We buy houses in Franklin Tennessee. 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. We are legitimate homebuyers in Tennessee and in our latest post, we can help you learn how to sell a house in Franklin TN without sinking any money into it in less time than you may think!
How To Sell A House in Franklin TN Without Sinking Any Money Into It?
When most people go to sell a house, the first thing they do is search the internet or ask a friend to recommend a good agent. While some agents are great and worth their weight in gold, this isn’t always the best way for a homeowner to sell. For some homeowners who need to sell a house in Franklin TN, selling as-is or a direct sale to a local home buyer can be the best way to go.
Before you decide how to sell, get the facts, and determine the selling method that will make the most sense for you. After factoring in time, money, and energy, your ideal selling method may be different than you had thought. First, let’s take a look at what listing your house in Franklin TN could cost you…
What Will Listing My Franklin TN House Cost?
Listing a house in Franklin TN 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 selling a house in Franklin TN.
How To Sell Your House Without Spending Money
There are a couple of ways to sell your home in Franklin TN without spending any money. You can either list your house as-is on the MLS or work with a direct buyer to purchase your property outright without the help of an agent. For some homeowners in Franklin TN, one of these alternative options can prove to be a better way to sell your property.
Listing Your Franklin TN House As-Is
Some owners choose to list their houses as-is, which will make things less expensive for the sellers. While listing your house as-is in Franklin TN will save you money on cleaning, repairs, and upgrades, you will still have to factor in commissions, holding expenses, and closing costs. All of these bills can add up to thousands of dollars, and that is without any promise of a return. Also, your house won’t get the same level of attention and appeal to as many buyers when listing your house as-is in Franklin TN. Your property will need to photograph well and not come with a long list of needed repairs.
A Direct Sale To New Horizon Estates, LLC
Selling your house directly to New Horizon Estates, 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 in Franklin?
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 Franklin TN, 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 your home in Franklin TN? Before you hire an agent in Franklin TN, find out what we can do for you! You don’t have to list your house in order to sell it!
Sell My House In Franklin TN
We are local Tennessee home buyers and we’re happy to help you find answers to your toughest questions about your Franklin real estate, so please feel free to call us at 4235098393 and chat with us anytime. We will make the process simple so you can quickly sell your house in TN and move on.