Here’s what every homeowner should hear about selling their home off market.
Many homeowners today—including you, perhaps—are being flooded with calls, emails, and even texts imploring them to sell their home. One advantage of selling off market via direct offer is that you don’t have to deal with the hassle of home preparation since there won’t be a need for constant showings. Especially in our current environment, not having strangers ambling around your home is a plus in and of itself. Of course, you also won’t have to deal with the stress of wading through multiple offers and worrying about whether you picked the right one.
However, if you do go the off-market route, will you be getting the best price for your home? A couple we know recently took one of these off-market offers to avoid all of the prep work and showings associated with the traditional route, and it worked out well for them in that regard.
Now, that being said, we actually had a buyer who was ready and willing to give this couple $20,000 more for their home than what they settled for. Knowing how hot our market is, it’s fair to assume that there may have been other buyers out there willing to give even more than $20,000 over for the home, so was the off-market route really the best?
“If you sell off the market, you may lose out on a lot of money.”
It worries me that, for the sake of convenience, homeowners are inadvertently walking away from a potentially sizable gain on their property. In Snohomish County, we had 1,253 sales in July but only 876 listings, and that’s because many sales occurred off market. It’s alarming to think that hundreds of people may have sold their homes for less than market value.
Just remember that you don’t have to do this on your own, and you don’t have to be pressured into taking an “easy” path that could lead to regret; call your trusted Realtor to help you through this process because it’s important to have a professional representing your best interests.
As always, if you have any questions or real estate topics that you’d like me to discuss, please feel free to reach out via phone or email. I’m here to be a resource for you, and I look forward to hearing from you soon!
