By Mitch Rice
When preparing to sell your house, you’re often faced with many decisions, from when to sell, how much to sell for, and where to move. However, the goal of every home seller is to have a convenient and smooth sale and sell their property fast and for a top price without incurring unnecessary costs. If that’s your goal, you may want to sell your home without a real estate agent.
Unlike in the past, selling your house without a real estate agent is super easy today. That’s because there are many platforms where you can list your property for sale by owner (FSBO) or even market it on social media platforms. Besides that, you can sell your house for cash to reputable cash home buyers like Cream City Homebuyers. Selling to a cash buyer can be the best choice, especially if you need a fast sale and don’t want to deal with the stress and costs of making repairs or marketing your property. Here are a few other benefits of selling your house without a realtor:
1. Saving Money
The biggest benefit of selling your house yourself is the money you save by not paying the agent commission fee. Typically, the agent commission is between 5% and 7% of the final sale price, which can amount to thousands of dollars depending on the value of your home. That means you’ll lose a lot of money from your house sale if you hire a real estate agent.
However, if you sell your house on your own, you can avoid paying the buyer’s agent or only pay a small portion of the commission. You can also leave the agent costs entirely to the buyer since you’re not in any agreement with the agent. This can help you save a lot of money, which you can put toward paying other closing costs or as a down payment for your new home.
2. More Control
Selling without a realtor also helps you gain complete control over the whole sales process. Selling your home can be quite emotional. And having complete control of the process can make you feel better. Without a middleman, you have complete control from the moment you put your house on the market to the day you close the sale and transfer ownership.
Selling on your own gives you control over your property’s listing price. This way, you can decide the right price to sell your house based on recent sales comps or the current value of your home, allowing you to make the most out of your house sale. On the other hand, a realtor can convince you to set a listing price that may make it difficult to find a quick buyer, which can be problematic if you want to relocate within a short time. You also decide when to host open houses or schedule showings, depending on your availability.
3. You Can Skip Costly Repairs
One of the real estate agent’s tasks is to advise you on the repairs you need to make to attract buyers. However, if your house is in a less-than-ideal condition, you may end up with expensive repairs that you can’t afford. You may also have to make major repairs that may not recover your money after you sell your house.
However, selling your property on your own allows you to skip making costly repairs by selling your house to a cash home buyer in its current condition. This saves you a lot of money, time, and the hassle associated with making repairs and improvements to your home.
Endnote
There are many compelling reasons why you should consider selling your house without a realtor. Not only do you avoid the hassle of dealing with a middleman, but you also save a lot of money on realtor fees and get the chance to obtain a suitable deal from your house sale.
Once you’ve decided to sell your house and have researched the local real estate market, you can go ahead and put your property on the market. Ensure that you properly market your property on social media platforms and different real estate listing platforms. This ensures your property is seen by as many potential home buyers as possible, enabling you to sell fast and for top dollar and save lots of money in the end.
Data and information are provided for informational purposes only, and are not intended for investment or other purposes.
