The Three Ways To Sell Your Home In Knoxville

The Three Ways To Sell Your House In Knoxville

When most homeowners decide to sell their home, they think about listing it with a real estate agent. However, there is more than one way to sell your Knoxville home. There are actually three ways.

#1 Sell Through A Real Estate Agent

Listing your Knoxville home.

Selling through a real estate agent is the traditional way most homeowners sell their home in Knoxville. The homeowner chooses the real estate agent that will list the home.

The agent will act as the "middle man" by showing potential buyers through your home until one of those buyers decides to purchase your home. The potential buyer will make an offer and the agent will negotiate on your behalf. 

The timeline for listing your home can take a long time, on average 3-6 months. Homeowners that choose this route, typically do less work and gamble that their home will sell at the price the agent suggests. In order to go this route, you will need money to repair your home, and you will also spend money at closing on agent fees. 

#2 Sell Your Home On Your Own

Selling your Knoxville home as a FSBO

Selling your home on your own has grown in popularity as of late, as homeowners try to save money on agent commissions. Selling your home on your own, or FSBO (For Sale By Owner), is very similar to selling through an agent. The main difference is that the homeowner is responsible for taking pictures, negotiating with potential buyers, filling out the necessary documents, and promoting their own home. 

The homeowner is also responsible for finding a reputable title company and coordinating the transaction. 

There are many similarities to listing your home with an agent, and listing your home on your own: the timeline for selling your home is usually the same and the homeowner is still responsible for paying for the repairs upfront to make the home sell faster. Most homeowners who choose this method don't mind the extra work involved, and they would rather save money on commissions. 

#3 Sell Direct To A Knoxville Cash Homebuyer

Selling to a Knoxville cash homebuyer

Selling to a cash homebuyer in Knoxville is gaining popularity as homeowners look to other methods to sell their Knoxville home. The process of selling to a cash homebuyer is very different - it's faster, easier, and doesn't cost the homeowner anything. 

Rather than listing, repairing, and showing the home, they sell directly to the professional home buyer who has cash and is ready to buy the home as-is.

Professional homebuyers have the funds to close quickly and offer the homeowner a much easier process. The seller doesn't have to pay for repairs and can simply walk away from the property. Professional homebuyers will usually pay closing costs and fees.

In short, there are multiple ways to sell your home in Knoxville, Tennessee. Hopefully you now have the tools to make the decision that is best for you and your family.