Once you’ve decided to sell your house in Lawrence you are in for a bit of a roller coaster ride. I’m sorry to say that but unfortunately, it’s just an honest fact of life. There are many things in the sale of a home that are beyond your control. Fortunately, one of the most important aspects of a home sale is under your control and that is the method you use to sell your Lawrence house while still gaining the most profit possible.
Take 5 minutes to read through today’s post. I think you’ll find it’s time well spent—and time that might open your eyes to a better way to sell your Lawrence home quickly and profitably.
Sell Your Lawrence House By Entertaining “Cash Only” Offers
Selling your house in Lawrence by accepting cash-only offers is a somewhat unconventional but very beneficial way of making a profit. Although it has become more common in the past year or so it still is less common. The two main reasons a cash-only offer is a great method are the speed and efficiency with which you can finalize the sale of your property. By using a cash sale to sell your house you can often close in as little as two or three weeks.
What is the main reason for being able to sell so quickly? It’s simple—there are no banks involved in the sale. Now intrinsically there is nothing wrong with banks. However, because of their loan underwriting requirements, the mountain of paperwork they must complete before they agree to loan your buyer the money to purchase the house takes a significant amount of time.
Right now in Massachusetts, the average time it takes for a buyer’s loan to be ready is 47 days. If you do the math that means you’re waiting around with an unsold house for just about seven weeks.
As a result, if you need to move quickly on the sale of your house for any reason a traditional MLS listing with a bank loan can be too time-consuming. And if your property happens to need any type of updates or repairs you may not be able to sell it with a bank loan, because they require homes to be in good working order.
Now if you are interested in learning more about cash offers, Summit Buys Houses can help! We are a trusted direct home buyer with years of experience buying Lawrence properties in any condition. Take a little time to call us—we’d be happy to write out a cash offer for you and with simple addition and subtraction show you exactly how much money you could make with a direct sale to a professional and experienced Lawrence homebuyer.
Sell Your Lawrence House Using A “Rent-to-Own” Agreement
Selling your house in Lawrence by using a rent-to-own agreement is another somewhat unconventional but still profitable way to sell your property. If you have not heard of this or are afraid you don’t understand what it is—trust us. Taking a little time to understand what this rent-to-own agreement entails could truly make you much more money than you expected.
In the simplest terms, a rent-to-own agreement means that you become a landlord for a short period of time. Over that time the person renting your property pays an above-market rate for the privilege of renting your property. The rent money you receive allows you to continue paying off your mortgage and reducing the debt you owe. Then at the end of an agreed-upon time, (usually two or three years) the renter has the option to buy your house for a price that is higher than you would’ve been able to get originally.
The main advantage to you as a seller is that you may be able to reach an agreement on a property that was hard to sell or priced too high. In addition, you will be receiving an above-market rate on rental income while your mortgage balance continues to be reduced.
And finally, you will net more cash at the end of the agreement because the property sale price is higher than you would have received. If this sounds like something you’re interested in learning more about, by all means, give us a call. We have people looking to rent properties that have great credit and are hoping to make a purchase of a home somewhere down the road. Let us be a matchmaker for you!
Selling Your House in Lawrence Using A “FSBO” Listing
The third unconventional way we have of selling your Lawrence house is by you becoming the listing agent. This type of listing is commonly known as a FSBO (fizz-bo) or For Sale By Owner. The number one reason people choose to use a FSBO to sell their house is to avoid the high commissions they would pay to a realtor.
As an example, if your Lawrence house sells for $400,000 with a traditional MLS listing you will pay $24,000 in commissions. On the other hand, if you take responsibility for marketing and negotiating the sale of your house, you avoid paying that $24,000 and as a result earned that much more when the sale of your house is complete.
Now there are some significant skills involved in successfully selling your house yourself. First off you will need to create a marketing plan for your house. This usually means that you will take good professional-looking pictures, write a juicy, detail-oriented description of your home that will entice buyers, and finally you’ll need to advertise everywhere you can to let people know your house in Lawrence is currently up for sale.
Past your marketing plan, you will need to qualify any buyers that come to you. Are they creditworthy? Are they able to get a bank loan in a reasonably short period of time? Granted there are some very specific skills that you need to use an FSBO listing successfully. Some people do have the knowledge but others just don’t feel it’s worth the effort. As a matter of fact, in a recent year only 8% of all people selling their house in Lawrence decided to use a FSBO listing.
In Conclusion
Are you now better prepared to sell your house in Lawrence? The professional homebuyers here at Summit Buys Houses are more than willing to meet with you and explore what will work best for you in selling now. We realize everybody’s situation is incredibly unique to them and as a result we take the time to meet, learn what you would like to do once you do sell, and try to help you form a plan to make the most profit you can when selling a house.
We often sit at the kitchen table with a piece of paper and a simple calculator to write out numbers for people just like you as they decide what is the best way to sell their house. There’s never any high pressure from us! We provide you with this information because we honestly want you to make the most profitable decision in your present circumstances.
I often tell people that we speak with that I want them to feel good about the sale of their house long after they have collected their cash and moved on. If I see you grocery shopping in a Market Basket six months from now, I honestly want you to be glad to see me! And likewise, I will be glad to see you because we feel every client we meet becomes a friend of ours.
So take just 3 minutes right now to fill in 3 simple pieces of information on the form below and we can become friends very soon. Or of course, you can call us directly to speak with Dawn, Alex, or Jack about the sale of your house in Lawrence.
When You Sell Your Lawrence Property, Can We Be Your GPS?
Our experience buying Lawrence houses in any condition speaks for itself. We enjoy great relationships with our clients and as a result, we have a long list of satisfied clients who have been so satisfied with our work.
We are “The Local Guys” who buy Massachusetts properties for cash.
Give our team a call if you have any questions or would like a free quote on your home. There are never any “high-pressure” sales tactics from us and everything is free of charge. We are here to help—what have you got to lose by giving us a call?
We invite you to check on our reputation. You can never be too careful—especially when it comes to selling your home! You’ll quickly see why the Better Business Bureau of Massachusetts. has awarded us their highest business rating. It’s an honor we’ve earned by helping homeowners like you sell their homes quickly and profitably in the shortest amount of time.
SOME SUGGESTED READING FOR YOU:
We pride ourselves on our simple, transparent process to buy your Lawrence house quickly. We buy houses in any condition all over Massachusetts. We’re very confident that we can give you the highest possible offer for your property—because it happens all the time! So if you’re interested in selling your home anywhere in the Middlesex, Essex, and Worcester counties of Massachusetts—contact us for a quick, confidential, no-obligation cash offer and the best, no-pressure advice. “Summit Buys Houses” is Summit RE Group LLC and is duly registered to operate in the states of Massachusetts, New Hampshire, and Nevada.