should be aware that there are some buyers who are less than honest, so it is prudent to research your buyer carefully before you choose them. We at MCB Homes Inc. make fair and well-thought-out offers to homeowners.
For Sale By Owner
It may sound appealing to sell your California house on your own since you are in control. Fees are charged by professionals, such as real estate agents and auctioneers, reducing your profits. If you have experience in dealing with legal issues related to real estate advertisements and transactions, you can save a great deal of money on the deal. You can, however, make a huge mistake on either the advertising or how you deal with every aspect of your sale.
Short Sale
You may be able to negotiate a short sale with your lender depending on the circumstances. Due to the slow pace of this process, the lender has agreed to allow the sale for less than the remaining debt on the loan.
Auction
One of the advantages of auctions is not having to show your house. Additionally, these properties close quickly and sell as-is, so you won’t have to continually spend time and money on repairs and upkeep of your house in California.
It is usually a fairly high 10 percent fee for their service. Due to the fact that most auctions charge their fees to the buyer, lower bids are likely to be made in an attempt to lower the fees. Before hiring, find out if you will be responsible for their fee, which detracts from your bottom line. An auction sale isn’t guaranteed, as there would be low attendance or a lot of properties available at once, which would result in lower bids.
This information we just shared applies to many Cities in Northern California such as Turlock, Modesto, Sacramento, and Stockton.
It would be our pleasure to explore all of the options for getting started now on selling your house in California. To learn more, call or email MCB Homes Inc. today at (209) 400-6500!