When deciding to sell your home you have two options. You can use the services of a real estate broker or you can sell it yourself to a “We Buy Homes for Cash” company. Each scenario has its pros and cons, which are described below. Every situation is different and we want to make sure you make the best decision possible. We’ve also outlined some key questions to ask yourself before making this big decision.

Real estate agents. Real estate agents are the best source for selling your property. It is a proven fact that real estate agents will get at least 10-20% more for your property than you would if you sold it yourself. It is also a proven fact that you will sell it 50% faster using the services of a local real estate agent. Since most agents are up to date with up-to-date trends, they will be able to guide you on what items need to be addressed to get the maximum price for your home. With an agent who specializes in your neighborhood, they may have connections with buyers through colleagues and past clients that you don’t have access to. An agent network is a very powerful tool for selling your home quickly. I recommend using larger cooperative brokers like Berkshire Hathaway or Coldwell Banker Gundaker.

With any service provider, this represents a cost to do business. The average expense of a real estate agent is 6-7% of the sale price of your home. For example, if you sell your home for $ 200,000, it will cost you between $ 12,000 and $ 14,000 at closing. If you decide to use a real estate professional to sell your property, you are most likely dealing with financed buyers, which means you may have to pay the seller commissions ranging from $ 3,000 to $ 5,000. Selling to a financed buyer also means that once you sign a purchase contract, you will generally have to wait 30 to 60 days to close. Let’s not forget the cost of inspections, either. Most cities require the home to pass an occupancy inspection. When the city dispatches an inspector, there may be items that do not meet the city’s requirements and may be expensive to repair. The potential buyer will also hire a private inspector due to their own due diligence to see what the home may need. This can also be costly if the buyer has high demands before deciding to go ahead with the purchase. The extra money you earn by hiring a real estate professional can be written off at the expense of broker fees and inspection expenses.

We Buy Houses Companies Cash. These companies often have a bad reputation in the area. They are often seen as scammers or dishonest people when in reality these companies can be of great use to people. Like everything, there are pros and cons to taking this route. Since these ugly home buyers are investors, they won’t give you the full price for your home. They typically buy properties for between 50 and 60 cents on the dollar.

But before you kick these guys out of your house, take a moment to think about the benefits of selling to a cash investor. Easy money! In most cases, these buyers have the cash to buy the property right away. Not only will it be a cash sale, but you won’t have to worry about paying any concessions to the seller. Often times, they will even cover your closing costs, saving you additional money. These cash buyers will also save you those high commission from real estate agents. Since your property is for sale by the owner, there will be no brokers involved. No broker = NO COMMISSIONS! Did I mention that no inspections will be done? Since this is most likely a cash sale AS IS, the buyer will not bring in a city or private inspector, which means they will not have to make any repairs to the property. So even if you don’t get the full price for what you think your home is worth, you will save tens of thousands of dollars in fees and repairs. It makes the deal even sweeter knowing that they can be closed in as little as 7-10 days if necessary. The best part about selling to a cash investor is that you can leave unwanted items at the property so you can save even more money on moving expenses.

This is a great decision that should not be taken lightly. There are some questions to ask yourself before deciding which route to take.

1. Does the house need repairs?

2. Is the house out of date by current standards and what do other similar houses look like?

3. Do I need to sell immediately?

4. Is the repair list too much for me right now?

5. Will a quick sale take the burden off me from dealing with this property?

If you answered yes to any of the questions above, you probably want to consider selling to a local real estate investor who has the cash to close immediately. A quick cash offer with no real estate agent fees, closing costs, or large moving expenses may be the best option for you. If the house has held up fairly well over the years and you can afford to sit in it for a while, your local real estate agent will be the best option for you and your bank account.

Click the following to learn more about Berkshire Hathaway or Coldwell Banker Gundaker.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *