Selling Properties Directly (Off-Market) in Rhode Island.

Depending on the condition of the property, selling a home in Rhode Island can require quite a bit of effort. Several homeowners come to me looking to strike a balance between getting the best value for their property while also ensuring a smooth and hassle-free transaction. One way to achieve this balance is by selling your property directly to a buyer (off-market), cutting out the need for an agent and the associated fees. While working with a Realtor in Rhode Island can be the right choice for some, not all homeowners will receive the maximum value for their home unless they sell directly to an end buyer.

At Home Tree LLC, we specialize in evaluating properties and making cash offers directly to owners all around Rhode Island. The owner, Matt, is also a Realtor with Keller Williams in Newport, and has experience representing buyers and sellers all around the state. Over the years, we have received numerous questions from homeowners about the process of selling their properties off-market…directly to a buyer. In this blog post, we will answer 5 of the top questions we receive about selling properties directly in Rhode Island.

1. What are the advantages of selling my property directly?

Selling your property directly to a buyer (skipping listing it on the market with an agent) has several advantages. Firstly, it eliminates the need for a real estate agent, thus saving you the associated fees, lack of privacy, and making needed repairs/cleaning. Secondly, it can speed up the selling process as there is no need to wait for a third party to find a buyer. Thirdly, it gives you more control over the transaction and allows you to negotiate directly with the buyer as opposed to through your agent.

Certain Rhode Island home sellers may have a property that is in need of repair and serious amounts of cleaning before listing it with an agent. Properties that are in need of repair or that have been inherited are prime subjects for direct off-market sales. Investors and house flippers are able to purchase homes as-is which means they make offers based on the condition of the property thus no repairs are needed. Selling a your Rhode Island home directly can save you the time, money, and stress involved in a traditional sale. Call me today if you would like to further discuss the advantages to selling your home off-market and to find out if a direct sale is right for your specific situation.

2. How do I know if my property is suitable for direct sale?

Most/all properties are suitable for direct sale…that being said it is important to note that the value of your property will depend on several factors – such as its location, condition, and market demand. At Home Tree, we buy properties in all conditions around Rhode Island, so even if your property needs repairs or is located in a less desirable area, we may still be interested in buying it.

Matt is an investor, house flipper, and licensed Realtor with Keller Williams in Newport Rhode Island. His specific set of skills and connections allow him to offer buyers, sellers, and renters more options than traditional agents can. If you’re wondering what a off-market sale would look like financially compared to a traditional sale, call Matt today and he can walk you through your options so you can make an informed decision.

3. How do I determine the value of my property?

Determining the value of a property is as much an art as it is a skill. With online tools like Zillow and Realtor.com, homeowners are more informed than ever – that being said it is important to note that these online tools will not always be accurate…a proper home evaluation requires human experience as well as local market knowledge. The value of your property will depend on several factors, such as its location, condition, and market demand. One way to determine the value of your property is to pay for a professional home appraisal. Alternatively, you can research similar properties in your area that have recently sold to get an idea of the market value. At Home Tree LLC, we offer free property valuations to property owners interested in selling their properties directly…Matt is a realtor and would be happy to provide you with an in-depth comparative market analysis to help you better understand the value of your Rhode Island property.

4. What is the selling process like when selling a home off-market?

The selling process when selling directly is typically much simpler and faster than when using a real estate agent…it also offers you more control over the outcome and saves you the need to pay commissions. At Home Tree, we follow a simple 4-step process:

Step 1: Contact us and provide us with information about your property.
Step 2: We will schedule a property viewing and make you an offer.
Step 3: If you accept our offer, we will draw up the necessary paperwork and schedule a closing date with our local title company.
Step 4: On the closing date, we will complete the transaction and pay you the agreed-upon amount. All closings and paperwork are handled by a local attorney or title company.

5. How long does the selling process take?

The length of the selling process will depend on several factors, such as the condition of your property and the complexity of the transaction (liens, divorce, mortgage payoff etc.). At Home Tree LLC, we strive to make the process as fast and hassle-free as possible. In most cases, we can complete the transaction within a few weeks. We pride ourselves on accurately valuing your property and making you a competitive offer based on current market conditions. Matt will be upfront and walk you through how he valued your home as well as well as the expenses/risk he will incur when flipping or selling your home…this will better help you to understand the value of your home and the reason for the price offered. This level of flexibility and honesty will not be offered by a traditional Realtor…working with Matt at Home Tree can help you to cut through the sales tactics and reach a outcome that is desirable to you and your needs.

Selling your property directly in Rhode Island can be a smart and hassle-free way to get the best value for your property. At Home Tree LLC, we specialize in buying properties directly from owners and can help you achieve a smooth and stress-free transaction. If you have any questions about selling your property directly, do not hesitate to contact us today. We would love the opportunity to make you a straightforward, zero-obligation offer for your house in Rhode Island. Give us a call today! (401) 527-0667