You’ve decided it’s time to sell. Do you want to know the Pros and Cons of hiring an agent to sell your house in Greater Cincinnati Area, KY & OH? Do you want to pay large commissions? How long are you willing to wait for the house to receive an offer? How long will it take to close? What sort of repairs will you have to make? How does the house look when I leave for work in the morning? Are you available to show your house with 24-hour notice, or less? Read further to understand the Pros and Cons of hiring an agent to sell your house!
Commissions and Fees
Real estate agents are paid based on a percentage of the sale price of your house. If you do not use an agent, there will be no commissions paid to a buyer’s or seller’s agent. That means thousands of dollars in savings! The usual commission is 3% per side, so if you sell your house for $400,000, you would have to pay $24,000 in commissions alone, along with the traditional seller’s closing fees and other possible transaction fees to the closing agent and the real estate agents office. Real estate investors typically do not charge commission or transaction fees, and if they do, it is extremely low in comparison.
Waiting Time Frame
Real estate agents have access to the multiple listing service, or MLS, which allows your property to be found in searches for certain features of a property. This may sound great, but how long will it sit on the market? How fast will you receive offers? Real estate investors and other direct house buyers typically have a network of other house buyers, so if your property doesn’t fit their portfolio, then it may fit one of their colleagues’ portfolios. Either way, this means very limited waiting time for an offer. Also, when you sell your house in Greater Cincinnati Area, KY & OH to house buyers, they will typically close faster than traditional house buyers, and usually in pay full in cash. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end.
Inspections & Repairs
Professional house buyers in KY & OH will usually purchase houses as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. When you use a real estate agent, the buyer’s agent will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes.
If you decide to use a professional house buyer in Greater Cincinnati Area, KY & OH, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your house. You don’t have to worry about leaving your house spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
There are a lot of situations to think about when you are ready to sell your house. We can help you decide which avenue would be best for you.
Please give us a call today at (859) 412-1940 or send us a message to discuss the pros and cons of hiring an agent to sell your house in Greater Cincinnati Area, KY & OH.
Are you looking to sell your house and you want to know what’s the best option? You are wondering if it’s better to sell your house yourself or if you would rather hire an agent to help you sell your house. When you call our hotline, you’ll be connected with our real estate expert who will listen to the specifics of your situation before making recommendations and answering any questions you have.
Choose what’s best for you! The professional hybrid agent investors at We Buy NKY Houses can offer you BOTH options. At We Buy NKY Houses, we will run the numbers and go through everything in detail. Our goal at We Buy NKY Houses is to inform you of every step of the process with complete transparency. We Buy NKY Houses our job is to make sure you feel confident in your decision when selling your house in Greater Cincinnati Area. Contact We Buy NKY Houses at (859) 412-1940 today