For many people, when they think about selling their houses, the first thing they will do is look around for a local Cincinnati real estate agent. Agents can be a wonderful asset when selling your house, however, it is not the only strategy you should consider.
There are many ways to sell your house, especially in this current market. If you live in a hotter Cincinnati neighborhood like Anderson Township, Mason, Madeira or another part of the city with a coveted school system, you may find that there are buyers lined up who want to buy your house right now.
By doing a little homework, you can successfully sell your house on your own, saving you time and money overall. In our latest blog post, we will discuss some of the most common costs of a traditional listing, so you can determine if hiring an agent is the best choice for you!
The Pre-Listing Costs
Before you consider putting your home on the market, take a look at other homes on the MLS. Without access to the MLS, you can use sites like Zillow or Trulia to get a pretty good feel for what’s out there. However, don’t used the Zestimate.
Check out what people are asking for comparable properties and more importantly, look at what comparable properties are actually selling for. How does your house stack up? Will people opt for your house over the one next door? You will need to look t it from a buyers point of view.
They will want to get the most for their money. This means you will likely have to make some repairs, touch-ups and even upgrades to the home in order to be competitive. Houses that sit on the market lose interest among buyers over time.
If the property doesn’t sell in today’s market, people will likely believe there is something wrong with it. You need to come out of the gate with a house that wows potential buyers and proves to be an excellent value for the money.
So, to fix up your Cincinnati house, that may be several thousand dollars of repairs and touch ups before you even list the house for sale.
Agent Costs
Agents don’t work for free. Many agents work incredibly hard and deserve every penny you pay them. That said, be wary of those who don’t. How do you know? Check online reviews and talk to friends about how is a good Cincinnati Real Estate agent. Also, check out their About page to see if they are someone you would want to work with.
While every agreement is different, when you commit to listing with an agent, you also commit to paying their commission which typically runs about 6% of the final sale price. You will owe the agent this amount, even if you sell the property on your own to someone you know. In addition, some agents will charge you for administrative costs, listing fees, marketing, listing sites, photography, and more. Make sure you know exactly what’s included in your listing agreement as no two agents are the same.
At The Closing Table
Once the closing date comes around, in addition to paying your agent, you may also have to come up with the closing costs. You can usually estimate this to be approximately 2% of the final sale price. The closing costs include things like appraisal fees, taxes, deed recording, title search, fee recording, credit checks and more. With a direct sale to We Buy NKY Houses, all of these costs are covered for you.
Time Is Of The Essence
When you list your house, you are in a sense, gambling. You aren’t offered any guarantees such as how much you will get or when the house will close by. A good agent will be honest with you about how much it can sell for and get a high percentage of listing to sale price.
But, not having a good agent can make it difficult to plan ahead and move on with your life. In addition, you will have to continue paying the monthly costs for the home such as insurance, taxes and monthly utilities.
An agent can list your house for any price they want, however, that doesn’t mean you will get it. With a direct sale to [comapny], you will be able to know the exact amount you will receive as well as the closing date before signing anything. We aim to make the process as clear and as simple as possible.
At We Buy NKY Houses, we can make you a cash offer. Or, if you choose to list your property, we would refer you to Team Sztanyo who is a top Cincinnati Keller Williams Agent. You simply need to determine what is the best route for you to sell your Cincinnati house.