Most people believe there is only one way to sell a home – list it on market and pay a 6% fee to a real estate agent. Unknown to many, there are indeed other options and one of the few things you can control is the method you use to sell, which in turn can reflect how much profit you receive on your sale. Continue to read on as we explore three non-traditional and potentially beneficial ways to sell your house in Venice.
All Cash
Long gone are the days where all cash offers are uncommon and only used by investors. In 2021 cash offers skyrocketed, increasing by over 50%, according to floridarealtors.org. Accepting only cash offers is one non-traditional and beneficial way to sell your house in Venice. This will decrease your pool of buyers, but will help ensure you are only dealing with serious buyers. This route favors Sellers because of the ability to bypass lenders and the strict rules they often impose on borrowers, as well as the uncertainty of whether the lender will approve the loan. Unfortunately, even with a serious buyer, if a financing contingency is involved there is a chance of the deal falling through. If you’re interested in cash offers, Maio Strand Property Group can help! If your home is in need of repairs you may also want to consider selling the property as-is for cash; working with a direct buyer like the professionals at Maio Strand Property Group means you won’t need to spend any money out of pocket to make repairs before the sale. You’ll know the offer is fair because at Maio Strand Property Group, we detail what you’d earn through a conventional sale so you can compare for yourself and make sure the deal makes sense for you.
Rent-to-Own
Next up on our non-traditional and potentially beneficial ways to sell your Venice home is a rent-to-own agreement. In this situation, you rent your home to a potential buyer, with the option for the renter to buy after a stated amount of time. You collect monthly rent – enough to cover your mortage and generally additional payments to be reduced from the future sale price – and relax until it is time to sell your home. Wondering how to arrange a rent-to-own agreement? At Maio Strand Property Group we have buyers ready to put down their sizeable initial deposit and create monthly cash flow for you. These agreements are typically for two years, and your buyers can walk away from the contract, or you can stipulate that their breaking the contract will result in legal action. Ready to learn more? If you’re interested in rent-to-own agreements, Maio Strand Property Group can help!
For Sale By Owner
Last on our list of unconventional and beneficial ways to sell your house in Venice is the for sale by owner method, known commonly as FSBO. Homeowners take on the role of real estate agent, selling their home themselves, generally with the goal of avoiding paying a fee to real estate agents. unfortunately, often FSBO sellers don’t have the network or ability to find a qualified and willing buyer, resulting in increased days on the market and potentially reduced sale prices. In addition, without understanding legalities, they may end up in court over disclosure laws. Today’s tech-savvy buyers can quickly assess the property, and you could make errors that derail your listing from the start, like over or under-pricing the property. Most buyers recognizing the disparity will just continue to scroll, though a few may make insultingly low offers. Still, these are likely to be few and far between. In 2019, only eight percent of sellers chose this path because of the pitfalls waiting at nearly every turn. Also, you should be able to afford to hold onto the house until you find a buyer; there is no guarantee of a sale with an FSBO.
Ready to sell? The direct buyers at Maio Strand Property Group can help you explore these unconventional and beneficial ways to sell your house in Venice. At Maio Strand Property Group, we will take the time to listen and work with you to achieve your goals. The direct buyers at Maio Strand Property Group provide every detail to calculate our offer against what you’d earn with other selling methods. We want you to agree the offer is fair and feel good about the deal long after closing. A direct sale to Maio Strand Property Group is a cash sale for your property as-is, so you’ll save money, time and pay no commissions. With a direct sale to Maio Strand Property Group, you’ll have a guaranteed closing date that is most convenient to you; we don’t mind waiting longer than a few weeks if you need time to move. Contact Maio Strand Property Group at (631) 335-4055.