If you need to sell your house, you’re logically going to think about going to a real estate agency. They’re the professionals who deal with different local houses for sale every day, after all. But you may want to reconsider. Working with cash buyers of real estate can be a faster, easier, and more profitable solution. Here’s why.
Real Estate Agents Can Take a Big Cut of the Money.
Real estate brokers are trained professionals who have taken their education beyond the normal level required by state laws, and have passed their broker’s license exam. Naturally, such experience does not come cheap. Using a broker to sell your home can reduce the selling price of a typical home by as much as 7.7%. Even working with an agent, who doesn’t have the same level of expertise, can reduce the price. Their commissions can run as high as 6% of a home’s final sale price. This all may not sound like a lot, but when you’re dealing with hundreds of thousands of dollars, it can amount to about three months of your salary being taken out of your sale.
Homes For Sale on the Market Can Take Months and Months to Sell.
Houses for sale on the market can take a lot longer to sell than you might think. In a slow market, it can take about nine whole months to sell a property. Granted, that is a slow market, but a “fast” market is not that quick either. It can take as long as one entire month to sell a home in a fast market. And after a contract has been written to sell a house, there is additional time for the title work to be done and financing to be arranged, which can tack on weeks.
Competing in the Market Is Hard Work.
Even if you have the help of a real estate agent, it’s hard to compete on the market. First of all, you’re going to have to make repairs and renovations, which are labor-intensive, time-intensive, and cost-intensive. The most popular home renovations and repairs can actually take between two to six months to complete. Add that to the time it takes to sell a home in a slow market, and you could easily need well over a year to sell your home. Plus, you need to add about 20% to the cost estimate of any job to get a realistic price. Then, these renovations won’t even return the full cost of your investment, as most home improvements don’t have 100% ROIs. Second of all, even if you don’t need to fix things up, you’re still going to have to spend time and money if you want to compete. Home staging is one of the most effective techniques, but according to HomeGain’s survey, the average seller dropped a staggering $724 staging their home.
Houses for sale on the market take a lot longer to sell than you might think, even with the help of a real estate agent. Instead, work with cash buyers of real estate. You’ll be glad you did.
If you want to sell your house without a realtor please call us at 314-926-0660 or fill out this form
