You’ve made the decision to sell. Should you engage a real estate agent in Cleveland, Ohio to sell your home? Do you want to pay a lot of money in commissions? How long are you willing to wait for an offer on the house? What is the estimated time of completion? What kind of repairs are you going to have to do? When I leave for work in the morning, how does the house look? Are you available to show your home with less than 24 hours’ notice?
Fees and Commissions
Real estate agents are compensated as a percentage of your home’s sale price. There will be no commissions paid to a buyer’s or seller’s agent if you do not utilize an agency. That’s a savings of hundreds of dollars! If you sell your house for $400,000, you’ll have to pay $24,000 in commissions alone, plus the conventional seller’s closing fees and other additional transaction fees to the closing agent and the real estate agent’s office. Real estate investors rarely charge commissions or transaction fees, and if they do, they are often quite minimal.
Time Limit for Waiting
Real estate agents have access to the multiple listing service, or MLS, which allows your home to appear in searches for certain attributes. This may seem fantastic, but how long will it be available? How quickly will you get offers? If your property doesn’t fit into their portfolio, it might fit into one of their colleagues’. In either case, this entails a fairly short wait for an offer. Also, when you sell your house to house buyers in Cleveland, Ohio, they will normally close faster than traditional house purchasers and pay in full cash. Traditional home acquisitions typically need bank prerequisites, mortgage underwriting time, and a property inspection, and the buyer may not ultimately qualify.
Repairs & Inspections
Houses are typically purchased as-is by professional house buyers in Ohio. As a seller, this means you won’t have to worry about repairs before the closing date or any other unexpected costs. Some companies do not require inspections, making the purchase really as-is. When you work with a real estate agent, the buyer’s agent will often request a property inspection. If they discover a flaw in the structure of the property, they may ask you to rectify it yourself before closing.
You won’t have to worry about going through a roller coaster of emotions if you choose a professional house buyer in Cleveland, Ohio. There will be no annoying phone calls in the middle of the night asking whether you are available to see your house. You won’t have to worry about keeping your house pristine every morning before going to work, just in case there’s a showing while you’re gone. You won’t have to worry about bumping into a buyer’s agent or their clients, or dealing with them asking you things you shouldn’t be answering in the first place. You also won’t have to deal with purchasers bickering over which furniture you’ll take and which you’ll leave.
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.