Homeowners looking for a quick way to make a home sale without involving a real estate agent can sell their houses online. These days, you can buy and sell anything online, including properties. Read on to learn how to find potential buyers online with minimal hassle.
How To Sell Your House Online
Selling your home online isn’t the traditional way to sell a house. However, online home selling is becoming more popular as people realize the benefits of cutting out the realtor and listing a home as For Sale by Owner (FSBO). For example, when you sell your home online, you can enjoy a quicker closing date and avoid paying a real estate commission.
Multiple online tools allow you to speed up the sale process and sell a house fast in Plymouth.
Selling your house online does come with certain risks. For example, there is the risk of dealing with a scammer or forgetting to include certain paperwork, as you don’t have a real estate agent ensuring everything is on point. There is also the risk of devaluing your home and listing it at less than what it’s worth.
Steps for Selling Your House Online
Following all the steps in this list is essential if you want a smooth selling process and successful closing. This list will explain what first-time home sellers need to do to sell a house quickly.
Pricing Your Property
Your first step is figuring out how much to sell your home for. What is your home value? You don’t want to price it too low, as that will prevent you from getting what you truly deserve for your home. On the other hand, you don’t want to price it too high, or you will scare off potential buyers.
There are a few ways to price your home. One way is to ask a realtor to assess your home and pay them a small fee for their service. Another option is looking at online listings in your area and comparing homes of similar sizes in your location.
You can also use an online appraisal tool. Many free valuation tools will give you a reasonable estimate of your home’s value. Zillow has such a tool, but it’s worth using a few because each one may give you a slightly different result.
Online Sites To List Your Property
Once you’ve determined your desired sale price, it’s time to start listing your home. When you sell through a traditional real estate agent, they will list your home on the Multiple Listing Service, an online database brokers use to list and find houses.
You need to be a broker with the National Association of Realtors to use the MLS, but you can also pay a listing agent a one-time fee (usually a few hundred dollars) for them to list your home on the MLS database. That way, you can connect with buyer agents looking for houses for their clients without paying a full-service brokerage to market your home.
Even as an individual home seller, you can list your home on Zillow, Trulia, Craigslist, and other real estate websites. Social media can be an effective tool as well. For example, you can find buy-and-sell groups in your area on Facebook where cash buyers go to look for good home buying opportunities.
Selling to Home Buying Companies in Minnesota Online
If you don’t want to deal with the hassle of listing your home online, you can sell to companies that buy homes for cash. There are a few types of companies you can deal with.
iBuyers are national companies that operate in several markets and purchase homes for cash. Redfin, a popular listing site, used to run a iBuyer program but has recently shut it down due to rapidly-rising mortgage rates. It has also laid off more than 800 staff members.
It’s better to go with a local company specializing in buying homes for cash in your area. When you deal with a regular cash buyer, you have to worry about scammers and lowballers. You also have to deal with wannabe home flippers who are just getting into the home flipping business but don’t have the experience or funds to go through with a deal quickly.
Selling to a local home buying company is one of the best ways to sell a house. You don’t have to do renovations or repairs before selling your home, even if your home has suffered significant damage due to a storm or fire. If you inherited an old house and want to get it off your hands but don’t have the money to fix it, selling it for cash is a good option.
People who need cash quickly and don’t want to wait for several months should look for alternative ways to sell a house instead of relying on a real estate agent. When you sell through a broker, it could easily take many months.
Forget about the time it takes to declutter your home, improve its curb appeal, and make it suitable for the real estate market. You also have to wait until the buyer gets mortgage approval from the bank and ensure all the documents are in order.
When you sell to cash home buyers in Minnesota, on the other hand, you can skip a lot of steps, such as the home inspection.
Should You Hire an Agent?
There are certain benefits to hiring an agent. Agents have access to a broader network of buyers. They are skilled in marketing houses and can ensure you get the best possible sale price for your home. When you sell a house for cash, you might get a lower rate, especially if the house requires repairs, is facing foreclosure, or has some other issue that lowers its value.
However, a real estate agent typically charges a 5-8% commission. Besides, you will face additional closing costs, many of which you can avoid by selling your house online (FSBO) or selling to a cash buyer.
There are a few types of cash buyers you can sell to. Long-term real estate investors might want to buy your home for cash and turn it into a rental property, generating monthly rental income. Other real estate investors simply plan on selling the house when prices in the area go up. They target cheap homes – often fixer-uppers – in up-and-coming neighborhoods.
It’s critical to distinguish between listing your home as FSBO and selling to a cash buyer. In the former case, you may still have to pay a buyer agent’s commission of 1-3%. That’s because even though you are not using an agent, the buyer might be. Buyer agents might see your listing on Zillow and contact you directly.
However, when you sell to a cash buyer, you typically don’t have to pay a commission at all. Finding a cash home buyer who is not using a buyer agent isn’t always easy, but using a company that buys homes for cash allows you to avoid buyer agents altogether.
Provide Lots of Photos/Videos
If you are selling your home online, you must provide a lot of high-quality images. It’s a good idea to hire a professional photographer to take pictures of the interior and exterior. Make sure you have cleaned your home before taking any pictures.
A good photographer will know how to take pictures from angles that make your home look spacious, bright, and welcoming. Photographs and videos will help your home stand out on sites like Zillow and get more engagement from potential buyers.
If you use an agent, on the other hand, they will take care of the pictures for you.
Give Virtual Tours
It’s also a good idea to provide virtual tours to potential buyers.
You can publish prerecorded tours on your listings or send them to potential buyers who demonstrate an interest in your listings. Alternatively, you can take people on live virtual tours over video chat using an app like Skype or WhatsApp.
We buy houses Minneapolis home buyers will love, and we can help you sell your home quickly. While we can visit your home in person to assess its value and give you a fair cash offer, we can also schedule a virtual tour if you have limited time.
The best way to sell a house online is to sell to a company that purchases a home for cash. Start by filling out our online form, including essential information such as your phone number, email address, and property address.
We’ll then schedule a virtual or in-person tour so we can determine your home’s value. After that, we will provide you with a fair cash offer. We base our offer on market conditions, the state of your home, the location, and more.
Once you accept the offer, we will close on your schedule. We’ll close at a title company and take care of the paperwork to ensure the sale goes through as smoothly as possible and you get your money as fast as possible.