When you’ve decided to sell your house in Lowell, it is extremely important to understand that there is more than just one way to go about it. Where you are right now with your finances, family life and health all play a part in making your situation completely unique from everyone else who wants to sell their Lowell property. And because of that, your situation will require its own unique solution. As you read on, we’ll give you some information about 3 choices you have to put your home up for sale. You may want to consider each of these carefully—it should help you sell your house in Lowell quickly and move on.
It Pays To Choose Wisely
Is it time to sell your house in Lowell? Our team at Summit Buys Houses is dedicated to helping homeowners in the Greater Lowell area who are looking for the best way to sell their home. There is much more you can do besides listing your house for sale on the MLS. Take a few short minutes to read through this post and learn more about the options you have. Then do the math for your property (we promise—it’s easy!). You might be surprised by what the numbers say for you!
Your First Voice—Hire A Lowell Real Estate Agent
Hiring a real estate agent in Lowell is almost always the first thing people think of when they decide they want to sell a home. An MLS listing is ideal for some properties that are “showroom-ready” condition but it can turn out to be very costly and time-consuming for some properties.
The Good News
The listing on MLS works best if your house is up-to-date, clean and all systems are in good working order. When you are selling a house in good condition and are working with the right Lowell real estate agent, the listing process can be very beneficial. As long as the variables I’ve listed above are in your favor, you can have great results when working with an agent.
You definitely want to sell your house with an agent who has a proven track record of getting properties sold in the shortest amount of time. And your property should not require a lot of money to be spent on repairs. One factor most people overlook is the holding costs you have while waiting for the sale to close. You will need to be able to sell the house quickly in order to save on holding costs, and you will need to have the property priced at the sweet spot in order to attract buyers and yet still retain a profit.
The Bad News
You have to understand that a lot of things are left to chance when you list your home for sale. There are some important things you have no control over—you gave up that control to your agent and the person who eventually buys your house. There are some things that can (and do) go wrong. For example, you may end up working with the wrong agent who is inexperienced. Your house may not sell right away, and you may end up being forced to lower your asking price.
If you house isn’t exactly showroom ready when it’s time to. list it, you’ll need to have the house cleaned inside and out. The most costly item may be making any of the necessary repairs before putting the property for sale. These days, virtually all buyers that come to you through a real estate agent will ask for a complete and thorough property inspection by a licensed home inspector.
As a result, you should be prepared for potential buyers to request additional repairs be made after the inspection process is completed. There can be many costs involved when listing your house in Lowell], which is why for some homeowners, working with a direct buyer can be the better choice.
Your Second Choice—Sell Your House By Yourself
If you’ve said, “I’m going to sell my house fast in Lowell MA by myself”, be prepared for more work. And it could very well turn out to be more stressful. But if you want to roll up your sleeves, it can be the best choice, and for some people, it is. But if you decide to go this route make sure your eyes are wide open right from the start. It is important to understand the time and money that are necessary to manage a successful home sale in this manner.
The Good News
Using the For Sale By Owner (FSBO) method to sell your house in Lowell, will save you big money on the agent commissions. This is the main reason most people decide to sell their house on their own. Again—have your eyes open going into the sale process! You can quickly get in over your head if you lack real estate experience.
You will need to price your house right, manage all showings and navigate through all the paperwork Massachusetts’ laws require to sell your home. With a little luck and some real estate experience under your belt, many people do successfully sell a home without the use of a Lowell real estate agent.
The Bad News
The bottom line is you have taken on all the responsibilities that come with selling a home in Lowell, MA. Don’t underestimate the work and knowledge this takes! Selling your house on the open market without the help of a professional real estate agent can be a lot of work. So, what are the duties you have to perform that an agent normally would have taken care of?
Well, you will spend a good amount of time fielding calls from interested parties and answering all the questions they have. You will coordinate all of the visits potential buyers will make and making sure their schedule can work whenever you’ll be home to meet them. You’ll be showing the property, marketing the property and making sure potential buyers are qualified for a loan at your sale price.
You’ll also deal with negotiations, inspectors, repairs, and all of the legalities. Keep in mind, working with an agent may help you sell the house for a higher final price. A truly qualified, experienced agent will be a pro when it comes to negotiating on your behalf, ensuring you get the most money for your house as you possibly can. People hire agents for a reason, and truth be told working with the right one can be worth their weight in gold.
Your Third Choice—Sell Your House Directly To Summit Buys Houses
The Good News
Working with Summit Buys Houses will allow you to sell your house fast in Lowell. Because we buy directly from you and do not involve banks, inspectors or appraisers— there is no waiting—we can close as quickly as you tell us to! And you put more money back in your own wallet because there are no real estate agent commissions, and we never ask you to make repairs before you sell your Lowell house to us.
Our speedy sale process will save you time, stress and uncertainties also. You stay in control the entire time. Selling to an experienced Lowell House buyer will be the most straightforward and convenient choice of the three options we’ve discussed. You will be able to compare your options, learn about the pros and cons, choose your closing date, and have the ability to plan ahead. For many homeowners, in many situations, speed, convenience, and a guaranteed sale far outweigh the risks of a traditional listing.
The Bad News
The only perceived downside of selling your house directly to Summit Buys Houses is that you may not receive the full retail price. But with that said, the thousands of dollars you will save in commissions, repairs, holding costs, marketing expenses, and closing costs, can more than make up the difference. Just consider this for a moment; if your house in Lowell sells for $400,000 you have to pay a real estate commission of $24,000. That is NOT a mistake! A 6% commissions on a $400,000 sale equals $24,000.
At Summit Buys Houses, we think it is important that home sellers get all of the information they need about selling their houses in Lowell. We encourage you to look at all of your options, weighing the pros and cons of each. Every property and situation are a bit different, which is why we are proud to offer alternative solutions to help our clients reach their real estate goals!
Are you thinking about selling your house in Lowell? Our team can help you explore all of the options available to you! Send us a message or give us a call today! (978) 254-3800
We Buy Lowell Houses
In Any Condition
“Summit Buys Houses” is Summit RE Group LLC. We purchase homes all over the state of Massachusetts in towns like Tewksbury, Woburn, Chelmsford, Andover, Billerica, and Westford to name just a few. We specialize in the areas of Middlesex, Essex and Worcester Counties.
If you want to sell your house fast in any of these areas—contact us for a quick, confidential, no obligation cash offer. You have nothing to lose and so much to gain! We are ready to buy your property no matter what condition it is in or how quickly you might want to sell.
WE ARE NOT REAL ESTATE AGENTS and will never charge you fees of any kind when you work with us. Because we purchase with cash, you eliminate inspections, appraisals, bank approvals and waiting for a sale. We are ready to buy your house in Lowell for cash right now and can close on the day you decide is best! It all starts by filling in our form above or calling us at (978) 254-3800.