Do you want to sell your home in Fort Thomas KY? If so, we want to share some possible alternatives to a listing. We buy houses in Fort Thomas Kentucky and many people aren’t aware of the options that are often available! We are professional homebuyers in KY and check out our latest post to learn more about what is available for you!
Selling your house in Fort Thomas KY can be a daunting task. The process of listing isn’t always as simple as is seems. There are repairs to make, cleaning to maintain, open houses, showings, bills and other hurdles to clear all while you are trying to move!
There are alternatives to a listing that can work much more efficiently in some situations. Consider some of these alternatives to listing when you are ready to sell your Fort Thomas KY house!
Alternatives To Listing Your Home In Fort Thomas KY: Explained
Rent To Own
It can be tough deciding what to do with a property that is unneeded. Should you sell it for cash or list it? On the other hand, you could hold on to the property and rent it. Setting up your house in a rent to own structure is a great way to get the property in front of many more potential buyers. It is also a way to guarantee you will get full retail value for the home, sometimes more. There are MANY people out there looking to buy a home, but they fail to qualify for a traditional mortgage because of a minor blemish on their credit from years ago, they are short on a down payment or they have another mortgage on a different property.
These are great people, who will be likely to pay a higher than average rent in exchange for the chance at homeownership. To get started, the buyer will pay you an agreed-upon “lump-sum payment up-front. This acts as a deposit should they fail to hold up their end of the deal. The buyer will also pay you a higher than average rent, with a portion of the rent going toward their down-payment.
At the end of a year or two, the buyer must purchase the home outright. There are many ways you can set this up. Choose the terms that work for you!
Hold As a Rental Property
Have you ever pictured yourself as a landlord? In some situations, it can be a lot of work. While other times, and with careful screening, you can find great, low-maintenance tenants. Many people who aren’t able to sell the traditional way, will instead opt to rent their home out.
If it seems like too much work, you can always hire a property management company to help you with routine maintenance and rent collection. Many people find owning a rental property is an excellent way to secure extra income.
Selling to A Direct Buyer or Investor
When you choose to sell your home directly, you will likely save many out of pocket costs you encounter when listing. You won’t need to pay a listing agent, make repairs or clean up. With a direct sale to an investor, the process typically runs much more quickly. Direct buyers are often paying in cash, so they are able to close without relying on bank funding.
When you sell your Kentucky house directly, make sure to read the fine print and that the terms are agreeable to you. When selling on your own, you will not have a professional to help guide you. Not all home buyers are the same!
Many people are turning to auction services to sell their Kentucky homes. Choose a site or person who will generate buzz about your property using excellent marketing. The goal here is to draw attention to your home and encourage buyers to outbid one another.
An auction is great for people who want to want to sell and have a definitive date. By selling quickly, you can potentially save thousands as opposed to listing your home. Sometimes people will choose to go this route in order to avoid foreclosure in Kentucky.
Factor in your mortgage payment, homeowners insurance, property taxes, repairs and general depreciation, and you’ll see that holding on to a home, that isn’t income generating, is only costing you money.
Sell My House In Fort Thomas KY
We are local Kentucky home buyers that offer cash for houses in Fort Thomas in any situation. We’re happy to help you find answers to your toughest questions about your Fort Thomas real estate, so please feel free to call us at (502) 200 - 1800 and chat with us anytime. We will make the process simple so you can quickly sell your house in KY and move on. We’ll evaluate your house, make you a fair all-cash offer, and you can decide if selling your house to us is the best fit for you. We’re here for you, just reach out and lets chat.