Selling A House - Ease v Profit - A Dallas TX Example

When selling a house, you need to decide whether your priority is ease and speed of the sale or profit. Both options are fine, but the best one for you will depend on your situation and your priorities. In this article, we outline the benefits and drawbacks of both options to help you make a more informed decision.

Prioritizing Profit

Get More Money

It goes without saying that the main benefit and the main reason to prioritize profit when selling your house is to help you have more money at the end of the process. By waiting a little bit longer or potentially making some improvements to your house you have a better chance of attracting the right buyer who is willing to pay a higher price for your property.

However, that is where the benefits end.

Might Have To Wait

A big downside in trying to sell your house for profit is that you may have to wait a long time for someone to come and make you an acceptable offer. It is all well in theory that by holding off for longer and waiting for the right time of year you will find someone who is willing to pay you what you think your house is worth, but this does not mean that that will necessarily take place.

You could potentially wait months to try and sell your house for a high price and not have success which means you have lost more money in the meantime because you have still been paying your mortgage while you waited.

Have To Do A Lot Of Work

To sell your house for its maximum value you may also need to do a lot of work on the house. It could be aspects of the house itself that needs renovation or fixing. Or it could be aspects of your yard and the areas surrounding your house that need attention to be visually appealing.

One of the rules of house selling is that if you want to maximize your profit then your house needs to be in top condition inside and out and like with waiting for your house to sell you could end up spending a lot of money that you do not actually get back.

Profit Might Not Be As Much As You Wanted

You might wait the right amount of time and you might spend money making your house beautiful inside and out, but you may find yourself in a position where the offers that you get even after waiting and spending all the money on home improvements, are not what you had hoped for.

If the housing market deteriorates, or lots of other people in your neighborhood decide to sell their house as well you may be in a position where you cannot command the price you were hoping.

Prioritizing Ease

Won’t Get As Much

If you prioritize an easy transaction when selling your house, you are almost guaranteed not to get as much for your house as you would if you do some extra work and wait a bit longer. This is the obvious downside to prioritizing ease in the sale of your home but there are many upsides to consider as well.

Get It Sold Quick

The main benefit of prioritizing ease when selling your home is that you can sell your house very quickly. If you opt to sell your house to a cash home buyer not only is the speed of contract signing very quick, but the speed of settlement can be very quick as well.

When you work with a cash home buyer, they can come out to your house often at short notice, and it won't take them long to look at your home and provide you with the valuation at which they would be willing to purchase your home.

In most cases, this valuation will be less than you could potentially get if you were to spend the time and the money to prepare your house for sale, but there is a real economic consideration to be given to the speed of the transaction.

If you are in a hurry to purchase another property or need to move or access funds for some reason, then Cash House Buyers Dallas USA =can help with that.

Don’t Have To Do Repairs

The other main benefit of considering a cash home buyer is that you won't have to do any repairs or renovations. A cash home buyer will assess your property and make you an offer on the spot for the property as is and then you just decide to accept or reject the offer.

Final Thoughts

Though you can potentially get a lot more money for your house if you are willing to do more work and wait longer there is no guarantee that this delay and the effort will pay off. However, if you decide to prioritize when you sell your house you will not get as much money for it but it will be a lot simpler.