Home Business The Pros and Cons of Hiring An Agent To Sell Your House

The Pros and Cons of Hiring An Agent To Sell Your House

The Pros and Cons of Hiring An Agent To Sell Your House

You’ve made the decision that now is the time to sell your house. Should you employ the services of a real estate agent or broker to actively market your property? Do you understand how much commission you will payout? For how long are you willing to wait on your home to receive an offer? How much time will it require to sell? What type of repair services will you need to make? Are you prepared to have your house showroom ready at all times? Do you want to be bothered with the hassle of showing your home with 24-hour notification, or less?

Commissions, Closing Costs and Fees

Real estate brokers are typically paid based on a percentage of the sale price of your house. If you do not utilize an agent, there would never be a need to pay any commission to a buyer’s or seller’s representative. By avoiding paying commissions a homeowner can save thousands of dollars on the sale of their home. The typical compensation is 3% per side of the sales transaction which would total 6% (in some instances, the listing agent will actually sell it as well and collect the entire 6% commission).

For example, you market your residence for $300,000, you would need to pay $18,000 in commissions alone! Now add in the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agent’s office. You can imagine how much a homeowner actually gives up when they sell a home the traditional way. Professional real estate investors commonly do not charge commissions, service fees and pay all or most of the closing costs. Sure, there are discount brokers who may charge a lower transaction fee or even a flat rate fee but be wary of the services you will actually receive.

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The Waiting Game To Sell Your House

Licensed real estate agents through the brokerage they work with have accessibility to the multiple listing service, or MLS, which allows your residential or commercial property to be discovered based on features of a home. Most multiple listing services actually propagate the information from the listing to 3rd party platforms such as Redfin or Zillow. At first glance with all of this “visibility” for properties may seem fantastic, does a homeowner actually know when their house will actually sell? Just how quickly will offers come in? 2 weeks? 4 weeks? 3 months?

On the other hand, when working with real estate investors as well as other direct home purchasers commonly have a network of other investors, so if your residential or commercial property does not fit their portfolio, then it may fit one of their associate’s portfolios. Either way, this implies very minimal waiting time for an offer.

When you offer your house to professional cash home buyers, they can close extremely fast, some in as little as 7 days. These investors offer a homeowner the ability to close much faster than selling to a conventional house buyer. A real investor will have the funds to close the property without approvals from other parties, Selling a home the traditional way to a regular buyer generally require financing approval from banks which necessitates a home inspection, property appraisal and continued hope that the buyer will end up qualifying or doesn’t get cold feet.

Property Inspections & Repairs

Experienced and professional home buyers are more than happy to buy any property in as-is condition. Homeowners such as yourself never have to worry about making any repairs or perform maintenance prior to closing. These additional expenses can add up quickly with a traditional sale but aren’t the case when you sell directly to an investor.

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When considering to sell your house ask yourself the following questions…Does the outside (roofing system, siding, trim) need repairs? How does the exterior painting on siding, trim and doors look? Check the interior condition of walls, ceilings, stairs, fixtures, appliances, and mechanical systems. Has water quality tested if you have a well? Do you need to fix or paint ceilings or walls? Can the floor covering be cleaned up, or does it require to be replaced? Can you declutter, tidy and stage the home yourself?

Most professional cash home buyers do not require any sort of inspection or appraisal. Utilizing a real estate broker guarantees that inspections, appraisals, and repairs will need to be done prior to any closing. Any problems found could jeopardize the entire transaction and you would have to start it all over again with another buyer. If they discover something wrong with the residential or commercial property framework, they might need you to fix it out of pocket prior to the home closes.

Open Houses & Viewings

If you decide to make use of a professional house buyer, you will certainly not need to worry about going through a rollercoaster of emotions and weeks of uncertainty. There are no irritating, middle-of-dinner phone calls asking if strangers can come to view your property in a half-hour. No more mornings of getting up early to make sure the house is in perfect condition prior to going to work in case someone comes to view the house while you are out. You do not need to bother with perhaps facing a purchaser’s representative or their clients or dealing with them asking you concerns that you really shouldn’t respond to anyhow. You likewise do not have to bother with purchasers negotiating with you over which furnishings you are taking and also what you are leaving.

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In Conclusion

Selling a house through a real estate agency can be a frustrating, drawn-out and tiresome ordeal for any homeowner.  However, selling your home doesn’t have to be this difficult when you sell directly to a reputable cash home buyer like CashOfferOnHouse.com.  There are many situations to think about when you are ready to sell your house.

Having the reassurance that your home will sell and for a fair price is the main priority for sellers. Cash Offer On House offers this and much more to make the home selling experience as fast, easy and simple as possible.

One Comment

  1. Jack Rady

    January 2, 2020 at 5:22 am

    Thanks for the informative post on hiring an agent to sell a house. Often times homeowners never realize that they have other options to sell and are never required to use an agent.

    Reply

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