Your home needs to be sold. You keep asking yourself if you should hire an agent to sell your house in Cleveland, Ohio. Will you be paying commissions? How long are you prepared to wait for an offer to be made on the house? How long till it closes? What kind of repairs are you going to need to make? With a 24-hour notice or less, are you available to show your home?
No Property Showings
You won’t have to worry about experiencing an emotional roller coaster if you choose to sell your house straight to a professional house buyer in Cleveland, Ohio. There are no annoying phone calls asking whether you are available to see your house in the middle of supper. You don’t have to be concerned about meeting a buyer’s agent or their clients.
No Commissions or Fees
A percentage of the price of the sale of your home is how real estate agents are compensated. There won’t be any commissions paid to a buyer’s agent or seller’s agent if you don’t utilize an agency. Savings of thousands of dollars can result from this! The standard commission is 3% per side, so if your home is sold for $400,000, you would need to set aside $24,000 of the proceeds for commissions alone, in addition to the traditional seller’s closing costs and any additional transaction fees that might apply to the closing agent and the real estate agent’s office. If commissions or transaction fees are levied by professional homebuyers, they are often quite minimal.
Waiting Time Frame
The multiple listing service, also known as MLS, is accessible to real estate agents and enables your property to be found in searches. Although it may seem fantastic, how long will this remain on the market? How quickly will you get offers? The answer is no one really knows how long a property will stay on the market with an agent before its sold.
If you are selling your house to a professional home buyer there won’t be as much of a wait before the deal closes. Additionally, professional home buyers will normally close faster than traditional buyers because they often use cash to close their deals. Traditional home buyers typically involve bank prerequisites, mortgage underwriting time, property inspections, and the possibility that the buyer may not ultimately qualify.
Inspections & Repairs
In Ohio professional home buyers frequently make as-is purchases. As a seller, this means you are relieved of the burden of worrying about repairs or any other unforeseen costs. The buyer’s agent will frequently request a property inspection when you work with a real estate agent. They could demand that you pay for the necessary repairs before the property closes if they discover a problem with the building’s structure or maybe ask if you can lower your price.