Many options are available when you want to sell a home quickly in Ohio. It is a fact that most people are not aware of the different ways to sell a home. Most of them approach a real estate agent to sell their homes.
While the agent can help them sell their home easily, there are heavy costs regarding the commission to be paid. If you want to get the best price for your home and avoid commission, go through this guide.
You will come to know of different ways in which you can sell your home. Choose the convenient one, fast, and helps you save money.
Different ways to sell your home
1) Sell to a company that buys for cash
Look for companies that buy houses if your requirement is a quick sale that earns you cash. These companies will buy homes from sellers and complete the process quickly. The entire process can get over in as fast as 14 days. You can save on time when you sell your house to companies. These companies can be iBuyers who are instant buyers.
They buy homes for cash, refurbish them, and sell them for profits. Some companies buy distressed homes and then sell them later. You must know you cannot get the market value. Depending on various factors, you may get anywhere from 50% to 100% of the price. Also, closing fees and other charges can be as high as 13% of the sale price.
2) Work with a real estate agent
Most sellers prefer to work with a real estate agent. This is because they are new to the real estate market and are unsure how it works. When you work with an agent, they would handle everything for you. They will list your home on the MLS (real estate directory), so you can get buyers.
The agent would then help you negotiate and close the sale. You can have a trouble-free experience selling through a real estate agent. The problem is this process takes time, and you cannot expect a quick sale. The biggest downside is that you may pay around 5 or 6% of the sale price as commission. This can be very expensive.
3) Sell it yourself
You can sell the house using a website that offers FSBO (For Sale By Owner). Best for sale by owner sites allow you to list your home on their website. They would share this listing with other websites. Usually, the listing is free. If you find a buyer, you must pay a commission for the listing. You can save money in the process.
The problem is FSBO does not list on MLS. Also, some websites have hidden charges. The biggest problem is this process is very tough if you are a first-time seller. You need to do marketing, negotiation, documentation, and closing yourself. This is best suited for experienced buyers.
4) Flat fee MLS
An Ohio MLS flat fee website would allow the FSBO sale of your house. The benefit is that they list your house on the MLS. This ensures you get more potential buyers to see the listing. Such websites charge a flat or fixed fee, which is very competitive. You can save a lot of money on commission.
These websites offer other services like negotiation, closing support, etc. If you need such services, you can opt for them. This is an ideal option to sell your house quickly. However, it is very important to choose the best website. Choosing the wrong website can make you pay money in hidden charges.
The Best Flat Fee MLS websites
The answer to the question of how to sell my house fast for cash is through Houzeo. This technology firm allows sellers to sell their homes quickly and conveniently. Houzeo is known for its great customer support. They have a customer rating of 4.9/5. Their use of technology makes the process of listing your home and managing the listing easy.
Houzeo charges a flat fee of $499 for the listing. Apart from MLS listing, your home will be listed on many other popular platforms like Redfin and Zillow. The biggest benefit is that you can save thousands of dollars on commission by working with Houzeo. They are professionals who offer various services that you can avail if interested.
2) Ohio Team Results Realty
This local flat fee MLS company charged anywhere from $299 to $999 for listing. The fee charged depends on the services you need. They don’t have credible reviews to arrive at a customer rating.
Their services are restricted to central Ohio. They offer various services that are useful to sellers. If you choose their full-service package, they offer all services and charge 1% of the sale price as their fee.
3) Ohio Property Group
This local company in Ohio charges a flat fee of $297 to $997. They have different packages with different features to choose from. You can choose any package depending on your requirements and the services you need.
There is no customer rating available for this company. There are no hidden fees, and they cover the entire Ohio. However, they do not offer support for basic packages.
4) Flat Fee Group
This company offers packages with a flat fee ranging from $299 to $999. There are few reviews of this company to arrive at a customer rating. Their packages give you the flexibility of choosing the services you need.
They do not have the benefit of technology to help you manage your listing. If you opt for the full-service package, you will need to pay 1% as a convenience fee.