So you’ve listed your home and it’s been sitting on the MLS, it’s a well-known fact that the longer a home sits on the market, the harder it becomes to sell. We’ll cover 3 things you can do if an MLS listing hasn’t worked for your Orlando property.
Wait It Out
Whether you go it on your own or list your home here in Orlando with a real estate professional, there are no guarantees the house is going to sell. Few people have the luxury of time or the financial means to afford holding onto a listing for an indefinite period, especially if the property is vacant.
Consider Rent to Own
Should you decide to sell your property in Orlando as a rent to own, remember at the end of the agreement, if the renters do not want to buy the property anymore, they aren’t obligated and that means you are starting all over again. Buyers in a rent to own or lease option agreement usually pay an upfront non-refundable consideration or option fee for the “option” to purchase the property in the future at a set price. If they choose not to buy the property, you keep their option consideration or down-payment but still have to find another buyer. Typically the sale price of the property is agreed upon up front in a rent-to-own scenario.
You’ll remain responsible for property taxes, HOA fees, insurance and maintaining the property just as you would if you had renters in place, especially for major repairs. Be clear on who is responsible for items such as large appliances, structural repairs, and routine maintenance in the lease – but typically, it is the owner, which is YOU until they exercise their option to purchase the property.
Sell Your House Directly
Direct buyers in Orlando, FL typically close faster, usually paying n cash or using hard money for a fast close. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying and/or the financing can fall through, especially during these uncertain times. Direct buyers work with the seller directly and don’t work with a realtor, which equates to a big savings and more money in your pocket! Direct buyers also doy not charge transaction fees. They can also work with out of state owners.
One of the biggest complaints buyers have about working with direct buyers in Orlando is that the offers are usually below market, but this is for a good reason! The buyer is taking on a huge risk by purchasing your house as-is, and closing quickly; your home may be more damaged than you realize!
Direct buyers in FL typically purchase homes as-is. Which means there is no need to worry about repairs before closing or any other additional unexpected expenses. There are some companies that do not require a thorough inspection, which makes it a truly as-is transaction.
Selling to a professional home buyer is straight forward. Laying out every step of the short process with clear, simple as-is purchase agreements. You’ll have lessened exposure to legal risks. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Direct buyers already know the state of the property, and they take on that risk.
Skip the nightmares showings can bring. Forget about leaving your house spotless, putting the animals up, having people in your house when you aren’t there …. No more buyers taking forever during a showing while you are outside in the car or out in this summer heat! Direct buyers are investing, and won’t be moving in. Most home buyers will allow a move-out time frame after closing so it’s easier for you. This can be extremely helpful with such quick closing time frames and also if coordinating the purchase of another property and/or movers .
If an MLS listing hasn’t worked for your house in Orlando, as direct buyers, Angie Buys Houses Central Florida offers quick transactions that will put cash in your pocket fast. We make the process easy and much less stressful overall.