An attached house in Detroit is a dwelling that shares a common wall or walls with another dwelling. These are most commonly duplexes and townhouses, but can also be other multi-family dwellings with a higher number of units. If you’re ready to sell, here are five things you can do to sell your attached house in Detroit.
Post on the Bulletin Board
If your attached house in Detroit is located in a community, there will probably be some sort of commonplace for postings in the community, such as a clubhouse or pool house. Your community may also have an online website where members can post notices or items for sale. Make this your first action. There are many owners in your community that would love to have their friends or family in the same community, so this would be a great opportunity for them to make an offer before the property is on the market, so to speak. If your property is not in a community, there are plenty of for sale by owner sites you could list on that are Detroit specific.
Post a Sign in Your Yard
Another thing you can do to sell your attached house in Detroit would be to post a for sale sign in your yard if your community allows. Make sure to pay attention to any size requirements, otherwise, you might get a citation from the code ordinance office. This will notify potential buyers driving around in the area that the property is for sale without having to see your notice on the physical or digital bulletin board. This method may cause tire kickers to call or schedule showings and they may or may not be that serious about purchasing your attached house.
List on the MLS
If you are not interested in the first two methods, another thing you can do to sell your attached house in Detroit would be to list on the MLS or multiple listing service. This is a special network of real estate professionals that pay a membership fee in order to search and list on this service. Listing on the MLS will open up visibility to your property to pre-qualified buyers that are working with a real estate professional to find attached houses like yours. Be prepared to pay commissions for this transaction on the MLS, since real estate professionals market your property for a commission in return. You will also need to pay attention to the comparable properties on the MLS already. If there are a lot of sales for properties like yours, you may not get a full price offer since the market is saturated. If there are not a lot of attached properties like yours, you may be able to expect asking price or higher, as long as it is in line with the market and other recently sold comps.
Sell to a Home Buyer
If you are in an urgent need to sell your attached house in Detroit, selling to a professional home buyer might be the option for you. They usually provide cash offers with an extremely quick closing time frame and may or may not require an inspection first. The home buyer will usually have a large network of investors with multiple portfolio types and can easily add your property to it.
Offer Owner Financing
There are many future buyers that are looking for a lending alternative who may not have the best financial history on paper but are honestly trying to improve that. Offering owner financing might be a great option to open up your playing field to more people. Just make sure to do a background and reference check. Owner financing would also be a great option if you are looking for long term monthly payments.