You’ve decided it’s time to sell. You keep asking yourself if you should hire an agent to sell your house in Kalamazoo, MI. Do you want to pay 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?
Showings
If you decide to sell your house directly to a professional house buyer in Kalamazoo, MI, we will work to minimize a roller coaster of emotions. There is no frustrating phone calls during dinner 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. You don’t have to worry about possibly running into a buyer’s agent, their clients, or dealing with them asking you questions. You also don’t have to worry about buyers trying to negotiate with you over which furniture you are taking and what you are leaving in the home.
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 out of your proceeds in commissions 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 Kalamazoo, MI directly to house buyers, they will typically close faster than traditional buyers, and usually pay full in cash. Traditional house purchases usually require qualifications from banks, mortgage underwriting time, property inspection and there is the potential the buyer may not end up qualifying in the end.
Inspections & Repairs
Professional house buyers in MI 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 as part of selling your home. 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.
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 (269) 775-4095 or send us a message to discuss these and other reasons why it is better to sell your house directly vs. hiring a Kalamazoo real estate agent.
