Things To Consider While Selling Your Home Off-Market
Planning to sell your property off-market? There are a few things to consider before doing so. And today we are going to talk about all those things that you need to look after.
The first is the commission. If you sell on the market and you don't have to pay the commission, you can save a lot of money. However, if the buyer expects a lower price because you don't pay a commission, the whole transaction could be a wash.
Also, even if you look at comparable sales and know what some of your neighbors’ homes sold for last year, there’s no way to test what buyers are willing to pay for your home. This is one of the benefits of the free market - you can actually tell what people are willing to pay for your home. Selling on the market can cost you a lot of money.
Next is to consider the costs of the inspection of the house. If you accept an offer offmarket and it has the traditional contingencies (home inspection contingency, appraisal contingency, etc.) the home inspection repairs can cost you money.
If the price of the sale is lower than the price the buyer agreed, it will cost you too. At this stage of the process, you have the option not to sell, but if you've already packed up and moved out, it might be a little late in the game to make that choice.
This is why I always recommend talking to an unbiased Whitby realtor who will give you specific information about your market and offer guidance on what your home might sell for. This is the best way to ensure you do what's best for you and you achieve your goals.
Apart from these, there are some other things to keep in mind when listing an offmarket property:
- contacting city inspectors before putting your home on the market
- using staging to make the home look nicer
- setting a tentative price and sticking to it
- Provide monthly updates on the property’s condition
All these factors are too time-consuming and exhausting. This is where a realtor in whitby comes into the picture. However, the last call is yours if you want to do it the regular way or try selling the property off-market.
Contact:
Anuja Kumarsamy
AD Team
885 progress Ave, Suite 209, Scarborough, ON, M1H 3G3
647 267 7482
anuja@adteam.ca
https://www.anujatherealtor.ca/whitby/