Buying or selling a property is one of the biggest financial decisions that a lot of us will ever make. It’s a process that can be both exciting and stressful, especially if you’re not sure which route to take – hiring a real estate agent or going for a direct sale in Tampa. To answer that question, we gotta look at both approaches individually.
Let's be honest, most of us don't have the time or energy to manage a sale ourselves. Even if you've bought or sold before, it's still a lot of work and takes up valuable time that could be spent elsewhere. If your job is demanding or you have young children at home, then the thought of having to schedule viewings, open houses, and negotiate contracts is probably enough to make you want to pull your hair out.
But what about the money you could save by not paying a real estate agent's commission? It's true that you wouldn't have to fork over that 6% fee, but is it worthy enough? The reality is, that most people who try to sell their home without an agent end up listing with one eventually anyway.
However, if a direct sale is involved in the transaction instead of a typical real estate agent, the homeowner stands to make some serious savings because they're not paying a middleman. Interested in sell my house fast Tampa? Take the first step and contact us for a cash offer on your home.
A direct sale is when the homeowner contracts with a professional home buying company, a house flipper, or even someone you know who is looking for a property to buy. Eliminating the real estate agent completely from the equation means that you can avoid paying a commission fee. However, these types of buyers are usually not concerned with some of the cosmetic features that a traditional person considers, so they pay slightly less for the property.
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Real estate agents will do a comparative market analysis (CMA) to come up with a suggested listing price for a home. This process looks at similar homes in your area that have recently sold and factors in things like the size, age, condition, number of bedrooms and bathrooms, and any unique features or updates that your home might have.
On the other hand, direct buyers are mostly interested in the after-repair value (ARV) of a property. They'll take into account the cost of any necessary repairs or renovations and calculate what they think the home will be worth once those updates have been made.
Because they're not as concerned with things like curb appeal or cosmetic features, direct buyers usually offer a lower price than what you would get if you listed your home on the open market. (1)
That's just a thing with investors and house flipping companies – they're looking to buy low and sell high, so they can't really afford to pay top dollar for a property. However, you can come across a great buyer who's willing to give you an excellent offer for the property.
It is common that people who buy houses to live in; pay higher prices for properties that need very few repairs or updates. And if you're able to find one of those types of buyers, then you could potentially get a great price for your home – even without hiring a real estate agent.
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Listing a house with a real estate agent follows a pretty standard process. Once you've signed a contract with an agent, they'll list your home on the MLS (Multiple Listing Service) and begin marketing it to potential buyers.
When an offer comes in, the agent will help you to negotiate a price that's fair for both parties and then draw up the official sales contract. They will take care of pretty much everything for you. From schedule viewings and open houses to handling all the paperwork, your agent will be there to guide you through every step of the process.
In a direct sale, the homeowner is responsible for a lot of the work. Finding a buyer, negotiating the price, and taking care of all the paperwork are just a few of the things that will be up to you. It can be a lot to handle, but it's worth it if you're trying to save money on commissions.
It generally takes a few months to sell a home – anywhere from two to six, on average. Of course, there are always exceptions to the rule. Dealing in a hot market where properties are selling left and right? A home could be under contract in a matter of weeks.
But let's say the current market isn't so great and homes in your area are sitting on the market for months at a time. In that case, it could take quite a while to find a buyer – even if you've got a real estate agent working for you.
With a direct sale, you have a lot more control over how fast or slow the process goes. It all depends on how quickly you're able to find a buyer and how motivated they are to close the deal.
If an urgent sale is what you're going for, it's definitely possible to find a buyer who's ready and willing to move quickly or cash buyers or
we buy houses Tampa - who can close in as little as a week - they don't need any repairs and renovations, providing a fair price is the only thing that matters to them.
In a traditional sale, the seller pays a commission to the listing agent, who then splits it with the buyer's agent. This typically comes out to around 6% of the final sales price, which can add up to quite a bit of money – especially if you're selling an expensive home.
For example, let's say you're selling a $500,000 house. If you go the traditional route and pay a 6% commission, that's $30,000 that's coming out of your pocket. And if you have to make any repairs or updates to the property, those costs will come out of your budget as well.
With a direct sale, you won't have to worry about any of that. You won't be paying any commissions or fees, so you'll get to keep all the money from the sale. Even if there are any repairs or updates that need to be made, you can negotiate with the buyer to see if they're willing to cover those costs or at least split them with you.
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As we mentioned before, personal preferences play a big role in the decision of whether or not to hire an agent. Some people feel more comfortable having someone else handle everything, while others are perfectly fine taking on the extra work themselves to save some money.
But direct selling offers several options that are not available when working with a real estate agent. The ability to sell a home as-is - definitely a huge point for those who want to avoid making any repairs or renovations. If a fast sale is what you're after, then working with cash buyers/direct selling is definitely the way to go.
We here at Traction Home Offer are dedicated to getting the most cash possible into your pockets for your home as-is, so that you can get the most out of this situation and prepare to move on. We will buy houses in any condition without you needing to fix your home before sale.