If Minimal Repairs and Cosmetics Needed
In this case you can get your house on the market quicky and proceed under any one our four options (click on one of the four links to jump to that topic):
MLS Hire a realtor to list the house on MLS (Multiple Listing Service), and pay a 6-7% realtor commission.
For Sale By Owner To avoid realtor commissions
Rent It Out To generate a cash flow and rate of return on your money that may be higher than you could get from investing the pro- ceeds from a cash sale.
Sell For Payments Accept a stream of monthly payments that constitutes a higher rate of return than you could get investing the pro- ceeds from a cash sale.
Homestead Road can help you make any one of these options successful. With over 1000 transactions since 2007, we can show you the ropes on any course you decide to take. Call 612-808-6767 for more information or an evaluation. As mentioned above, we have published a free 12-page booklet on how to fix your house up and stage it to get a top market price. Based on over 500 transactions since 2007, the tips in this booklet can save you a lot of time and money. Click the cover at the right to read online or download and print a free copy of this do-it-yourself booklet.
In summary, you can order our free booklet by clicking here to fix your house up yourself and sell it for a top market price. Or you can find out what it’s like to sell your house to Homestead Road “as is” and avoid the rehab costs and hassle. Just ca
MLS The MLS (Multiple Listing Service) lists all the houses that have been listed with realtors. The list is searchable by inputting criteria such as # of bedrooms, # of bathrooms, total square footage, price, garage type, etc. When you are on the MLS, your house will show up when realtors and buyers search for your specific criteria. Of course, when you list your house with a realtor, you must pay a commission of 6% +/- on the sale price, but you also get the expertise required to navigate the maze of steps, legal and financial requirements, title issues, and all the other things that can go wrong.
For Sale By Owner The main reason people try this path is to avoid paying realtor commissions of 6-7%. Homestead Road is not a Realtor, so we can provide the following information objectively 1. Realtors control the majority of buyers and will not show your house to their clients unless you agree to pay their commission. 2. Realtors are the best people to determine a price that will get your house sold quickly for a good price. 3. Realtors provide expertise to navigate through the maze of steps, legal and financial requirements, title issues, and all the other things that can go wrong. 4. Without a realtor at your side, you are on your own. For sale by owner can be a false start that wastes time and extends your monthly carrying costs (mortgage payments, taxes, insurance, utilities and maintenance) that could run $1,000 a month.
Rent It Out Sometimes renting your house will yield a greater return on your money than if you invest the cash proceeds in another house, in bank savings or CDs, in the stock or commodities markets, or in any number of other sources offering a return on your money. It can also be a strategy to “park” your house in a down period until housing prices rebound later on. The drawbacks to renting your house are the risk of delinquent rent payments, or other tenant issues such as unreasonable complaints, illegal activities or abuse of the property.
Sale For Payments A stream of monthly payments can amount to a higher rate of return than investing in bank savings or CDs, in the stock or commodities market, or in any number of other sources offering a return on your money. Under such an agreement, you can receive a sizeable cash payment up front, and a balloon payment 3-5 years down the road. Such an arrangement can yield a selling price of up to 20% more than an MLS sale.