Are you ready to say “hasta la vista” to Miama, Florida? Everyone knows that Miami is a beautiful, culturally vibrant and unique city, but if you’re selling a home there, there are a few things you might not know that could help your home compete in the local market. In this article, you will learn the best practices for selling a house in Miami!
There are three main methods of home buying and selling in Miami: working with an agent, selling your home to a company for cash, and selling by owner. Working with an agent is one of the most popular ways homeowners sell real estate for good reason—agents are experts in their field, and in their location, who know exactly how to sell homes! Look for a qualified agent in Miami who will work with you to list, show, and sell your home. Agents will take a commission from the sale commonly ranging from 5-6% of the home’s sale, so keep that in mind when pricing your home. Even with the agent’s commission, it’s likely that this method will result in selling your home for the most profit, although it may take a bit longer. Use HomeLight’s agent matching tool to find a trustworthy real estate agent in the Miami, Florida area.
A very popular method of selling property in Miami is through cash offers, and home buying companies that offer cash upfront for homes. Selling for cash is touted as one of the fastest ways to sell real estate in the current market, so if you’re looking to get rid of your home quickly, this method might be best for you. There are tons of home buying companies out there, but some can be sketchy, so do thorough research on the company you are interested in before selling to them. Read up on popular home buying companies in this HomeLight article, 8 of the Top We Buy Houses for Cash Companies in Miami. You can also use HomeLight’s Simple Sale tool in the Miami area. Simply input your home’s information, speak to a Home Consultant who will research your local market, and accept a cash offer!
Another home-selling method is listing your home For Sale by Owner (FSBO). This process can seem daunting from the outside, but preparing with lots of research on FSBO laws and regulations in your area will make it easier for you. If you’re selling a home by owner in Miami, the HomeLight article How to Sell a House by Owner in Florida gives a great overview of the process. You won’t have to pay an agent’s commission when you sell your home yourself, but you also won’t have an agent’s extensive marketing connections and industry insights. This can mean you end up with your house on the market for longer, or selling for a lower price than you would with an agent. Overall, selling by owner can be a challenge that doesn’t quite pay off, but for eager sellers ready to put in the work, you might be able to sell for the same amount as an agent without paying an agent’s fee.
Agents, cash offers, and FSBO are all methods that have worked well for home sellers in the Miami, Florida area, so if you’re ready to sell, do your research to find the method that works best for you!