Sometimes, the possibility of having to wait months, or even years to get your house sold just isn't going to fit the bill. Life does happen, quite often in ways that are entirely outside of our control. When you need to move for a job change or personal matters, waiting out the real estate market can seem like a frustrating obstacle. Or, if your finances have caused you to fall behind on your mortgage payments, you may be faced with the need to sell your house before it can go into foreclosure. Before you list your house with a local realtor, look at some of the secrets of the trade that agents don’t want you to know.
1. How Much It Will Really Cost to List Your House for Sale
Most realtors charge around 6% of the selling price of a house as their fee. But listing a house with an agent is a much more involved process than just posting signs or putting pictures online. A realtor will tell you that you need to have your house looking its best in order to bring in buyers and to get you top dollar. There are a lot of hidden costs that may include hiring professional contractors, painters, repairmen, interior designers, photographers, or landscapers. You may also have unexpected costs if you owe capital gains taxes at the closing or if you have outstanding mortgage payments or utility bills. Most houses that sell “as is” simply don’t sell as easily or quickly as one that has been upgraded and staged to look its best.
2. An Open House Is for the Benefit of the Agent – Not You
Some owners notice they are getting a lot of lookers but no real buyers. That’s because a lot of the people who are looking are more interested in assessing the neighborhood or the market than they are in your house. The agent will make sure they leave with their card in hand. The agent can make many long-term leads for future sells without ever finding an interested buyer for your house.
3. Bigger Doesn’t Mean Better When Talking Realtors
Every neighborhood has them; realty companies that dominate with sale signs featuring any of a number of agents. If you hope to get more for your house by placing it with a large, dominant real estate company, don’t be fooled! They aren’t going to offer you better service or get you more money for your house. In fact, most companies don’t assign homes to a certain agent anymore. Instead, they leave it up to the individual agents to make the match between a potential buyer with an available property. Your house could end up getting overlooked for a long time before it finally sells at a lower cost than you had planned.
4. They May Have Overestimated Your Home’s Selling Price
Not only is there competition between sellers in the same neighborhoods, but also between different agents who want your listing. When one agent’s estimates are much higher than the other agents you have talked to, they are doing something called “buying your listing.” This practice leads to disappointing results when the home does sell. Most of the time, it also means the property is going to take a lot longer to sell.
5. You Have Better Options for Selling Your House
Like most people, you probably think your only options for selling your house is to hire an agent or do it yourself. Not only is there a third option, but it’s often the best one. Buy Every Home will buy any house, regardless of its condition. We make an offer within 24 hours. You are under no obligation to accept. If you do, you can sell your home in as little as fourteen days.
We are the nation’s largest privately owned home buyer. Unlike real estate agents who are only interested in getting their fees, we offer you better options that will get your house sold faster.
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