Everyone has a different reason for needing to sell their home in Hawaii. For some it may be relocation and for others it may be a loss of job, or divorce, or maybe even a pending foreclosure. For some sellers it may be the need to upgrade to a new and bigger house, or maybe the children have left home and it's time to downsize to a smaller more manageable place Whatever your reason, this article will guide you and help you make the best decision of how to get your house sold.
There are three main ways that one can sell a house in Hawaii:
1) through a Realtor,
2) by owner, or
3) to an investor.
In this article we will discuss the ins and outs of each one so you can make an educated decision about what would be best for your situation.
When it's time to sell your house, always remember that the number one thing that you are looking for is a buyer! Without a buyer, you can't sell your house. Selling your house is not about open houses and all those things that are easy to get caught up in when selling a house. The bottom line is, if you need to sell your house you are looking for a buyer, and that's it. If you hire a Realtor, one of their primary responsibilities is to get you a buyer: If you decide to sell your house by owner, your primary job is to find a buyer. However, if you choose to work with an investor, the investor is an instant buyer.
First let's talk about Realtors. Realtors should generally get paid 6% to find you a buyer. If you list your house with a Realtor, as soon as the house gets sold, you will probably the Realtor 6% of the total sales price for their services. If you choose to use a Realtor, find the best one out there because, when you turn your house over to a Realtor, you are putting the sale of your house in someone else's hands. Realtors are expensive, but if you find a good one it may be worth your money.
Next let's cover selling your house by owner. Many people choose to sell their house by owner. This is a great choice for those who want to be in control of the sale of their house. If you sell your house by owner, you don't have to pay any fees or commissions to Realtors, you have control over when you show the house, and you don't have to rely on someone else's efforts to get your house sold. If you decide to sell your house by owner, when you find your buyer, simply fill out a purchase and sales agreement and give the purchase and sale agreement to a title company. The title company is a third party that collects the money from the buyer and transfers the title to the buyer as soon as the monies are received. It isn't complicated but you should check with someone who's familiar with the process before deciding to sell by owner.
Finally let's discuss selling to an investor. Real estate investors buy and sell real estate on a regular basis. There are no fees or commissions when you work with an investor because an investor is simply a buyer who buys a lot of houses. The benefit to selling your house to an investor is you'll get a quick sale without any fees or commissions, and the investor or investment company can handle all the paperwork and make all the arrangements for you so you don't have to worry about anything. Investors can't always buy your house at full market value but they can get you a quick sale at a fair price. Selling your house to an investor would be an excellent choice for someone who doesn't have the time or patience to put the house on the market for months and wants a quick, easy, and professional sale.
These are three solutions to getting your house sold in Hawaii. In short, if you choose to use a Realtor, be prepared to pay a hefty fee and expect the house stay on the market for a several months. If you decide to sell by owner, you will save some cash but you'll be on your own finding a buyer. If you sell to an investor, you'll get quick and professional service, and an easy sale, but you might not get top dollar for your house. Best of luck selling your home. Aloha.
© 2007 Immediate Property Solutions, LLC
Nate Burgoyne is a house buying specialist at Immediate Property Solutions, LLC. He is an active real estate investor that has been buying real estate for the company for several years. If you have a house or condo that you need to sell, call toll free 1-866-MY-EZ-SALE or visit them on the web at http://www.oahuhousebuyer.com The service is FREE with no fees and no obligations. For more information you can call 1-866-MY-EZ-SALE to listen to 24 hour free recorded information or speak with a representative. You can also visit Immediate Property Solutions, LLC online at http://www.oahuhousebuyer.com |
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