In today’s day and age, it seems like everything is going digital. This has been a trend for some time now and has especially been accelerated over the last couple of years. The events of early 2020 had a long-lasting impact on society, and the COVID-19 pandemic ended up transitioning a large majority of services and industries to online and remote operations. The internet has been a huge tool in the real estate industry since it burst onto the scene over 20 years ago now. That being said, in recent years, the online real estate tools available to the average person have expanded significantly.
Now, as the last quarter of 2022 is just a pair of weeks away, the real estate market is seeing a boom. Specifically, it’s a really attractive time for sellers. With the current economy where it is, there is a relatively healthy pool of motivated buyers who are looking for property for any number of reasons. Many people are looking for investment opportunities, while others are looking for their retirement home, and yet still others are taking the leap and becoming first-time homeowners.
If you’re looking to take advantage of the attractive seller’s market that exists right now, here are a few ways you can approach selling your home online.
Through A Real Estate Agent
If you Google ‘how to sell my home,’ one of the first options that are going to appear should be the obvious solution. To use a real estate agent. There are a variety of pros and cons to using a real estate agent, but they can truly take the bulk of the work off your shoulders and make the entire sales process a breeze for the homeowner.
When you work with a real estate agent, one of the services you’re paying for is their access to the MLS in order to list your house. That’s not all, though; you’re also paying for a wide variety of other services – like open houses, stagings, and other marketing tactics that help you sell your house at an attractive price.
One of the major drawbacks to working with a real estate agent is that you are going to end up paying them a hefty commission check from the sale of the home. If you don’t have a ton of equity saved up in your home, writing the commission check at the end of the sales process can be hard to swallow. However, if you own all or the majority of your home, a real estate agent could be the right choice for you.
For Sale By Owner
Another option that will pop up if you Google ‘how to sell my home’ is the for-sale by-owner option. Like with other industries, for-sale by-owner describes a private sale between the homeowner and the buyer. Even in these instances, homeowners can still pay to list their homes on MLS. This will allow them some of the same exposure that a real estate agent listing the property on MLS would gain.
The main benefit to selling your home by owner is that you save on cutting a hefty commission check at the end of the process. That being said, you have to shoulder the entire property-sales process, which includes finding an interested buyer, handling negotiations, and all of the associated paperwork.
With A Real Estate Application
Quickly gaining traction and popularity in the world of real estate are real estate applications. With smart technology influencing virtually every industry that exists, it was only a matter of time before a mobile application surfaced to help homeowners sell their property.
A real estate application offers you more control over the sales process while still offering you plenty of exposure to interested and motivated buyers. The best part is that, similar to a for-sale-by-owner situation; there is no commission check to write at the end of the sales process.
Motivated Cash Buyers
One last option you can consider if you’re really in a pinch to sell or just don’t want to deal with the hassle of a long and drawn-out sales process is to sell for a cash offer. There are a variety of places online to find cash-buyers, and there are a few benefits to going this route.
The first and most obvious benefit is the speed with which the sale processes. Without a bank involved or any financing, the sale process is just a lot more expedient.
A real estate sale is far from simple in most instances. That being said, with a little bit of knowledge, you can make the process a lot more manageable. Whether you choose to sell your home with the help of a real estate agent or you decide to sell it yourself through a real estate application, it’s currently a great seller’s market and could be the right time for you to make a sale.