Selling properties can be a problem, sure, beautiful home you own in Palm Beach may be worth a lot of things. It could be a symbol of just how successful you get to be after all these years of working so hard. It could be something that you intended to be some sort of investment for a stable future. It could be many things. But owning a house in Palm Beach is one thing; it’s when it becomes a source of problems that you must think of a way to sell it away. And if you have been involved with properties before, you should have already known just how complicated things can be.
Why Sell Your House?
First, let’s get into the matter of why someone is seeking to sell their property. Many things prompt you to think about selling a house in Palm Beach. You might be facing foreclosure for a variety of reasons. You might be involved with a divorce that forces you into a series of costly court meetings.
You might be living far away from the said house and you had put it out for rent; unfortunately, the tenant is less than responsible, leading to you having to deal with costly repairs in the process. Or perhaps, the property in question is situated within an area that is known to be not accessible, making the house less profitable when rented out. You could now be facing bankruptcy, which is why you need to liquidate a property for quick cash. We haven’t even touched on the topic of property taxes, which gradually increase in size and amount through the years.
Even something as simple as needing to relocate due to work or school can be big enough a reason for you to sell the house. The house could be an inheritance, being passed down to the next generation in the family; however, there could always be someone who doesn’t want the house for any reason, which is also a valid reason to sell it away.
Why Listing Can be a Boomerang
When it comes to selling properties, property listing seems to be the most popular way people choose to do it. It could be a simple solution, but you also need to realize that it does not come without a catch—or some, for that matter. First things first, working with a listing agent could be an expensive endeavor as there is that thing about the fees for the agent and the commission paid to the company in the process. Let’s say you manage to sell the house with the help of an agent.
The result of the money you earn from selling properties would not be as big. You need to share the money with both your agent and his or her company. In the meantime, the reason you decided to sell the house in the first place was to gain access to a heap of cash and you are going to need every penny of it—especially when something urgent or of the emergency matter is involved.
Secondly, when you put a property on the listing, you are a sitting duck. You will have to wait for the system to work and for anyone interested to take notice of said property. As such, you are left without a sure date for closing as there is no guaranteed sale seen on the horizon. Meanwhile, the thing that forced you to sell the house could be something that needs tackling immediately.
Waiting becomes a luxury you can’t or shouldn’t afford during this time. With so many unpredictable factors in play, putting the property on the listing is a decision that will turn into something that bites back at you in the process. Even when no emergency cases are prompting and forcing you to sell the house, letting the property just sit there without anyone looking to buy it is equally irresponsible.
Houses continue devaluating over time and there is that thing about other properties popping up all around and one of them could be occupying a strategic spot—which is everybody’s favorite. Your property will be buried even deeper and get pushed to the last page until no one even bothers to take a further look into the listing’s collection of houses.
The Benefits of Direct Sale
Direct sale is a preferable solution in either condition, emergency, or not. Once the property is bought by a party, you can get it over with pretty quickly. However, as mentioned previously, selling a house is a tricky business. Therefore, you need to find out about a company that’s willing to make a purchase and there are ways to discover if said company is dependable.
The moment you manage to work with a company seeking to purchase the property, you can benefit from it very soon. You can forget about having to deal with holding costs, which include regular maintenance, storage, insurance for homeowners, property taxes, and utilities. You can say goodbye to having to spend so much on repairs—a listing agency typically requires a property to appear well-maintained, which is reasonable because no one would buy a messy house but also means extra expenses.
If the house in question is currently occupied, when working with a direct buyer, you will not have to vacate the premises when it’s time for a showing. The direct sale also eliminates the need for you to wait for a certain time before an actual buyer comes along. The listing agency also takes into account the matter of costs for staging and marketing as well as photography to take pictures to put on the website.
And there is the requirement of home inspections—which are expensive on their own. With direct sales, however, you no longer have to bother yourself with such hassles. Planning and selling properties can be a breeze as well because the closing date would not be that big of a matter for you to be concerned about. To summarize, with direct sales, you can take your mind off everything that you shouldn’t be thinking about in the first place.
Provided by HomeLight Homes