There is more than one way to sell your Hampton Roads house! Many people become so focused on listing that they fail to consider all of the other ways a home can be sold. Many people miss out on saving time and/or money by sticking with the only answer they know. There are numerous ways to sell a home.
In this article, we will break down the pros and cons of each do you can make a smart and well-informed decision about how you wish to sell!
Pros of Direct Sale a House:
People frequently overlook the numerous benefits of direct sales. It can save you a lot of time. Many consumers who make direct offers pay in cash, eliminating the need to wait for the bank to secure the loan. This means you can sell your house in as short as one week! Selling your property quickly relieves you of financial commitments, including insurance, electricity, and taxes. Furthermore, if you do not work with an agent, you can save a significant amount of money on commissions, agent fees, and listing charges. Direct offers frequently do not require any cleaning, repairs, or improvements to the home. A direct sale allows you to get a better bargain.
Cons of Direct Sale a House:
The final sale price on a direct sale is often lower than retail.
Pros of Selling Yourself:
You are in control of everything. You will have all the power and be able to decide your best course of action. Once you sell, you won’t have to deal with paying an agent’s high commission.
Cons of Selling Your House By Yourself:
You are in control of everything. You have to do all the work! You are in charge of advertising, dealing with potential buyers and their agents, reviewing contracts, handling negotiations and dealing with title companies. It can be a huge headache if you aren’t familiar with the process. And because it is your house, you might not be all business, and will instead operate with emotion. You cannot become offended by low offers, or overprice the house when you know it isn’t worth what you are asking.
Pros of Working With an Agent:
A good agent will take care of the sale on your behalf. A GREAT agent will go above and beyond, helping you transition into a new home. An agent should have connections and be able to offer resources to get you settled. Take advantage of the services at their disposals such as photographers and professional stagers. This Iis I why you are paying them such a high commission!
Cons of Working With An Agent:
If you sell with an agent, you will be responsible to pay 100% of the commission owed to them. This is typically about 6% of your final sale price. In addition, you will be paying about 2% of the final sale price, toward closing costs. You will also have to pay up front to get the house ready for listing. This includes a professional cleaning, making repairs and cleaning done on a constant basis. There are also no guarantees on when it will sell. You will not know how much you are getting or when you are closing until the very end!
There are many ways to sell your Hampton Roads house. Before you do anything else, make sure you fully research the options available to you. Don’t settle for one option until you learn what other selling methods will mean for you!