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Updated almost 2 years ago,
Best approach to sell my SFH property
I have a 2 bedroom, 1 bath SFH in the Bellevue, WA area in an area where most of the original houses are being torn down and luxury homes are being built. It was my primary residence until recently, but I have moved into my 2nd home and my husband and I have decided to live there permanently. We are ready to sell our Bellevue home and I am trying to figure out my best option to get a good price and maximize our profit (without doing a remodel or building a new house). My husband and I have been contacted about selling it as-is multiple times over the last few years, and have finally responded to one of the requests. They have sent over an offer which is a lot lower than the tax appraisal and what the bank appraisal was a few months ago when we bought our second house. I'm assuming I could counter offer, but their offer expires in 2 days so I feel like it is rushed and I should pass so I can take more time and do my due diligence on the best approach for selling the property.
These are the options that I have come up with and wanted to get feedback on and I would also love to know if there are other options I should be considering.
Option 1 - List it with a real estate agent on the MLS - I'm not sure how to go about finding an agent that would help us sell as-is without trying to do a lot of remodeling since I think it would make more sense to tear down and build something new.
Option 2 - try to sell it off-market and see if I can try and get a better offer than my current offer. I'm not sure how to find buyers off-market and how to negotiate. I did contact 1 builder who thought the lot was too small for the houses they build. Would it be worthwhile to contact other builders myself and see if I can sell it that way.
Option 3 - try and rent out the property for now - and see if the housing market gets more competitive next year.
Are there other options that I haven't considered? What should I be considering as I am looking at offers?
Thanks for your input!
Bethany