Selling your house on your own in Portland can be a great option but comes with certain differences than going through a realtor. In our latest post, we go over some of the big factors in looking at whether this is the right move for you.
Many people believe that they can sell their house with a FSBO (for sale by owner) listing, and the truth is, they can. That being said, it is important to acknowledge the costs, time spent, and the effort that goes into the entire process. You’ll be saving money on agent fees by not using a realtor, but you will also likely be getting slightly less for your house and be responsible for certain costs. This can be very worthwhile but is worth looking at before making your decision to sell on your own. Here are a few of those costs to be aware of:
Advertising your house will be necessary to garner interest from buyers, and there are many options in how to do so. Signage, printed materials, online listings, and open houses are a few of the most popular. It won’t be necessary to use every method to sell your house fast in Portland, but you’ll need to do as much as is necessary to get the word out.
Once you’ve effectively marketed your home, you’ll have a lot of people calling you with questions about the property. It will be important to answer these questions in a timely manner and set up viewings for parties interested in doing a walkthrough. This can end up being a lot of work, especially it is being added onto your normal job or daily routine.
Showing your house to prospective buyers means you’ll need to keep it clean and show-ready at all times. This may require a professional cleaning, and if you don’t have the proper furniture a staging company may need to be used. And, of course, you will need to be available to show this home at any time of day. This can add up to a significant amount of time, money, and energy spent on the selling process.
Fixing all the issues with your house is imperative to selling it fast in Portland. There are all the small things that have gone ignored over the years, plus any larger repairs that you feel will add more value to the home. Additionally, it is very common for more repair requests to be submitted after a formal home inspection is completed.
If you decide to sell your house on your own in Portland, there are many steps on the legal side to be aware of. Everything from contracts to escrow will fall on your shoulders, and it will be up to you that it is fully and correctly completed.
Expect listing your home in Portland to take anywhere from 1-4 months. And, once you’ve accepted an offer, the sale can still fall through due to a low appraisal. There will be no guaranteed sale date and you may be left waiting for months. One of many advantages of a direct sale to PDX Home Buyers is that you will be able to close in only a matter of days.
Selling your house directly to PDX Home Buyers will eliminate all of the costs and responsibilities listed above. We will be able to save you time, money, and make sure that the transaction is handled legally and professionally.