Finding your dream home is hard; finding the cash to buy it can seem even harder.
If you’re serious about raising the cash you need for your dream home, you need to maximize the money you make off the sale of your current home. You can do this by getting the best price for your current property while keeping selling costs to a minimum.
Tip 1: Don’t sink all your money into repairs.
If your home isn’t move-in ready right now, repairs and upgrades can quickly eat into your potential profit. Basic repairs are necessary if you’re going to list your home on the market. If your local market is competitive, some upgrades may be necessary too. Unfortunately, many common upgrades do not have a good ROI. When you’re facing a lot of repairs and upgrades, you may want to sell your house for cash, as-is.
Tip 2: Don’t pay commission.
Real estate commission is usually about 5-6% of the selling price of the home. So, if your home sells for $250,000, you’ll be losing about $12,500-$15,000 to commission. This is a huge chunk of money. If you want to fund your dream home, it’s hard to stomach handing over all that money. Why not sell your house commission-free?
Tip 3: Don’t pay any other fees or closing costs.
Again—why reduce your profit more than you have to? When you sell your house for cash rather than listing it on the market, you can avoid paying extra fees and closing costs.
Tip 4: Don’t let the market change.
Right now, we’re still in a situation where real estate inventory is low and demand is high. This means that home values are up. Now is a great time to sell your house for cash to buy your dream home.
Once you’re in your dream home, you can continue to use home price appreciation to your benefit. Real estate continues to be a smart investment, and it’s never a bad idea to invest in your own happiness by living somewhere you love.
Tip 5: Don’t lose money on a slow sale.
When it comes to getting your dream home, you need to move fast. In this specific situation, listing your home on the market usually won’t be fast enough. The whole process of decluttering, cleaning, making repairs, doing upgrades, taking photos, doing marketing, and waiting for the right buyer can take several months. Sometimes, you’ll get near the end of the process and the deal will fall through, requiring you to find a new buyer.
You can sell your house for cash instead and bypass the entire process. You’ll be in your dream home months sooner.
Bottom line: don’t waste your time, money, or effort by selling on the market.
If you want to maximize the money you have available for your dream home, you need to sell your house for cash with no repairs/upgrades, no commission, no other fees, and no wasted time. No matter the condition of your home, you can make your dream a reality by selling to MarketPro Homebuyers.
Work with MarketPro
We’ll give you a fast cash offer for your current home just as it is now; no repairs, no upgrades, no inspection, no commissions or fees. You can even choose your exact closing date to coordinate perfectly with the purchase of your dream home. Our team will walk you through your quote, including a review of what your home would likely bring on the open market.
If you’re in Washington, D.C., Maryland, Virginia, or Pennsylvania, we’d love to show you how easy and stress-free the sales process can be. Contact us today for a same-day, no-pressure quote.