Take A Comprehensive Approach

Sure you can list with a realtor to sell your house—they’re going to take a cut of the total sale for their trouble, and it’ll usually be several tens of thousands of dollars, depending on the value of your home. Generally you’ll find realtors take anywhere from 1% to 10% of your home’s value for their trouble. The more valuable your home, the smaller the percentage.

If you’ve got a $25,000,000 property, 1% is $250k. If the realtor demands more, you can move on and he’ll likely cave—a chunk of change like that is worth a discount. However if your home’s $100k, the realtor’s got a family to feed. Expect a variance of between 1% and 10%. Also, it’s definitely worth the cost; especially if you can sell with proper speed.

Additionally, when you list your home with a realtor, you open up the selling possibilities. If you get two or three interested parties, you can choose the best offer. This is an ideal situation much more likely if you list through a realtor.

Alternative Strategies

Still, going about it on your own isn’t to be neglected. While you’re listed with a realtor, there’s no problem in you keeping your ear to the ground for individuals or family units looking for the kind of property you have. You can take out your own listings as well, if that suits you.

You might check in with developments in town. For example, if you live in a declining part of town, and your home was an asset from a previous generation, you may still profit if you sell it at a bottom-dollar rate. The Chamber of Commerce generally keeps information pertaining to city planning; you might check to see who’s doing what where, and if it has any relation to your property.

Online listings through groups like craigslist can work, but be advised, that’s downright ridiculous. People have done crazier things, you’ve got this resource open to you. And if you want to sell your home quickly, you might as well use all the tools available at your disposal. Still, a Craigslist client had better pay in cash, and who pays for a home in cash?

Really Thinking Outside The Box

Thinking Outside The Box

Another tactic may involve a sort of “rent to own” approach. In this scenario, you rent out a room or a section of your home to a reliable tenant who has long-term plans to stay in that area. When you decide to move, you turn rental into payments to you against the total price of the property itself. You’re acting like a banker managing a mortgage, essentially.

This can be dangerous depending on your tenants, and it may or may not be legal depending on the state you’re in. However, it’s an option if you’re desperate, and will continuously put money in your pocket. If the tenant defaults on you, you can always evict them. This is a difficult situation to be in, however, and may end up putting you in court; be careful.

When approaching situations like these, seeking consultation from attorneys can help you cover your bases so that you can fully maximize available resources. That said, it’s generally more advisable to simply use established avenues like this one, where you can list your house everywhere.

Using The Right Tactics

Right Tactics

With the web, you don’t necessarily have to restrict yourself to only your local market. Plenty of families are moving these days, and there are listing options that can widen up homebuyers who have access to your property’s online profile.

The key in selling your home quickly is to think outside the box. Whether you personally find a buyer from within your local community, seek advice from a local agent, list online, list on some fringe site, or conduct your own sort of landlord activities incrementally putting money in your pocket, you’ve got options. Maybe some combination of these works for you best. 

These strategies have pros and cons, and different ones will appeal to different homeowners. Do your homework, know the value of your property, and at the very least monitor the process rather than strictly leaving it in the hands of an exterior group. Do that, and get good advice from the right people.