Home Selling Options
A general overview of several ways a homeowner may choose to sell, especially when facing financial pressure or foreclosure
Below are several common selling options to consider when deciding how to sell a home.
This can be especially important if you are facing foreclosure, working under time pressure, or trying to protect as much equity as possible.
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Foreclosure Information →
Retail Sale
A retail sale generally gives the homeowner the most control over the price and terms they are willing to accept.
This type of sale may offer the best chance of receiving full market value, depending on the property, condition, and market timing.
Potential to sell closer to market value
Can be marketed by the homeowner or through a Realtor
Mortgage payoff, taxes, commissions, and fees are typically handled at closing
Any remaining proceeds generally go to the seller
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Auction Sale
An auction sale is another form of selling where the seller may still control many of the terms, but the property is marketed differently than a typical retail listing.
May be targeted to specific buyers
Often uses pre-set contract terms
May offer more predictable fees and expenses
Often sold as-is
May reduce negotiation back-and-forth
Seller may retain the right to reject the final bid depending on the auction structure
Bidding may take place in person or online depending on the company involved
Short Sale
A short sale is when a property is sold for less than the total amount owed on the mortgage or mortgages.
Because the lender is not being paid in full, lender approval is required before the sale can be completed.
Your lender must agree to the sale terms
It may help avoid a completed foreclosure on your credit report
It can still negatively affect credit
You may have a waiting period before qualifying for another mortgage
There are generally no excess proceeds to the seller
In some cases, the lender may still pursue or negotiate a deficiency balance
Wholesale or Investor Sale
A wholesale or investor sale typically involves selling to a buyer whose primary goal is to profit from the property, either by reselling it or holding it as a rental after improvements.
These sales can offer speed and convenience, but they usually do not produce full retail value.
This option may make sense in certain situations, especially when condition, timing, or repair costs make a traditional retail sale more difficult.
To learn more about investors and how they work, visit:
Investor Information →
Schedule a Free Consultation
The best selling option depends on your goals, your timeline, your financial situation, and the condition of the property.
If you would like to talk through your options, schedule your first free consulting call below.