Hiring a Real Estate Agent vs. Direct Sale
There is a lot to consider when you are trying to sell your house. This article will help you make the best choice for your property!
How do I decide?
Ultimately, the decision of whether to sell for cash or through a realtor comes down to what you see as the best fit for your property. Rarely is there ever a true right or wrong answer, but instead it is about what you feel the best call is.
If you are pressed for time and need to sell in a matter of days, selling for cash might be the best option for you. Maybe you got transferred because of your job and you have to relocate quickly. If that is the case, selling cash might be a more viable option.
While selling for cash may be the ideal situation for some, others greatly prefer working with a real estate firm. You have direct access to an expert in the field who can provide you with all of the information you need, as well as assist you in getting the best price for your home.
When looking to sell your house, it is important that you know and understand all of your options so that you can make the best decision for your property.
Money Matters
A lot of people are curious about how the money pans out when choosing whether to sell for cash or to sell through a real estate agent. There are a few different factors that you have to consider.
The first factor to consider is commission rates. When you work with a realtor, you have to pay a commission fee when you close that usually comes to around five or six percent. It may not sound like much, but it can be a bit of a shock if you aren’t aware of that going into the closing.
It is also important to be aware that when you sell to a cash buyer, you will not be able to get as much for your property as you would if you sold through a realtor. When selling for cash, people will typically only get 65-80% of their home’s market value. My Tennessee Home Solutions, however, always offers fair and honest prices for your property.
What are the benefits to working with a realtor?
There are a lot of benefits to working with a realtor! Realtors are experts in the field of buying and selling property, so they would be able to answer any questions you have and help you navigate the chaotic housing market. They will be able to negotiate the highest price a buyer would be willing to pay, and they will advertise your property in ways that you may not be able to achieve on your own. If your timeline allows for it, choosing to buy and sell with a realtor is a wonderful option for a lot of people.
What are the benefits to selling for cash?
One significant benefit to selling for cash is the timeline. If you are trying to sell in a crunch, selling cash can be the fastest way to do that.
Another great benefit to selling for cash is that it is very low risk. You don’t have to worry about the buyer’s finances falling through. Either they have the cash or they don’t.
By selling to a person or a business for cash, you can avoid putting your house on the market altogether, which will save you a substantial amount of time. Maybe cash buyers will purchase the house as-is, which will prevent you from having to stage your house for showings!
Where can I find cash buying businesses?
All it takes is a quick google to find a cash buyer for your property! There are hundreds of them out there. Businesses will have websites online as well as advertisements all over the place. Individual buyers will often place advertisements in local businesses or even through signs placed along busy streets.
We personally recommend My Tennessee Home Solutions for anyone looking to sell their property in the Nashville, Tennessee area. They are an honest and reliable business that buys houses in cash for a fair and reasonable price. They have wonderful reviews and we can’t recommend them highly enough.
How long does it take to sell cash vs realtor?
That greatly depends on the housing market at the time that you are looking to sell your property. During certain periods of time, houses can sell within hours of being put on the market. At other times it can take weeks, and even months. This is why it is so important that you do your research before making any hard and fast decisions.
If you are in a pinch to sell a house, the best option would be to sell for cash! It is a much faster and simpler process. You can sell your house very quickly, considering you just have to call a buyer.
Be informed
Whatever decision you are leaning towards, it is important to make sure that you have gathered all of the information you could need. When selling to a cash buyer, there are a lot of people whose biggest concern is being taken advantage of. The best way to avoid this is to gather all of the information regarding your home’s value beforehand, and do your research on the most reliable cash buyers in your area.
There are a lot of different resources you can use to gather information. The first thing to know is how much your house is worth. This is useful if you plan to sell for cash because it will help you in negotiating with the buyer. If you plan to list it on the market it gives you an understanding of what range to list it in.
Another great piece of information to have is how much the houses in your neighborhood are going for. There is a lot of other great information to have that you can find with a simple search!
In Conclusion
In the end, the decision to go with a realtor vs a cash buyer is a decision that only you can make based on your individual circumstances. There are pros and cons to both so it is important to carefully evaluate all of your options.
If you are looking for an expedient and stress free process, the best option may be to go with a cash buyer. If you have more time and are looking to sell for a higher price, choosing to work with a real estate agency might be the best option for your property.