Are you tired of owning a property that you don’t want or can’t afford? Putting it on the MLS can be expensive and take up more time than you care to spend. In our latest post, we can help you learn how to sell a house in Milwaukee without sinking any money into it in less time than you may think!
When you decide to sell a house in Milwaukee, you will usually ask a friend to recommend a good real estate agent or you will search the internet. Selling with an agent is a great choice for many, but it isn’t always the best way for everyone. For some homesellers, making a deal with a local home buyer or selling as-is is the best option.
Before you make a final decision, you should do your homework and find out what selling method will work for you. Calculate the money, time and energy you will spend and then determine how you should sell. Be prepared that the right method might not be what you have expected. This is why we have listed all the expenses that you’d have when you sell a house in Milwaukee the traditional way.
What Will Listing My Milwaukee House Cost?
Listing a house in Milwaukee can come with a lot of costs that people aren’t always aware of. A few of these costs include…
- Costs to make repairs both before and after the inspection process
- Expenses to clean and stage the home for property showings and open houses
- Marketing expenses not included with your listing (virtual tours, professional photography, etc.)
- Holding while the house is on the market and through the escrow process
- Closing costs which can amount to 1-3% of your final sale price
- Agent commissions which are typically around 6% of your final sale price
According to NerdWallet, you should plan on spending at least 10% of the final sale price on the costs of listing your home. So if your house ends up selling for $250,000, that is $25,000 out the door. That said, your costs can be higher or lower depending on the property and situation. It is essential for home sellers to understand these costs, so they know exactly what to expect when you sell a house in Milwaukee.
How To Sell Your House Without Spending Money
There are several ways you can sell a house in Milwaukee without spending any money at all. You have the option to list your house on the MLS or to work with a direct buyer such as Sparks Property Investors LLC that will purchase your house as is. For many homeowners, this alternative method is a better way to make a fruitful sale.
Listing Your Milwaukee House As-Is
A lot of owners decide to list their house as-is. This will make the entire process much more affordable. However, despite not having to pay repairs, cleaning or maintenance, you will still have to calculate in commissions, holding and closing costs. These bills alone can pile up and end up being thousands of dollars. Keep in mind that there is no guarantee that you will make a huge profit! At the same time, houses like these usually aren’t appealing to most buyers and most people won’t even care to look at houses that sell as-is. If you decide on this option, make good photographs and try to keep the list of repairs to a minimum.
A Direct Sale To Sparks Property Investors LLC
Selling your house directly to Sparks Property Investors LLC will help you to avoid all of the listing costs, including repairs, marketing, holding costs, commissions, closing costs, and more. You will not have to worry about spending any money at any time during the sale. You will be able to get an offer without having to worry about any deductions or hidden fees. While our price isn’t full retail, the amount you can save may more than make up the difference, and that’s not to mention all of the time you will save.
Why Sell As-Is?
So why would somebody want to sell as-is in the first place? Wouldn’t fixing up the property add value, thus creating higher returns? In a perfect world, yes. However, when listing your house in Milwaukee, you won’t have any guarantee that your repair costs will translate to a higher sales price. Fixing up your home can be a gamble. While it can add value in some cases, sinking money into a house you would rather sell can prove to be a poor use of your funds. By selling as-is, the buyer assumes the risk and you will be able to put your money into your new property, not the one you want to get rid of.
Are you ready to sell a house in Milwaukee? Before you hire an agent in Milwaukee, find out what we can do for you! You don’t have to list your house in order to sell it!