Sell Your House in Grand Rapids

When you are ready to sell your house in the Grand Rapids area, there are many options open to you. You first need to dsecide how urgent it is to sell your house, how quickly you need to sell it, and what the approximate value of your home is. Let’s cover several of the possible options you will have when selling your house in the Grand Rapids area.

First you will need to determine if your mortgage balance is low enough to sell your house. If your balance is too high, and you are no longer to pay your mortgage, then you may qualify for a short sale. This is where the bank agrees to take less than you owe, so you can sell without bringing money to closing.

If we have determined that your mortgage balance is low enough, or perhaps there is no mortgage, then several other options open up to you.

• Sell the property “by owner”
• List the property with an agent
• Get a cash offer from an investment company

Each of the above points has an upside and downside. Let’s cover some of the details.

For Sale By Owner
The main advantage of selling your house yourself is that it will save you the commission you will pay if a Realtor sells your house for you. If you have the time to market and set up the showings, then this could actually pay off. I do know several people that have been successful selling their house themselves in the Grand Rapids area, but they did put some effort in to it.

So when selling a house yourself, here are the pros and cons:

PROS

• No commission owed to listing agent
• Possibly no commission paid to a buyer’s agent (unless you allow a buyer’s agent to show your property)

• Possible marketing advantage because some buyers will think they can get a better deal straight from the owner

CONS:

• You will have to pay for all of your own marketing
• You will have to take your own time to market and post ads
• You will have to take all the phone calls
• You will have to show the house and handle the contracts

Listing your home for sale with a Realtor
There are a few advantages to listing with a Realtor, as well as a few potential downsides. A good Realtor will have good networking with buyers agents, they will pay ALL marketing costs, even if they don’t sell it, and they will handle the phone calls and showings. The downside of course is that you will have to pay if your home is sold.

PROS:

• Less work for you
• Doesn’t cost you unless it is sold (In most cases)
• Will be listed on MLS
• Realtor will pay to market, even if they don’t sell it
• Realtor will have buyer leads and network with other Realtors
• Average listed home sells for more and faster than “for sal by owner”

CONS:

• You will have to pay a commission upon sale of your home

Get a FAST cash offer
There are many companies that invest in real estate, and will write you a cash offer on your home. SOme of these companies are great, but beware of companies that will tie up your home and never come up with the cash to close. It is important to work with a reputable company. The best part of working with a good company is that you can often times get an offer within days, and close in less than 30 days! Of course you can expect the offer to be less than you could get if you hold out for top price. To make a cash deal worth considering, having a fast sale will need to be important to you.

PROS:

• Very fast offer
• Quick closings
• Can help you close before a foreclosure, or other problem

CONS:

• Some companies don’t follow through
• The offer will be less than if you hold out longer

So now you have read through the options, and are trying to decide what to do. Here at the Razmus Team, we offer 2 of the 3 options listed above. We can provide you with a full report showing how much we believe we can sell your home for within 60 to 90 days, and we can provide you with a cash offer within 24 hours. This allows you to make an educated decision, and you can even hold the cash offer as a backup if your situation changes.

If you would like us to evaluate your home. please fill out our form.

FILL OUT THE FORM HERE, WE WILL CONTACT YOU QUICKLY.

One Response to “Sell Your House”

1. Taquila Payne Says:
   February 22nd, 2009 at 6:02 pm

   I am an active wholesaler in Muskegon, MI and can get you 4-6 deals in Muskegon a month. I see you are cash buyers! My homes are well below 150k and require a non refundable deposit. Please call or email me anytime 231-638-1421

Leave a Reply