There are several costs that go into a traditional home sale. Sometimes the expenses simply may not be worth it. Learn more about what to expect in our latest post!
When homeowners choose to put their houses on the MLS with a Kalamazoo real estate agent, there are often costs they aren’t aware of and could be unprepared for as they begin the process. Below we will discuss the costs you should expect with a traditional listing and when it makes sense to spend the money. We will also provide information about the alternatives out there that can benefit you!
Costs You Can Expect
Of course, there are the traditional costs homeowners can expect when selling houses in Kalamazoo. You might factor in commissions and fixing up the property, but there can be greater costs as well. A commission will usually be about 6% of your final sale price, which alone is a significant amount of money. When you add in things like professional cleaning, marketing, photography, staging, landscaping, and your holding costs for things like taxes, utilities, and insurance, you might find that it is better to sell the property sooner rather than later. You also need to consider the closing costs which on average will amount to another 1-3% of your final sale price. When listing your house in Kalamazoo, the costs will vary based on the property and the competition. It is up to you to explore your selling options so you can ensure you are making the best decision for your situation and property.
When It Makes Sense To Spend
If your house needs little to no work and is in high demand, it can pay to list with a Kalamazoo real estate agent. Make sure you are hiring both contractors and an agent whom you trust and can count on to get the job done for you. Paying for minimal repairs while feeling confident you will get your asking price is a no-brainer. However, if there is a lot of competition or if the property requires a lot of money to fix-up and repair it may not make sense to spend all the extra money. Many people think that listing will be their best choice, but realistically, this isn’t always the case. Some properties will fare much better by being sold directly.
Alternatives To Listing Your House In Kalamazoo
The best alternative to listing your house in Kalamazoo is to sell it directly to a professional buyer. When you work with a professional buyer to sell your house directly, you will be able to avoid things like repairs, commissions, and the continued closing costs. When you add it all up, this can amount to thousands of dollars you are able to keep in your pocket! Selling directly also benefits those who don’t have the time to facilitate a traditional sale with a Kalamazoo real estate agent. Some people need to sell their houses quickly, and in these cases, a listing may not be the best choice.
Keep in mind that not all home buyers in Kalamazoo are the same. When you choose to work with the team at Ryan Buys Houses, you can always ensure you will receive a great offer for your house no matter the condition. We believe in paying fair prices based on the current real estate market combined with the condition of the property. By avoiding commissions, repairs, and all the other costs of a traditional listing, you may find that a direct sale is a great opportunity for selling your property. Get in touch with us today for a direct offer for your Kalamazoo house!
Learn more about what goes into a successful home sale! Contact us today for more information! (269) 775-4095