When it comes to selling a home in Phoenix, it’s crucial to get a handle on all the moving parts of the process. Homeowners in Phoenix often hold misconceptions that can lead to costly mistakes. In this article, we will address six common misconceptions about selling properties in Phoenix and explain how opting to sell directly to BE Buys can offer a more efficient and cost-effective solution in specific scenarios.
Misconception Number 1: I need to make costly repairs before selling my house in Phoenix
While some homeowners think they must invest in expensive repairs before selling, this isn’t necessarily true. For example, two common “big-ticket” items in Phoenix are plumbing and the air conditioning system (HVAC ). To most, it would seem these items would need to be in good working order before a buyer would want to purchase the property. However, at BE Buys, we buy homes in their current condition, eliminating the need for costly renovations. This can potentially save homeowners thousands of dollars in expenses.
Misconception Number 2: I will get a higher price for my house by listing with a real estate agent.
While some homeowners may think that listing their property with a real estate agent will result in a higher selling price, this is not guaranteed. Real estate agents typically charge commissions, sometimes as high as 6% of the sale price (although this could be changing in the future with the NAR settlement). These fees can eat into the profits that homeowners make from the sale. As of March 2024, the median sales price in Phoenix is $445,000. So, on average, Phoenix homeowners are paying over $26,000 in commission costs alone. This doesn’t include concessions to the buyer, or standard closing costs either. Choosing to sell directly to BE Buys can bypass these expenses, enabling homeowners to retain 100% of the sale price (minus anything owed against the property).
Misconception Number 3: Selling a home takes a long time.
Contrary to popular belief, selling a home doesn’t have to be a lengthy process. For reference, as of March 2024, the average number of days on market is 68 in Phoenix. That means, from the time the property is listed, it takes an average of 68 days for an accepted contract from a qualified buyer. Then it takes another 30-45 days on average for the sale to close. While some traditional home sales can drag on for longer – six months or even years, BE Buys offers homeowners in Phoenix a faster solution. With the ability to purchase homes in as little as seven days, we help save time and alleviate the stress often associated with selling a property.
Misconception Number 4: I need to stage my home to sell it.
While some homeowners may think staging is a must when selling their homes, it’s not always a requirement. At BE Buys, we buy homes as-is, eliminating the need for staging or any preparation. This not only saves time but also money for homeowners in Phoenix. We even take care of cleaning the property ourselves, making the selling process as easy and convenient as possible.
Misconception Number 5: I need to pay for marketing to sell my home.
When it comes to selling your home yourself (fsbo), many homeowners think they have to invest in marketing efforts. But the reality is, that’s not always the case. At BE Buys, we buy houses directly from homeowners, eliminating the need for costly marketing campaigns. This can potentially save you thousands of dollars that would have been spent on advertising.
Misconception Number 6: I need to negotiate with buyers to sell my home.
While many homeowners think they have to negotiate with buyers to sell their homes, that’s not necessarily true. At BE Buys, we buy homes directly from homeowners, removing the need for them to negotiate with multiples buyers. This process saves time and relieves the stress of dealing with potential buyers. If we shake hands, consider it a done deal and sold.
Alternatives to Listing Your House in Phoenix
By choosing to sell your home directly to BE Buys, homeowners in Phoenix can save valuable time and money. With no repairs, commissions, staging, or lengthy negotiations to worry about, the selling process becomes much simpler and more efficient. BE Buys is able to purchase homes quickly and in as-is condition, reducing stress for homeowners and streamlining the sale. If you are considering selling your home in Phoenix, reaching out to BE Buys could be a wise financial decision. Contact our team at 480-237-9387 to learn more about this hassle-free and cost-free selling option.