Pros of Selling your house off market :
Pros Reason #1 : Want a slower paced transaction
When you’re selling your house and you’ve been told you need to “get rid of things” prior to the photographs- not everyone can purge, organize and donate fast enough. If this is You- its a good fit. Buyers who are able to “look past” clutter are sincerely motivated.
Pros Reason #2 : Have issues with condition :
Some people have leaks in basement, leaks in roof or embarrassed by an outdated room. Buyers who are “Stalking” the market are willing to accept or have time to make sound decisions when it comes to updating a house- this might be a person to be in a transaction with…
Pros Reason #3 : More private than the average person
As a self proclaimed social introvert, I am not invitational for people to come to my house. Im private. If you’d like to micromanage who knows what about your house or your belongings, you might be a good candidate for a private sale off market listing.
Pros Reason #4 : Need to Sell before you Buy
Not everyone can create the 20% cash downpayment to buy a house in this competitive market. Not everyone can qualify for existing and desired house simultaneously. A private pocket listing sale can offer you ability to negotiate occupancy that is usually long to create your desired move.
Cons of Selling your house off market :
Cons Reason #1 : Your neighbor had 17 offers
An auction effect for updated, desirable homes is pretty insane right now. If your neighbor had 17, youll get 17… Make sure youre comfortable with your agent organizing 17 offers and that youll maintain the professional demeanor of the transaction. Just because you’re in the drivers seat doesn’t give permission to play bumper cars!
Cons Reason #2 : Waiving contingencies sounds too good
Waiving financing contingencies (paying cash), waiving inspections or showing funds for appraisal gaps; its all very appealing.
Cons Reason #3 : Cash buyers make sales easier
Wide perception is that Cash Buyers are the Best! The value that Cash Buyers bring is speed and appraisal waiver. On the Ohio Contract, a cash buyer can still have an appraisal contingency, so be careful understanding why!
Cons Reason #4 : Want to move out before showing and professionally stage
You can’t handle having people walk through your life as you work from home, you need to move out before showing.
This is actually a stronger reason to sell off-market but you need to attract the RIGHT people FIRST! That is tough job and requires an agent of quality.
