Looking For Home Buyers In Hawaii?
We Analyze The 3 Ways To Sell Your Home In Hawaii
If you own a home and are thinking about selling to home buyers in Hawaii, you have a number of selling options available to you. In this blog post, we’ll look at those 3 ways and break them down to help you determine which way is best for you and your family.
For most people, owning a home is the largest purchase of their lives that they’ll ever make. So it’s certainly no surprise that the process of buying a home or selling a home can be extremely complicated.
Over the years, three home-selling options have developed to allow homeowners like you to sell to home buyers in Hawaii. As you think about selling your home, you need to decide which of the methods of selling your house is best for you, given your goals, financial or family situation, and preferred timeline to sell.
Home-Selling Method #1: Sell Through A Real Estate Agent
This is the traditional way to sell your home, so it’s also the most common. In this home-selling method, the homeowner chooses a real estate agent who will list the house on the local MLS in order to seek a qualified buyer.
The agent acts as a sort of “middleman,” showing prospective home buyers in Hawaii your house until one of those buyers decides to buy or making it available to realtors and their own clients. They’ll make an offer, the agent will negotiate on your behalf, and then you’ll hopefully proceed toward a successful close.
The timeline for this selling method can take months (the average is 3-6 months, market depending). Sellers who choose this method prefer to gamble on the timeline to do less work (the agent does the work) with the hopes of selling at the market price. However, sellers who use this method will often need to spend money up-front to repair or renovate/modernize their house first to compete with other similar homes on the market (today’s buyers generally want move-in ready homes), and then spend money after the sale on agent fees and closing costs. This could be the right fit for you or not – it really depends on the market conditions in your neighborhood and your need to sell quickly and/or privately.
Home-Selling Method #2: Sell Your House Yourself
This method of selling has become quite popular over the years in response to home sellers’ increased desire to save money on agent commissions. The process is very similar to the above method of selling but it’s done by the homeowner themselves — not by a licensed agent.
The homeowner lists their house, shows it to prospective buyers, negotiates with the buyer, and closes the deal once an agreement is made.
There are quite a few similarities – the homeowner will still have to commit the upfront cost for any necessary repairs on their house to make it sellable and they’ll be competing in the same buyer pool as those home sellers who are listing their properties with agents. Sellers who choose this method don’t mind the extra work involved in showing their house; they usually choose this method to save money on commissions.
However, trying to sell your house yourself can often be difficult. Most people aren’t professional marketers and don’t have the marketing skill set to successfully position their home for sale. It takes more than just putting a sign on the front lawn or an ad on Craigslist. Selling your house this way (FSBO – For Sale By Owner) can also mean a longer waiting time to find your buyer, especially if you don’t put it on the MLS where most of the buyers are looking. No way around it – if you’re not a real estate professional, then selling your house yourself will likely be challenging.
Home-Selling Method #3: Sell Direct To Home Buyer In Hawaii
This method of selling your property is gaining popularity as homeowners look for a third way to sell. This process is very different – it’s also faster, easier, and doesn’t cost the homeowner anything since they don’t have to pay commissions and may not even have to pay their closing costs, so it’s not surprising that this method becomes more and more accepted.
Rather than listing and showing the house or negotiating, the homeowner simply sells their house directly to professional home buyers in Hawaii with cash who are ready to buy the house as-is right now.
It’s faster – the buyer has money and is ready to buy; it’s easier on the seller – there is no expense or effort to repair the house before it’s sold, and it doesn’t cost the homeowner anything – professional home buyers (like what we do here at Oahu Home Buyers) usually pay closing costs and fees. For sellers in situations like facing foreclosure, inheritance and probate, divorce, bankruptcy, relocation, and more — it can be the perfect way to sell your property.
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