If you’re thinking about selling your house in Durham, there are more ways than one to go about it, and which one you choose depends on your situation. In this post, we’ll be informing you about the different selling options that you have so that you can sell your Durham house fast and move on.
Do you need to sell your house in Durham? Our team is dedicated to helping homeowners in the Durham area who are looking for the best way to sell their home. Below, we outline the different options that you have and weigh up the benefits and drawbacks of each, you may be surprised by what the numbers say for you.
Hiring a Durham Estate Agent
Hiring an agent in Durham is usually the first thing people think of when they decide they want to sell their home. The process is ideal for some properties, however, can be costly and time-consuming if your property isn’t a good fit for the open market.
The Good
When you’re selling a house in good condition, and you’re working with the right Durham estate agent, the process of listing can be very beneficial. If you can find a buyer fairly quickly and the process runs smooth with no hiccups, you can have great results. The ideal situation is that your property doesn’t require a lot of money to be spent on repairs, and you’ll need a quick sale to save on your costs of running the property until it sells. Pricing is also massively important, if you price it too high you won’t get any interest, too low and you’ll not make any profit.
The Bad
The main issue with selling your Durham house with an estate agent, is that so much is left up to chance. Roughly 1/3 of all sales on the open market will fall through, leaving you back at square one, and on average 5 months of running costs down. You could end up working with the wrong agent, and be forced to lower your asking price. There’s also lots of up front costs, like having the house cleaned, making minor repairs, and having your Durham house professionally staged before it even goes onto the market. Because of this, for many homeowners, working with a direct cash buyer can be the better option.
Selling The Property On Your Own
Selling your house on your own can seem like a good option to save money on commissions and fees, and for some people, it can be. However, it can cost a lot of money and is massively time-consuming.
The Good
The biggest selling point of this route to people looking to sell in Durham, is that it essentially ‘cuts out the middle-man,’ And their commission can go straight into your pocket. However, if you lack experience selling property, you can quickly get in over your head, and even to experienced sellers, the stress involved in the process isn’t something to shrug at.
The Bad
The truth of the situation is that selling your house on the open market without the help of a professional agent can be a seriously daunting amount of work. If you do choose this route to sell your Durham house, be prepare to spend your time fielding calls, answering questions, showing the property to potential buyers, marketing the property online, dealing with negotiations, inspectors, repairs, and all of the legalities. Adding to all of this work, working with an agent will typically help you to sell the house for more money. A great agent will be a pro when it comes to negotiation, ensuring you get the largest sum of money for the house as you possibly can. There’s a reason that people hire agents, and truth be told, if you find the right one they can be worth their weight in gold.
Selling The Property On Your Own
The Bad
Working with North East House Buyers will allow you to sell your house fast in Durham, without any commissions, repair costs, or waiting months with no guarantee of a sale. Our process will save you time and money, and gives you certainty about the sale of your home, which is something that you just can’t get on the open market. The way that we buy houses in Durham makes things straightforward and convenient, keeping stress and worry out of the picture. For many homeowners the advantages of speed, convenience and security of the sale far outweigh the risks involved with the open market, despite the potential to earn a little bit more.
The Bad
The only downside of selling your Durham house directly to North East House Buyers is that you may not receive full market value for your home. That said, the thousands that you’ll save in commissions, repairs, running costs and completion costs can more than make up the difference.
At North East House Buyers, we think it’s vital that home sellers get all the information they need about their options for selling their houses in Durham. We encourage you to take the time to fully consider your options, making sure you understand which one is going to help you achieve what you want from your sale. Every situation and property varies, which is why we’re proud to offer an alternative solution to help you reach your property goals.
each. Every property and situation are a bit different, which is why we’re proud to offer alternative solutions to help our clients reach their property goals.