Sellers’ Many Options
These days, sellers have many more options than they used to.
Today we’ll talk about options that sellers have as they consider bringing their homes into the marketplace in 2022. We've determined there are seven different methods that sellers can use to sell their houses these days, whereas, in the past, there were only two. Here are our four favorite options:
1. Auction your house. In today's market, some sellers are considering auction houses or online auction experiences as a way to get their house into the marketplace and create a lot of pent-up demand with a big auction day result.
2. Sell directly to an iBuyer. There are several companies making direct offers to sellers. You don't have to put your home on the market at all; they'll just send you a cash offer, and you can sign and set the terms for when you’ll move out. Some iBuyers will offer you closer to fair market value, and others will offer a typical investor's price based on their holding strategy.
"With all these options, our role has changed."
3. Rehab, repair, remodel. You can fund improvements to the house that will increase the value by more than what you paid. That would create additional equity that you’d get at the time of sale.
4. Traditional hold option. With the advent of Airbnb and other short-term rental options, many are considering holding on to their properties to bring in some passive income. More people are doing this now than in the past.
With all these new options, our role has changed. We're no longer the traditional real estate salespeople who talk about only the retail option. Today we present all of these options to our clients and talk about each one to gauge which ones you might want to investigate further. Then we do all the research and help you pick which option is best for you.
If you're thinking about selling in 2022, reach out to us by phone or email today. We look forward to hearing from you.