Is your house in Knoxville on the market? The majority of people envision applying for a real estate agent’s services and listing their home on the Multiple Listing Service (MLS). The truth is that this isn’t always the best way to sell your home.
The amount of time you have to realize the value of your asking price on the market and whether your home suits the preferences that buyers today are looking for in a home are among the factors to consider. Otherwise, you must also consider the amount of work that will be necessary to prepare your Knoxville home for the market.
In Knoxville, we will discuss four unconventional ways to sell a house.
Owner Finance
A method of owner financing in Knoxville can be lucrative and unconventional. By choosing this method of home sales, you open your property up to a whole new group of buyers with less than perfect credit who are willing to pay more for the opportunity to be a homeowner. As the seller, you set the sales price higher for the opportunity and taking the risk that the market will rise higher, and they buy at a great price when the option expires in two or three years. Also you bear the risk. In the event that the buyers cannot obtain financing, you will be faced with legal battles while still paying your mortgage.
Rent with an Option
An innovative, unconventional way to sell your house in Knoxville is to rent the home with an option to buy at the end of a given period, usually two years. An initial deposit can be charged to the downpayment, and additional rent can be added to the rent over time as a credit towards a larger downpayment. Using this method, you can set a premium on the final sales price as well. Since renters can leave at the end of the contract, they may damage the home or neglect preventative maintenance. A house may need extensive repairs before it can be sold again.
FSBO
A FSBO listing, or for sale by owner, may be another alternative to selling your house in Knoxville. For homeowners who want to avoid paying high real estate commissions, this method is attractive.In Knoxville, only about 10 percent of FSBO sellers are successful, and they have wasted valuable time with their property lingering. Usually this is caused by inexperience with marketing real estate and dealing with negotiations without introducing personal feelings. In the current market, homes that have been on the market for a long time seldom sell at their current value.
Direct Sale
Houses can also be sold directly to a company like East Tennessee Home Buyers LLC, which is an unconventional way to sell a house in Knoxville that most homeowners are unfamiliar with. Professional buyers have the power of cash backing them, meaning that closing is only mere days or weeks away. Professional buyers will listen to your needs and will even compare what you would likely receive from a conventional sale with a real estate agent so you can compare your options. With no listing to jump through, no showings, and no inspections, a direct sale means your house will sell as-is. East Tennessee Home Buyers LLC handles everything for you. No cleaning required before you leave. The closing date is up to you.
Directly selling your house to East Tennessee Home Buyers LLC is the best unconventional way to sell your home in Knoxville. Call East Tennessee Home Buyers LLC at (865) 935-8680 or send us a message today!