Now is the time to consider selling your house by owner in Kentucky. The market is hot, and the demand is high in Kentucky, making it easier than ever to sell your house. Today, we’ll help you understand everything you need to know about how to sell a house by owner in Kentucky.
What Does for Sale By Owner Mean?
When you sell a house by owner in Kentucky, you don’t use a real estate agent. Essentially, you are the real estate agent. You are responsible for listing the house on the market and setting up appointment showings for potential buyers.
Owners are often discouraged from selling their house by owner because they don’t understand the process or see the benefits of doing it yourself—they see it as added responsibility and more work. Let’s look at some of the advantages of selling a house by owner.
Benefits of Selling a House By Owner
No Realtor Fees
The biggest benefit of selling a house by owner in Kentucky is avoiding paying a commission to a real estate agent. Commissions can take a huge chunk out of the money you could be pocketing from the house’s sale price. It’s common to see commissions in the Kentucky area cost several thousand dollars. This money is yours when you sell a house by owner.
You Manage the Listing
You control everything from the market listing to the time of the showing. You control the pictures of the property, the asking price of the house, and communication with interested buyers.
You don’t have to wait for a real estate agent to communicate with you about where you are in the home-selling process. When you sell a house by owner, you know exactly where you are every step of the way.
You Control the Schedule
There are two events in the home-selling process when you and the buyer need to agree—the showing time and the closing date. The showing time is when the interested buyer will come to visit your property and walk through your house.
If you know a time of day that works best for you to leave your house for the buyer to walk through, you can set that schedule up front for your potential buyer.
The closing date is when you and the buyer agree to finalize the sale. At We Buy Houses in Kentucky, we can work with any closing date you choose. Since we are buying your house as-is, we will set up a time to look at your house to begin the purchase process. Once the sale is finalized, you will receive your money in seven days.
How to Sell a House by Owner in Kentucky
Now that you have a better understanding of why you would want to sell a house by owner in Kentucky, it’s time to learn how to do it!
1. Choose a Selling Price
You will need to determine the selling price to list your house. How much do you want for your home? Will you be able to get that amount with no repairs, or will you need to perform repairs to do so? How much debt do you have in the house? What is the remaining total of how much you owe on the house? You will need to answer all of these questions before choosing a selling price for your house.
After you have answered these questions, you can begin to choose a selling price. You will need to make sure you sell the house for more than you owe on it—otherwise, you won’t make any money on the sale.
2. Prepare the House
When selling a house by owner to a buyer that doesn’t have an all-cash offer, you will need to take time preparing the house for viewing and inspection.
At We Buy Houses in Kentucky, we will purchase your house as-is, so you don’t have to make any repairs for us to purchase it. This includes big-ticket items like roofs and HVAC systems. We will simply visit your house to make sure it meets our criteria for us to purchase it.
3. List the House
The offers won’t start coming in unless you list the house, so it’s important to know how and where to do this. The best way to advertise your house listing is to use social media or other network marketing platforms. You can also run advertisements at local media companies.
You can contact us if you’re ready to sell your house, and we will set up an appointment to meet you and visit the property to make sure the property fits our criteria and to begin the purchase process.
4. Consider Cash Offers First
An all-cash offer is where the buyer will purchase your home without requiring a lender. All-cash offers should be considered overfinanced because they don’t require a mortgage.
When a lender or bank becomes involved in the purchase process, there will almost always be a delay in closing. The bank can require various documents that can slow the purchase process to cause the closing date to be pushed back. This can be frustrating for a seller ready to get the deal done.
We will always offer an all-cash offer for your house, and you will receive your cash within seven days of closing.
5. Close the Sale
Transferring the title from the seller to the buyer is called the closing. This is when the buyer legally becomes the new owner of the home. This is the final chapter when selling your house by owner in Kentucky. You must meet at an attorney’s office or a title company to close the sale.
When you sell your house to We Buy Houses in Kentucky, we will meet at a local, reputable title company to close the sale. You will receive the cash from the all-cash offer within seven days of closing.
Selling a house by owner in Kentucky doesn’t have to be difficult, especially if you are selling your house as-is to We Buy Houses in Kentucky. Contact us to give us a description of your property, and we will schedule a time to visit your property to begin the purchase process.
If your property meets our criteria, we will present you with a written offer to purchase your house with no obligations. If you accept our offer, we will meet at a local and reputable title company to close the sale.