When considering the sale of their homes, many people initially turn to local agents as their primary option. While agents can offer significant support in the selling process, it’s crucial to understand that it’s not the only avenue to explore. Through some research and preparation, you can successfully sell your home independently, potentially saving both time and money. In our latest blog post, we explore the typical expenses linked with a conventional listing, empowering you to evaluate whether engaging an agent aligns with your specific needs and circumstances.
The Pre-Listing Costs
Before you consider putting your home on the market, take a look at other homes on the MLS. Check out what people are asking for comparable properties and more importantly, look at what comparable properties are actually selling for. How does your house stack up? Will people opt for your house over the one next door? You will need to look t it from a buyers point of view. They will want to get the most for their money. This means you will likely have to make some repairs, touch-ups and even upgrades to the home in order to be competitive. Houses that sit on the market lose interest among buyers over time. If the property doesn’t sell, people will likely believe there is something wrong with it. You need to come out of the gate with a house that wows potential buyers and proves to be an excellent value for the money.
Agent Costs
Real estate agents provide valuable services that often justify their commissions. However, it’s important to exercise caution regarding those who may not offer the level of service commensurate with their fees. When you engage an agent to list your property, you’re typically committing to paying a commission, typically around 6% of the final sale price. This commission is owed to the agent regardless of whether you ultimately sell the property independently to someone you know. Additionally, some agents may charge for administrative expenses, listing fees, marketing, photography, and other services. It’s crucial to thoroughly understand the terms of your listing agreement as each agent operates differently.
At The Closing Table
Upon reaching the closing date, in addition to compensating your agent, you’ll be required to cover closing costs, typically estimated at around 2% of the final sale price. These costs encompass various expenses such as appraisal fees, taxes, deed recording, title search, credit checks, and more. However, when opting for a direct sale to Core Real Estate Properties, all these costs are conveniently covered for you, streamlining the process and providing a hassle-free transaction.
Time Is Of The Essence
When you list your house, you are in a sense, gambling. You aren’t offered any guarantees such as how much you will get or when the house will close by. This can make it difficult to plan ahead and move on with your life. In addition, you will have to continue paying the monthly costs for the home such as insurance, taxes and monthly utilities. An agent can list your house for any price they want, however, that doesn’t mean you will get it. With a direct sale to [comapny], you will be able to know the exact amount you will receive as well as the closing date before signing anything. We aim to make the process as clear and as simple as possible.