Understanding the differences between hiring a real estate agent in Greensboro and selling your house to a cash buyer will make a significant impact on the financial outcome of your sale. When it comes to selling a house, homeowners have two main options: working with a cash buyer or hiring a real estate agent to list the home. Each option has its own set of pros and cons, and the best choice depends on the individual homeowner’s circumstances.
We like to give you options and can assist with coming up with a fair list price and compare that to our cash offer we make you to see which will net you more at the end of the sale.
Selling Your Greensboro House – Like New
Working with a cash buyer can be a quick and easy way to sell a house. Cash buyers are typically investors who are looking to buy properties to fix and resell or rent out. They are typically able to close on a deal much faster than a traditional homebuyer, since they don’t have to go through the process of obtaining a mortgage. This means that homeowners can sell their house and receive their money in as little as a week.
However, working with a cash buyer also has its downsides. The biggest one is that cash buyers typically offer less money than the market value of the property. This is because they are looking to make a profit on the sale, and will therefore offer a lower price to account for the costs of renovating and reselling the property. Additionally, cash buyers may not be interested in purchasing a house that needs a lot of work, which means that homeowners may have to spend money on repairs before the sale.
On the other hand, listing a house with a real estate agent can be a more time-consuming process, but it can also lead to a higher sale price. Agents will list the property on multiple platforms, and will handle all of the negotiations and paperwork associated with the sale. They will also be able to provide homeowners with insight into market conditions, and can advise on pricing and home staging to help get the most money for the property.
One downside of listing with an agent is that it can take longer to sell a house. This is because it may take longer to find a buyer and there may be more back and forth in the negotiation process. Additionally, homeowners will typically have to pay a commission to the agent, which can be a significant percentage of the sale price.
Ultimately, the decision of whether to work with a cash buyer or list a house with an agent will depend on the individual homeowner’s needs and circumstances. If a homeowner is looking to sell quickly and doesn’t mind receiving less money for the property, then working with a cash buyer may be the best option. However, if a homeowner is willing to wait a bit longer and wants to get the most money for the property, then listing with an agent may be the better choice.
Why Hiring a Real Estate Agent in Greensboro might not be best for you?
Less Than Perfect
If your house needs repairs, a direct sale may pay more, especially considering you simply will not have to worry about making and financing the repairs. Working with a professional buyer means working with a team of experts on hand from every real estate industry. By working with a professional buyer, this enables them to purchase quickly by eliminating the need and expenses of professional inspections and appraisals and the legal risks surrounding disclosures. Walking away from repairs on the property is a substantial time and money-saving difference for you between hiring a real estate agent in Greensboro and selling your house to a professional buyer like Simply Sold Property. If you want to sell your house fast but it needs renovations, selling to a professional buyer will save you the expenses of doing the repair.
Quick Closings
For those selling due to economic or personal hardship, skipping all of the listing processes rather than risking a home stagnating on the market could mean all the difference between solving your problems almost immediately and financial ruin. If you have had to relocate before your home has sold, you may not be able to carry both properties for very long without sinking under the financial burden. These sellers save time and money by avoiding all of the red tape involved with a buyer that needs to qualify for a mortgage, which is a significant difference between hiring a real estate agent in Greensboro and selling your house to a professional buyer. This simplifies the process and makes it stress-free to sell your house fast. An investor can close faster, and unlike a real estate agent, they can guarantee your closing date. Because of the freedom of working with a professional buyer like Simply Sold Property, you could walk away with cash in hand in as little as 30 days and, in some cases, even less time.
Expenses
The average commission on a real estate sale is near seven percent or $7,000 from a sales price of $100,000. The profit you may have anticipated will be nowhere in sight as you continue to pay for all of the expenses of listing the home upfront out of your pocket, including any costs of the demands your agent may make for the prep and marketing of your home. Professional fees for appraisals and inspections, required for most buyers seeking to qualify for a mortgage with a lender, also come from your funds. When you sell your house to an investor, there are no commission charges or other expenses, which is an appealing difference to your wallet, between hiring a real estate agent in Greensboro and selling your house to a professional buyer. When you meet with a professional buyer like Simply Sold Property, they will explain every step of how they reach their figure and come to a consensus with you on a price that you fully agree is a fair offer. And, the offer you receive is what you get at closing. There are no commissions or other hidden fees that come off of the top, leaving you with less of your hard-earned investment dollars after closing. In the end, this is a cost-efficient way to sell your house.
No Showings
For many sellers, showings are why they delay or even avoid listing their home, even if they are unhappy where they are. They simply cannot imagine allowing strangers to walk through their home, virtually or in-person. Still, others cannot handle any further pressure within their home, and keeping everything in showing condition at all times and working around everyone’s schedule can be stressful in the best of times. Skipping the headaches of showings is one of the most appreciated differences between hiring a real estate agent in Greensboro and selling your house to a professional buyer like Simply Sold Property.
Ready to learn more about the beneficial differences between hiring a real estate agent in Greensboro and selling your house to a professional buyer like Simply Sold Property? Simply Sold Property is happy to answer any questions you may have about what would work best for your home. At Simply Sold Property, our outstanding professional buyers are ready to help you! Call Simply Sold Property at (336) 530-5204 today! Send us a message or call Simply Sold Property at (336) 530-5204 today!